The typical owner-occupied home in Iredell is worth about $68,600, 76% below the Texas median of $283,800 and 79% below the national median of $332,700. The median household earns $54,250 a year, so the median home costs 1.3 times the median income (3.6 times for Texas). 84% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Iredell at a glance
| Iredell | Texas | U.S. | |
|---|---|---|---|
| Median home value | $68,600 | $283,800 | $332,700 |
| Median property tax paid per year | – | $4,232 | $3,119 |
| Median household income | $54,250 | $78,476 | $80,734 |
| Homes lived in by their owners | 84% | 63% | 65% |
| Owner homes with a mortgage | 42% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,583 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 20.4% | 21.7% | 21.0% |
| Median rent | $1,214 | $1,403 | $1,413 |
| Rent as a share of renters' income | 31.3% | 30.9% | 30.6% |
| Median year homes were built | 1966 | 1992 | 1980 |
| Vacant homes | 18.7% | 9.4% | 10.1% |
| Population | 294 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Iredell
At this week's average 30-year rate of 7.11%, buying the median Iredell home of $68,600 with 20% down costs about $461 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $575, 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 $19,742 for the 20%-down payment. That payment is 10% of the median Iredell household income of $54,250; at that income and 20% down, the 28% guideline points to a home of about $189,000.
The median rent here is $1,214 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $13,720 |
|---|---|
| Loan amount | $54,880 |
| Principal and interest | $369 |
| Property taxes (1.10% a year) | $63 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| PMI | $0 |
| Total per month | $461 |
Change the numbers in the calculator
| Down payment | $2,401 |
|---|---|
| Loan amount | $67,357 |
| Principal and interest | $453 |
| Property taxes (1.10% a year) | $63 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| FHA mortgage insurance | $30 |
| Total per month | $575 |
Change the numbers in the calculator
Questions about home buying in Iredell
What is the median home value in Iredell?
About $68,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Iredell?
For the median home with 20% down at 7.11%, the payment is about $461 a month. Keeping that under 28% of gross income takes about $19,742 a year.
More about Iredell
- Mortgage Refinance in Iredell
- Debt Relief in Iredell
- Home Equity Loans in Iredell
- 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