IOWA CITY Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Iowa City averaged 6.52% for the week of 2024-07-03, compared to the national average of 6.95% for the same period.

The average rate for the prior week (2024-06-27) was 6.43% and one month ago for the week of 2024-05-30, the average rate was 6.8%.

Iowa City's average rate one year ago was 6.38%.

For refis of the same type during the week of 2024-07-03, the average rate was 6.21%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-03 6.95%
Iowa City 30 Year Fixed Rate 2024-07-03 6.52%
Iowa City 30 Year Fixed Rate Refi 2024-07-03 6.21%
Iowa City 15 Year Fixed Rate 2024-07-03 5.92%
Iowa City 15 Year Fixed Rate Refi 2024-07-03 6.25%
Iowa City 30 Year FHA 2024-07-03 6.33%
Iowa City 30 Year FHA Refi 2024-07-03 6.92%
Iowa City 30 Year USDA 2024-07-03 6.94%
Iowa City 30 Year USDA Refi 2024-07-03 6.54%
Iowa City 30 Year VA 2024-07-03 6.08%
Iowa City 30 Year VA Refi 2024-07-03 6.48%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within IOWA CITY, IA.

IOWA CITY Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the IOWA CITY, IA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Hills Bank and Trust Company 662 6.30% $1,815
GREENSTATE CREDIT UNION 584 6.28% $1,886
RESIDENTIAL MORTGAGE NETWORK, INC. 67 6.59% $2,631
Collins Community Credit Union 33 6.43% $1,942
MidWestOne Bank 31 6.52% $2,331
VERIDIAN CREDIT UNION 26 6.33% $2,259
DHI MORTGAGE COMPANY, LTD. 22 5.78% $3,888
CBI Bank & Trust 16 7.11% $2,575
IOWA BANKERS MORTGAGE CORPORATION 16 6.52% $1,780
U.S. Bank 14 6.49% $2,297
QUICKEN LOANS, LLC 14 6.46% $8,231
UNITED WHOLESALE MORTGAGE, LLC 9 7.07% $7,030
JPMorgan Chase Bank 8 6.39% $2,184
LINN AREA 8 5.97% $2,136
DUPACO COMMUNITY 8 6.16% $2,267
HOMESIDE FINANCIAL, LLC 6 7.14% $3,925
The Huntington National Bank 6 6.25% $3,786
Ohnward Bank & Trust 5 6.45% $2,091
Two Rivers Bank & Trust 5 6.80% $1,342
RUHL MORTGAGE, LLC 5 6.17% $2,277
Wells Fargo Bank 5 7.08% $2,758
BROKER SOLUTIONS, INC. 4 6.72% $4,676
COMMUNITY 1ST CREDIT UNION 3 6.58% $2,556
OPEN MORTGAGE, LLC 3 6.67% $8,432
Bankers Trust Company 3 5.75% $2,246
FLAT BRANCH MORTGAGE, INC. 3 6.37% $4,079
BMO Harris Bank 2 6.94% $4,495
Busey Bank 2 6.69% $2,495
GUARANTEED RATE, INC. 2 7.35% $3,933
PENNYMAC LOAN SERVICES, LLC 2 6.81% $7,853
NAVY FEDERAL CREDIT UNION 2 5.81% $1,932
