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Iowa City

Learn about the people, housing, costs and businesses in Iowa City

Median Home$313,929
Median Rent$1,136/month
Population179,200
Leading IndustriesPublic Administration · Construction38% public administration
Home Value Growth⬆⬆+13.1% over 2 years
Young Adults40% of residentstop 3% nationally
Homeowners61% of occupied units
NotableHighly Educated29% bachelor's · 14% graduate · top 4% nationally
Iowa City

Frequently Asked Questions

What are today's mortgage rates in Iowa City?

Mortgage rates for Iowa City are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Iowa City?

The median home value in Iowa City is $314k. The median monthly rent is $1,136. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Iowa City?

Home values in Iowa City have increased 13.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Iowa City?

Based on a typical all-in ownership cost of $1,300/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $56k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Iowa City is $82k/year.

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What industries drive the economy in Iowa City?

The largest employment sectors in Iowa City are public administration (38%) and retail (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.