TrueAffordHome Affordability by State
What can you afford in Iowa?
A baseline estimate for a household earning $96,000 a year gross, with typical debts and expenses, a $40,000 down payment, and a 740-759 credit score — using Iowa's own property tax and insurance data rather than a national average. Every assumption is editable in the full calculator below.
Iowa's effective property tax rate is around 1.48% of home value per year — the 9th highest in the country. Average homeowner's insurance runs near $2,500/year on a $300,000 home — the 17th highest.
Comfortable
$286,471
Stretch
$332,053
Risky ceiling
$359,402
This baseline's own budget can sustain at least as much as a lender's debt-to-income ceiling allows in Iowa — the DTI ratio, not the household budget, is what limits the number here.
Open the full calculator with these numbersOther states
Browse all states · Browse by income · Full mortgage calculator · Methodology