MUTUAL OF OMAHA MORTGAGE, INC. 2 7.12% $4,874
Farm Credit Mid-America, ACA 2 7.13% $7,984
HOMESERVICES LENDING, LLC 2 5.88% $5,865
DAS Acquisition Company, LLC 2 6.25% $2,934
Luana Savings Bank 2 6.81% $1,608
Fidelity Bank & Trust 2 6.61% $2,096
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.75% $4,629
NEXERA HOLDING LLC 1 10.88% $13,359
North American Savings Bank, F.S.B. 1 7.88% $5,316
Northwest Bank 1 5.50% $3,832
Old National Bank 1 6.38% $2,162
Paramount Residential Mortgage Group, Inc. 1 7.13% $3,365
PHH Mortgage Corporation 1 7.25% $4,853
Regions Bank 1 5.88% $2,512
Stifel Bank and Trust 1 5.75% $2,099
The Central Trust Bank 1 6.00% $2,672
Truist 1 5.99% $2,767
USAA Federal Savings Bank 1 7.13% $1,780
Waterstone Mortgage Corporation 1 6.50% $10,876
American Bank and Trust Company 1 7.63% $3,410
ZILLOW HOME LOANS, LLC 1 7.13% $4,899
AMERICAN FINANCE HOUSE LARIBA 1 7.70% $4,864
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.38% $6,467
AMERISAVE MORTGAGE CORPORATION 1 7.25% $8,726
Ameris Bank 1 6.88% $3,669
Bank Iowa 1 6.63% $3,635
Bank of America 1 6.38% $2,288
Barrington Bank & Trust Company, N.A. 1 6.75% $2,350
Bell Bank 1 8.63% $4,341
CALIBER HOME LOANS, INC. 1 6.13% $4,230
CARDINAL FINANCIAL 1 6.63% $11,575
Central Bank 1 5.99% $2,491
Charles Schwab Bank, SSB 1 6.75% $2,099
CITIZENS EQUITY FIRST 1 5.63% $651
Commerce Bank 1 5.50% $1,664
CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $1,753
Deere Employees Credit Union 1 6.75% $2,072
DIRECT MORTGAGE, CORP. 1 6.88% $5,616
EMBRACE HOME LOANS, INC. 1 6.50% $3,502
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.63% $2,890
First Dakota National Bank 1 6.13% $2,305
First Federal Bank 1 6.50% $14,849
First Interstate Bank 1 6.88% $2,372
Flagstar Bank, FSB 1 5.75% $7,343
Fortress Bank 1 6.25% $1,682
GERSHMAN INVESTMENT CORP. 1 7.13% $2,839
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.50% $2,905
Great Southern Bank 1 6.13% $3,344
GUILD MORTGAGE COMPANY 1 7.88% $5,046
HEARTLAND 1 6.88% $2,367
Home Federal Bank 1 6.25% $1,701
I. H. MISSISSIPPI VALLEY CREDIT UNION 1 6.00% $2,819
Lincoln Savings Bank 1 7.12% $2,748
MICHIGAN MUTUAL, INC. 1 6.88% $2,289
Morgan Stanley Private Bank 1 5.90% $2,650
Mortgage Research Center, LLC 1 6.13% $5,742
National Bank of Commerce 1 6.88% $4,833

