Mortgage Rates in Iowa — April 2026
Compare current mortgage rates across 55 cities in Iowa. The average 30-year fixed rate is 6.71%, which is 0.62% above the national average of 6.09%.
Iowa Housing Highlights
All 55 Cities in Iowa
| City | 30-Yr Rate | Home Price | Monthly P&I | Population |
|---|---|---|---|---|
| Des Moines | 6.74% | $195,000 | $1,011 | 214,133 |
| Cedar Rapids | 6.74% | $185,000 | $959 | 137,710 |
| Davenport | 6.74% | $155,000 | $803 | 101,724 |
| Sioux City | 6.74% | $155,000 | $803 | 85,797 |
| Iowa City | 6.74% | $275,000 | $1,425 | 74,828 |
| West Des Moines | 6.74% | $295,000 | $1,529 | 68,723 |
| Ankeny | 6.74% | $315,000 | $1,633 | 67,355 |
| Waterloo | 6.74% | $135,000 | $700 | 67,314 |
| Ames | 6.74% | $265,000 | $1,374 | 66,427 |
| Council Bluffs | 6.74% | $175,000 | $907 | 62,230 |
| Dubuque | 6.74% | $185,000 | $959 | 59,667 |
| Lake City | 6.7% | $215,000 | $1,110 | 49,445 |
| Ida Grove | 6.88% | $197,500 | $1,038 | 49,355 |
| Urbandale | 6.72% | $177,000 | $916 | 45,580 |
| Knoxville | 6.67% | $162,500 | $836 | 43,950 |
| Independence | 6.66% | $210,000 | $1,080 | 42,743 |
| Marion | 6.84% | $175,000 | $916 | 41,265 |
| Cedar Falls | 6.86% | $188,000 | $987 | 40,713 |
| Bettendorf | 6.68% | $165,000 | $850 | 39,102 |
| DeWitt | 6.64% | $185,000 | $949 | 35,121 |
| Camanche | 6.9% | $175,000 | $922 | 30,935 |
| Marshalltown | 6.34% | $115,000 | $572 | 27,552 |
| Mason City | 6.11% | $125,000 | $607 | 27,256 |
| Waukee | 6.75% | $168,000 | $872 | 26,009 |
| Ottumwa | 6.79% | $163,000 | $849 | 24,488 |
| Burlington | 6.21% | $115,000 | $564 | 24,321 |
| Fort Dodge | 6.6% | $146,000 | $746 | 24,168 |
| Clinton | 6.66% | $158,000 | $812 | 24,113 |
| Muscatine | 6.84% | $157,000 | $822 | 24,009 |
| Johnston | 6.74% | $178,000 | $923 | 23,353 |
| Coralville | 6.64% | $161,000 | $826 | 21,993 |
| Clear Lake | 6.65% | $150,000 | $770 | 20,570 |
| North Liberty | 6.71% | $163,000 | $842 | 20,479 |
| Altoona | 6.89% | $162,000 | $853 | 20,222 |
| Humboldt | 6.61% | $135,000 | $690 | 20,195 |
| Harlan | 6.71% | $225,000 | $1,163 | 19,585 |
| Estherville | 6.77% | $215,000 | $1,118 | 19,400 |
| Clive | 6.77% | $162,000 | $842 | 18,905 |
| Indianola | 6.68% | $179,000 | $922 | 16,112 |
| Newton | 6.6% | $159,000 | $812 | 15,254 |
| Norwalk | 6.88% | $175,000 | $920 | 13,129 |
| Boone | 6.62% | $168,000 | $860 | 12,390 |
| Oskaloosa | 6.87% | $158,000 | $830 | 11,463 |
| Spencer | 6.89% | $159,000 | $837 | 11,233 |
| Storm Lake | 6.67% | $171,000 | $880 | 11,137 |
| Fort Madison | 6.88% | $161,000 | $847 | 10,715 |
| Pleasant Hill | 6.74% | $170,000 | $881 | 10,392 |
| Pella | 6.85% | $153,000 | $802 | 10,352 |
| Keokuk | 6.61% | $169,000 | $864 | 10,307 |
| Waverly | 6.77% | $147,000 | $764 | 10,254 |
| Le Mars | 6.75% | $177,000 | $918 | 10,211 |
| Carroll | 6.75% | $154,000 | $799 | 9,978 |
| Fairfield | 6.81% | $135,000 | $705 | 9,464 |
| Grinnell | 6.75% | $147,000 | $763 | 9,218 |
| Webster City | 6.65% | $165,000 | $847 | 7,820 |
Iowa Mortgage Rates Guide — 2026
Iowa homebuyers currently see an average 30-year fixed mortgage rate of 6.71%, with median home prices around $175,091. At these rates, the typical monthly mortgage payment (principal and interest with 20% down) is $906.
The most affordable city for homebuyers in Iowa is Marshalltown, where the median home price is $115,000. On the other end, Ankeny has the highest prices at $315,000. Property tax rates across the state average 1.58%.
To comfortably afford a home at the state average price, a household income of approximately $38,829 is recommended, following the standard guideline that housing costs should not exceed 28% of gross income.
Use our free loan calculator to see your exact monthly payments and amortization schedule, or browse individual city pages below for localized rate data and market insights.
Frequently Asked Questions — Iowa Mortgages
What are current mortgage rates in Iowa?
As of April 2026, the average 30-year fixed mortgage rate in Iowa is 6.71% and the 15-year fixed rate averages 5.95%. Rates vary by city, lender, and borrower qualification.
What is the average home price in Iowa?
The median home price across 55 cities in Iowa is $175,091. Prices range from $115,000 in Marshalltown to $315,000 in Ankeny.
How much income do I need to buy a house in Iowa?
Based on the 28% debt-to-income guideline, you would need a household income of approximately $38,829 to comfortably afford the average home in Iowa. The median household income in the state is approximately $56,790.
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