The typical owner-occupied home in Mitchellville is worth about $206,600, about the same as the Iowa median of $208,000 and 38% below the national median of $332,700. Owners pay a median $3,168 a year in property taxes, about 1.53% of their home's value, higher than the Iowa rate of 1.39%. The median household earns $81,172 a year, so the median home costs 2.5 times the median income (2.8 times for Iowa). 78% of occupied homes here are lived in by their owners, and 72% of those owners still have a mortgage.
Mitchellville at a glance
| Mitchellville | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $206,600 | $208,000 | $332,700 |
| Median property tax paid per year | $3,168 | $2,897 | $3,119 |
| Property tax as a share of value | 1.53% | 1.39% | 0.94% |
| Median household income | $81,172 | $75,059 | $80,734 |
| Homes lived in by their owners | 78% | 72% | 65% |
| Owner homes with a mortgage | 72% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,429 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 17.2% | 18.7% | 21.0% |
| Median rent | $779 | $972 | $1,413 |
| Rent as a share of renters' income | 30.2% | 27.4% | 30.6% |
| Median year homes were built | 1965 | 1972 | 1980 |
| Vacant homes | 9.2% | 8.5% | 10.1% |
| Population | 2,579 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Mitchellville
At this week's average 30-year rate of 7.11%, buying the median Mitchellville home of $206,600 with 20% down costs about $1,461 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,806, 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 $62,629 for the 20%-down payment. That payment is 22% of the median Mitchellville household income of $81,172; at that income and 20% down, the 28% guideline points to a home of about $268,000.
The median rent here is $779 a month, so owning the median home costs about $682 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $41,320 |
|---|---|
| Loan amount | $165,280 |
| Principal and interest | $1,112 |
| Property taxes (1.53% a year) | $263 |
| Homeowners insurance (our estimate, 0.5% a year) | $86 |
| PMI | $0 |
| Total per month | $1,461 |
Change the numbers in the calculator
| Down payment | $7,231 |
|---|---|
| Loan amount | $202,858 |
| Principal and interest | $1,365 |
| Property taxes (1.53% a year) | $263 |
| Homeowners insurance (our estimate, 0.5% a year) | $86 |
| FHA mortgage insurance | $91 |
| Total per month | $1,806 |
Change the numbers in the calculator
Questions about home buying in Mitchellville
What is the median home value in Mitchellville?
About $206,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mitchellville?
Homeowners pay a median $3,168 a year, which is about 1.53% 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 Mitchellville?
For the median home with 20% down at 7.11%, the payment is about $1,461 a month. Keeping that under 28% of gross income takes about $62,629 a year.
More about Mitchellville
- Mortgage Refinance in Mitchellville
- Debt Relief in Mitchellville
- Home Equity Loans in Mitchellville
- 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