IOWA CITY Average Closing Costs & Other Stats

IOWA CITY, IA's 88 lenders originated 4,342 loans during 2023. The total origination value was $937,720,000, with an average loan value of $215,965.

IOWA CITY's average closing costs are $2,191.

The top IOWA CITY lender as defined by loan originations is Hills Bank and Trust Company, with 662 loans originated. Their average total fees are $1,815, which is $71 lower than the next largest lender, GREENSTATE CREDIT UNION.

The lowest fee IOWA CITY lenders (with over 10 loans originated) are IOWA BANKERS MORTGAGE CORPORATION ($1,780), Hills Bank and Trust Company ($1,815), GREENSTATE CREDIT UNION ($1,886), Collins Community Credit Union ($1,942) and VERIDIAN CREDIT UNION ($2,259).

The lowest rate IOWA CITY lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.78%), GREENSTATE CREDIT UNION (6.28%), Hills Bank and Trust Company (6.30%), VERIDIAN CREDIT UNION (6.33%) and Collins Community Credit Union (6.43%).

IOWA CITY, IA Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Hills Bank and Trust Company $445,530,000 $295,395,000 -33.7% 31.5%
GREENSTATE CREDIT UNION $441,485,000 $254,135,000 -42.4% 27.1%
First National Bank of Omaha $345,000 $79,005,000 22,800.0% 8.4%
RESIDENTIAL MORTGAGE NETWORK, INC. $47,165,000 $41,095,000 -12.9% 4.4%
MidWestOne Bank $84,935,000 $24,230,000 -71.5% 2.6%
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $18,850,000 $16,325,000 -13.4% 1.7%
VERIDIAN CREDIT UNION $17,685,000 $11,335,000 -35.9% 1.2%
Collins Community Credit Union $28,370,000 $11,130,000 -60.8% 1.2%
CBI Bank & Trust $18,330,000 $10,665,000 -41.8% 1.1%
Washington State Bank $14,735,000 $10,650,000 -27.7% 1.1%
QUICKEN LOANS, LLC $11,325,000 $8,730,000 -22.9% 0.9%
DHI MORTGAGE COMPANY, LTD. $2,955,000 $7,745,000 162.1% 0.8%
U.S. Bank $17,770,000 $7,615,000 -57.1% 0.8%
West Bank $18,740,000 $5,880,000 -68.6% 0.6%
Two Rivers Bank & Trust $5,215,000 $4,735,000 -9.2% 0.5%
Heartland Bank and Trust Company $1,205,000 $4,695,000 289.6% 0.5%
Mortgage Research Center, LLC $3,740,000 $4,345,000 16.2% 0.5%
Cedar Rapids Bank and Trust Company $1,955,000 $4,110,000 110.2% 0.4%
IOWA BANKERS MORTGAGE CORPORATION $9,745,000 $3,935,000 -59.6% 0.4%
Farmers State Bank $625,000 $3,880,000 520.8% 0.4%
DUPACO COMMUNITY $3,760,000 $3,830,000 1.9% 0.4%
LINN AREA $4,725,000 $3,220,000 -31.9% 0.3%
21ST MORTGAGE CORPORATION $2,145,000 $3,170,000 47.8% 0.3%
Bridge Community Bank $3,105,000 n/a 0.3%
Bankers Trust Company $3,665,000 $2,980,000 -18.7% 0.3%
JPMorgan Chase Bank $2,790,000 $2,850,000 2.2% 0.3%
UNITED WHOLESALE MORTGAGE, LLC $3,705,000 $2,825,000 -23.8% 0.3%
RUHL MORTGAGE, LLC $2,295,000 $2,680,000 16.8% 0.3%
The Huntington National Bank $620,000 $2,600,000 319.4% 0.3%
Bridgewater Bank $2,555,000 n/a 0.3%
PENNYMAC LOAN SERVICES, LLC $2,340,000 $2,425,000 3.6% 0.3%
NAVY FEDERAL CREDIT UNION $1,830,000 $2,290,000 25.1% 0.2%
Mount Vernon Bank and Trust Company $1,370,000 $2,185,000 59.5% 0.2%
HOMESIDE FINANCIAL, LLC $1,630,000 $1,975,000 21.2% 0.2%
Central State Bank $12,700,000 $1,830,000 -85.6% 0.2%
BROKER SOLUTIONS, INC. $1,930,000 $1,810,000 -6.2% 0.2%
Farm Credit Mid-America, ACA $370,000 $1,780,000 381.1% 0.2%
COMMUNITY 1ST CREDIT UNION $2,510,000 $1,595,000 -36.5% 0.2%
Ohnward Bank & Trust $3,060,000 $1,585,000 -48.2% 0.2%
