Homeowner Insurance Insurance Property Taxes Real Estate 
Savings Corner
DECEMBER 24, 2023
Homeowners insurance in Iowa is also below the national average. Iowa lands near the middle of the pack tax-wise. 23 for property taxes and No. 22 for state and local sales tax. Iowa’s median home price is $239,400, per Redfin data — well below the nationwide median home price of $388,800.
Savings Corner
DECEMBER 25, 2023
We included ongoing payments for rent and renter’s insurance and a one-time security deposit. Your result assumes you’ll deduct on your taxes the costs for mortgage interest, PMI and property tax, and that your marginal income tax is 25%. It takes into account typical spending on home renovations and maintenance.
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