Is Iowa a good real estate market?

The Iowa real estate market is experiencing a major shift. Although the median sale price increased by 1.5% in September 2022 Y-O-Y, the number of homes sold dropped by 16.8%. Homes are staying on the market for longer as buyers struggle to find affordable housing with mortgage rates at a 20-year high of 7.08%.


Real estate in Iowa has been growing steadily over the years. With a strong economy and low cost of living, Iowa has become an attractive destination for people looking to buy or invest in property. From urban areas to rural communities, Iowa offers a diverse range of real estate options to suit every need and budget.

Types of Real Estate in Iowa

Residential Properties

  • Single-family homes
  • Condominiums and townhouses
  • Multi-family homes and apartments

Commercial Properties

  • Retail spaces and shopping centers
  • Office buildings and complexes
  • Industrial properties and warehouses

Rural Properties

  • Farms and ranches
  • Vacant land for hunting, fishing, and recreation
  • Lakefront and waterfront properties

Frequently Asked Questions (FAQ)

Q: What is the average cost of a home in Iowa?

A: The average cost of a home in Iowa is around $180,000.

Q: Are there any tax incentives for buying property in Iowa?

A: Yes, there are several tax incentives available for property owners in Iowa, including property tax credits for senior citizens and disabled individuals, as well as tax exemptions for certain types of property.

Q: What are the most popular areas to buy real estate in Iowa?

A: Some of the most popular areas for real estate in Iowa include Des Moines, Cedar Rapids, Iowa City, and the Quad Cities.

Q: Is it difficult to obtain a mortgage in Iowa?

A: It can depend on your credit score and financial history, but generally speaking, obtaining a mortgage in Iowa is not more difficult than in other states.

Q: What is the process for buying real estate in Iowa?

A: The process for buying real estate in Iowa typically involves finding a property you like, making an offer, getting a home inspection, securing financing, and closing the sale with a title company.


If you’re looking to buy or invest in real estate, Iowa is a great place to start. With a wide range of properties available at affordable prices, strong economic growth, and a welcoming community, Iowa offers everything you need to make your real estate dreams a reality.

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