The typical owner-occupied home in Oskaloosa is worth about $153,300, 26% below the Iowa median of $208,000 and 54% below the national median of $332,700. Owners pay a median $2,162 a year in property taxes, about 1.41% of their home's value, close to the Iowa rate of 1.39%. The median household earns $64,004 a year, so the median home costs 2.4 times the median income (2.8 times for Iowa). 61% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.
Oskaloosa at a glance
| Oskaloosa | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $153,300 | $208,000 | $332,700 |
| Median property tax paid per year | $2,162 | $2,897 | $3,119 |
| Property tax as a share of value | 1.41% | 1.39% | 0.94% |
| Median household income | $64,004 | $75,059 | $80,734 |
| Homes lived in by their owners | 61% | 72% | 65% |
| Owner homes with a mortgage | 55% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,227 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 17.3% | 18.7% | 21.0% |
| Median rent | $831 | $972 | $1,413 |
| Rent as a share of renters' income | 25.3% | 27.4% | 30.6% |
| Median year homes were built | 1966 | 1972 | 1980 |
| Vacant homes | 11.1% | 8.5% | 10.1% |
| Population | 11,504 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Oskaloosa
At this week's average 30-year rate of 7.11%, buying the median Oskaloosa home of $153,300 with 20% down costs about $1,069 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,324, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $45,815 for the 20%-down payment. That payment is 20% of the median Oskaloosa household income of $64,004; at that income and 20% down, the 28% guideline points to a home of about $214,000.
The median rent here is $831 a month, so owning the median home costs about $238 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $30,660 |
|---|---|
| Loan amount | $122,640 |
| Principal and interest | $825 |
| Property taxes (1.41% a year) | $180 |
| Homeowners insurance (our estimate, 0.5% a year) | $64 |
| PMI | $0 |
| Total per month | $1,069 |
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| Down payment | $5,366 |
|---|---|
| Loan amount | $150,523 |
| Principal and interest | $1,013 |
| Property taxes (1.41% a year) | $180 |
| Homeowners insurance (our estimate, 0.5% a year) | $64 |
| FHA mortgage insurance | $68 |
| Total per month | $1,324 |
Change the numbers in the calculator
Questions about home buying in Oskaloosa
What is the median home value in Oskaloosa?
About $153,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Oskaloosa?
Homeowners pay a median $2,162 a year, which is about 1.41% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Oskaloosa?
For the median home with 20% down at 7.11%, the payment is about $1,069 a month. Keeping that under 28% of gross income takes about $45,815 a year.
More about Oskaloosa
- Mortgage Refinance in Oskaloosa
- Debt Relief in Oskaloosa
- Home Equity Loans in Oskaloosa
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data