What income do you need to buy a house in Elk Run Heights, IA?

It takes about $62,000/yr to afford the typical Elk Run Heights, IA home ($203K, +1.8% past year) at today's rates. Starter homes run around $156K. See if you can afford a house in Elk Run Heights (2026 data) — free, no signup.

Market snapshot (2026-07)

• Income needed to buy the typical home: about $62,000/yr (28% front-end ratio, 20% down, 6.76% 30-yr fixed, IA property tax and insurance)
• Typical home value: $203K (Zillow ZHVI, 2026-07)
• 1-year change: +1.8%
• Bottom 35% of homes: $156K
• Top 35% of homes start around: $296K
• Median household income: $77K
• Price-to-income ratio: 2.7
• Estimated payment on the typical home: $1,056/mo principal & interest (20% down, 6.76% 30-yr fixed)

Nearby housing markets

• Waterloo, IA — typical home $149K
• Cedar Falls, IA — typical home $271K
• Independence, IA — typical home $224K
• Waverly, IA — typical home $284K
• Oelwein, IA — typical home $112K
• Hiawatha, IA — typical home $265K

The most affordable cities to buy a house in Iowa

Home values are Zillow Group public data (ZHVI, updated monthly); income and population are US Census Bureau ACS 5-year estimates. Estimates only — not financial advice.

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