The typical owner-occupied home in Shambaugh is worth about $66,100, 68% below the Iowa median of $208,000 and 80% below the national median of $332,700. Owners pay a median $836 a year in property taxes, about 1.26% of their home's value, lower than the Iowa rate of 1.39%. The median household earns $70,250 a year, so the median home costs 0.9 times the median income (2.8 times for Iowa). 86% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Shambaugh at a glance
| Shambaugh | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $66,100 | $208,000 | $332,700 |
| Median property tax paid per year | $836 | $2,897 | $3,119 |
| Property tax as a share of value | 1.26% | 1.39% | 0.94% |
| Median household income | $70,250 | $75,059 | $80,734 |
| Homes lived in by their owners | 86% | 72% | 65% |
| Owner homes with a mortgage | 57% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $985 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 20.2% | 18.7% | 21.0% |
| Median rent | $1,063 | $972 | $1,413 |
| Rent as a share of renters' income | 37.5% | 27.4% | 30.6% |
| Median year homes were built | 1938 | 1972 | 1980 |
| Vacant homes | 19.2% | 8.5% | 10.1% |
| Population | 113 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Shambaugh
At this week's average 30-year rate of 7.11%, buying the median Shambaugh home of $66,100 with 20% down costs about $453 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $563, 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 $19,401 for the 20%-down payment. That payment is 8% of the median Shambaugh household income of $70,250; at that income and 20% down, the 28% guideline points to a home of about $239,000.
The median rent here is $1,063 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $13,220 |
|---|---|
| Loan amount | $52,880 |
| Principal and interest | $356 |
| Property taxes (1.26% a year) | $69 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| PMI | $0 |
| Total per month | $453 |
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| Down payment | $2,314 |
|---|---|
| Loan amount | $64,903 |
| Principal and interest | $437 |
| Property taxes (1.26% a year) | $69 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| FHA mortgage insurance | $29 |
| Total per month | $563 |
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Questions about home buying in Shambaugh
What is the median home value in Shambaugh?
About $66,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Shambaugh?
Homeowners pay a median $836 a year, which is about 1.26% 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 Shambaugh?
For the median home with 20% down at 7.11%, the payment is about $453 a month. Keeping that under 28% of gross income takes about $19,401 a year.
More about Shambaugh
- Mortgage Refinance in Shambaugh
- Debt Relief in Shambaugh
- Home Equity Loans in Shambaugh
- 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