Iowa

Local Housing Market · Zillow ZHVI · May 2026

$238,019

Typical Home Value

▲ 3.9% YoY ▲ 0.05% MoM

6.49%

30Y Mortgage Rate

PMMS · Jul 09, 2026

26bps

YoY Rate Change

▼ Lower than 1yr ago

195bps

30Y/10Y Spread

Norm ~170bps

🏘 Iowa Home Values

Zillow Home Value Index (ZHVI)

Zillow

Typical Home Value

$238,019

▲ 3.9% YoY

Month-over-Month

▲ 0.05% MoM

May 2026

Data Period

May 2026

Updated monthly

Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly

📊 National Mortgage Rates

Current Mortgage Rates

Freddie Mac PMMS

30Y Fixed

6.49%

PMMS · Jul 09, 2026

15Y Fixed

5.82%

PMMS · Jul 09, 2026

1yr Ago 30Y

6.75%

▼ Rates lower now

30Y/10Y Spread

195bps

Tight · norm ~170bps

Freddie Mac PMMS via FRED · National rates · State-specific rates may vary slightly

📋 Realtor.com Market Data · Iowa

Market Indicators

REALTOR.COM

🏦 LO Market Signal · June 2026

• Inventory is up 0.3% YoY and listing prices are softening 1.7% YoY with 16.4% of listings carrying a price cut. Appraisal risk is lower, but watch for value gaps on pending deals.

• Homes are selling in a median 54 days — a slower market. Pending ratio is 0.57 — strong buyer demand, expect competitive purchase timelines.

• New listings are roughly flat 1.8% YoY. Seller activity is stable.

Median Listing Price

$289,900

▼ 1.7% YoY

Median Days on Market

54d

0d YoY

Active Listings

10,475

▲ 0.3% YoY

New Listings

4,584

▲ 1.8% YoY

Price Reduced Share

16.4%

of active listings

Pending Ratio

0.57

pending ÷ active

Realtor.com Research · State-level inventory data · Updated monthly

Hottest Markets in Iowa

REALTOR.COM

Top metros by national hotness rank (supply + demand composite) · June 2026

Davenport-Moline-Rock Island

▼ COOLING

National rank #101

Median Price

$225,000

Median DOM

46d

Demand score 78/100

Cedar Rapids

▼ COOLING

National rank #128

Median Price

$312,500

Median DOM

44d

Demand score 52/100

Waterloo-Cedar Falls

▼ COOLING

National rank #156

Median Price

$279,900

Median DOM

54d

Demand score 63/100

Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply