The typical owner-occupied home in Sharpsburg is worth about $95,000, 54% below the Iowa median of $208,000 and 71% below the national median of $332,700. Owners pay a median $843 a year in property taxes, about 0.89% of their home's value, lower than the Iowa rate of 1.39%. The median household earns $71,250 a year, so the median home costs 1.3 times the median income (2.8 times for Iowa). 94% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Sharpsburg at a glance
| Sharpsburg | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $95,000 | $208,000 | $332,700 |
| Median property tax paid per year | $843 | $2,897 | $3,119 |
| Property tax as a share of value | 0.89% | 1.39% | 0.94% |
| Median household income | $71,250 | $75,059 | $80,734 |
| Homes lived in by their owners | 94% | 72% | 65% |
| Owner homes with a mortgage | 53% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $879 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 19.3% | 18.7% | 21.0% |
| Median rent | – | $972 | $1,413 |
| Median year homes were built | 1938 | 1972 | 1980 |
| Vacant homes | 24.4% | 8.5% | 10.1% |
| Population | 83 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Sharpsburg
At this week's average 30-year rate of 7.11%, buying the median Sharpsburg home of $95,000 with 20% down costs about $621 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $780, 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 $26,627 for the 20%-down payment. That payment is 10% of the median Sharpsburg household income of $71,250; at that income and 20% down, the 28% guideline points to a home of about $254,000.
| Down payment | $19,000 |
|---|---|
| Loan amount | $76,000 |
| Principal and interest | $511 |
| Property taxes (0.89% a year) | $70 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $621 |
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| Down payment | $3,325 |
|---|---|
| Loan amount | $93,279 |
| Principal and interest | $628 |
| Property taxes (0.89% a year) | $70 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $42 |
| Total per month | $780 |
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Questions about home buying in Sharpsburg
What is the median home value in Sharpsburg?
About $95,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sharpsburg?
Homeowners pay a median $843 a year, which is about 0.89% 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 Sharpsburg?
For the median home with 20% down at 7.11%, the payment is about $621 a month. Keeping that under 28% of gross income takes about $26,627 a year.
More about Sharpsburg
- Mortgage Refinance in Sharpsburg
- Debt Relief in Sharpsburg
- Home Equity Loans in Sharpsburg
- 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