The typical owner-occupied home in Ferguson is worth about $75,600, 64% below the Iowa median of $208,000 and 77% below the national median of $332,700. Owners pay a median $683 a year in property taxes, about 0.90% of their home's value, lower than the Iowa rate of 1.39%. The median household earns $52,500 a year, so the median home costs 1.4 times the median income (2.8 times for Iowa). 82% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Ferguson at a glance
| Ferguson | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $75,600 | $208,000 | $332,700 |
| Median property tax paid per year | $683 | $2,897 | $3,119 |
| Property tax as a share of value | 0.90% | 1.39% | 0.94% |
| Median household income | $52,500 | $75,059 | $80,734 |
| Homes lived in by their owners | 82% | 72% | 65% |
| Owner homes with a mortgage | 39% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,229 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 14.6% | 18.7% | 21.0% |
| Median rent | $1,125 | $972 | $1,413 |
| Rent as a share of renters' income | 18.8% | 27.4% | 30.6% |
| Median year homes were built | 1938 | 1972 | 1980 |
| Vacant homes | 20.0% | 8.5% | 10.1% |
| Population | 85 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Ferguson
At this week's average 30-year rate of 7.11%, buying the median Ferguson home of $75,600 with 20% down costs about $495 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $621, 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 $21,216 for the 20%-down payment. That payment is 11% of the median Ferguson household income of $52,500; at that income and 20% down, the 28% guideline points to a home of about $187,000.
The median rent here is $1,125 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $15,120 |
|---|---|
| Loan amount | $60,480 |
| Principal and interest | $407 |
| Property taxes (0.90% a year) | $57 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| PMI | $0 |
| Total per month | $495 |
Change the numbers in the calculator
| Down payment | $2,646 |
|---|---|
| Loan amount | $74,231 |
| Principal and interest | $499 |
| Property taxes (0.90% a year) | $57 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| FHA mortgage insurance | $33 |
| Total per month | $621 |
Change the numbers in the calculator
Questions about home buying in Ferguson
What is the median home value in Ferguson?
About $75,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ferguson?
Homeowners pay a median $683 a year, which is about 0.90% 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 Ferguson?
For the median home with 20% down at 7.11%, the payment is about $495 a month. Keeping that under 28% of gross income takes about $21,216 a year.
More about Ferguson
- Mortgage Refinance in Ferguson
- Debt Relief in Ferguson
- Home Equity Loans in Ferguson
- 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