What income do you need to buy a house in Gilmore City, IA?

It takes about $17,000/yr to afford the typical Gilmore City, IA home ($57K, -18.2% past year) at today's rates. Starter homes run around $36K. See if you can afford a house in Gilmore City (2026 data) — free, no signup.

Market snapshot (2026-07)

• Income needed to buy the typical home: about $17,000/yr (28% front-end ratio, 20% down, 6.76% 30-yr fixed, IA property tax and insurance)
• Typical home value: $57K (Zillow ZHVI, 2026-07)
• 1-year change: -18.2%
• Bottom 35% of homes: $36K
• Top 35% of homes start around: $108K
• Median household income: $53K
• Price-to-income ratio: 1.1
• Estimated payment on the typical home: $296/mo principal & interest (20% down, 6.76% 30-yr fixed)

Nearby housing markets

• Fort Dodge, IA — typical home $133K
• Algona, IA — typical home $187K
• Webster City, IA — typical home $158K
• Storm Lake, IA — typical home $179K
• Spencer, IA — typical home $200K
• Carroll, IA — typical home $213K

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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