Federation Bank $3,200,000 $1,515,000 -52.7% 0.2%
Quad City Bank and Trust Company $1,510,000 n/a 0.2%
Luana Savings Bank $10,415,000 $1,495,000 -85.6% 0.2%
First Interstate Bank $12,265,000 $1,465,000 -88.1% 0.2%
American Bank and Trust Company $2,505,000 $1,335,000 -46.7% 0.1%
BMO Harris Bank $335,000 $1,310,000 291.0% 0.1%
Wells Fargo Bank $10,465,000 $1,245,000 -88.1% 0.1%
Midwest Heritage Bank FSB $870,000 $1,185,000 36.2% 0.1%
CARDINAL FINANCIAL $1,190,000 $1,170,000 -1.7% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $85,000 $1,165,000 1,270.6% 0.1%
BankIowa of Cedar Rapids $3,530,000 $1,130,000 -68.0% 0.1%
FLAT BRANCH MORTGAGE, INC. $1,130,000 n/a 0.1%
Old National Bank $1,080,000 n/a 0.1%
OPEN MORTGAGE, LLC $1,365,000 $1,065,000 -22.0% 0.1%
NEWREZ LLC $105,000 $1,035,000 885.7% 0.1%
Grinnell State Bank $1,010,000 n/a 0.1%
Northeast Security Bank $940,000 n/a 0.1%
GUILD MORTGAGE COMPANY $1,020,000 $890,000 -12.7% 0.1%
SENB Bank $255,000 $870,000 241.2% 0.1%
Morgan Stanley Private Bank $785,000 n/a 0.1%
Kerndt Brothers Savings Bank $370,000 $760,000 105.4% 0.1%
Fidelity Bank & Trust $395,000 $745,000 88.6% 0.1%
HOMESERVICES LENDING, LLC $1,785,000 $690,000 -61.3% 0.1%
Hiawatha Bank and Trust $685,000 n/a 0.1%
Regions Bank $345,000 $685,000 98.6% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $670,000 n/a 0.1%
LOANDEPOT.COM, LLC $3,675,000 $655,000 -82.2% 0.1%
Paramount Residential Mortgage Group, Inc. $300,000 $645,000 115.0% 0.1%
MOVEMENT MORTGAGE, LLC $640,000 n/a 0.1%
CROSSCOUNTRY MORTGAGE, LLC $510,000 $615,000 20.6% 0.1%
Mr. Cooper ( Nationstar Mortgage ) $2,555,000 $615,000 -75.9% 0.1%
Home Federal Bank $585,000 n/a 0.1%
Fortress Bank $545,000 n/a 0.1%
Farmers & Merchants Savings Bank $220,000 $540,000 145.5% 0.1%
Plains Commerce Bank $785,000 $535,000 -31.8% 0.1%
Superior Credit Union, Inc. $535,000 n/a 0.1%
Northwest Bank $2,255,000 $530,000 -76.5% 0.1%
ZILLOW HOME LOANS, LLC $430,000 $530,000 23.3% 0.1%
ALLIANT $520,000 $520,000 0.0% 0.1%
Bank of America $2,110,000 $490,000 -76.8% 0.1%
AMCAP MORTGAGE, LTD. $155,000 $475,000 206.5% 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $665,000 $475,000 -28.6% 0.1%
Community Savings Bank $1,910,000 $470,000 -75.4% 0.1%
EMBRACE HOME LOANS, INC. $465,000 n/a 0.0%
First Federal Bank $445,000 n/a 0.0%
USAA Federal Savings Bank $2,050,000 $445,000 -78.3% 0.0%
PLANET HOME LENDING, LLC $645,000 $440,000 -31.8% 0.0%
First Savings Bank $425,000 n/a 0.0%
Fairfax State Savings Bank $410,000 n/a 0.0%
GUARANTEED RATE, INC. $1,145,000 $410,000 -64.2% 0.0%
Deere Employees Credit Union $1,960,000 $400,000 -79.6% 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $460,000 $390,000 -15.2% 0.0%
AMERISAVE MORTGAGE CORPORATION $735,000 $390,000 -46.9% 0.0%
DAS Acquisition Company, LLC $395,000 $390,000 -1.3% 0.0%
Waterstone Mortgage Corporation $370,000 $385,000 4.1% 0.0%
Coastal Community Bank $380,000 n/a 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $380,000 n/a 0.0%
Central Bank $315,000 $375,000 19.0% 0.0%
FIRST $990,000 $365,000 -63.1% 0.0%
First Western Bank & Trust $365,000 n/a 0.0%
EMM LOANS LLC $355,000 n/a 0.0%
The Central Trust Bank $615,000 $335,000 -45.5% 0.0%
I. H. MISSISSIPPI VALLEY CREDIT UNION $1,540,000 $325,000 -78.9% 0.0%
NEXERA HOLDING LLC $325,000 n/a 0.0%
Citizens Bank $320,000 n/a 0.0%
AMERICAN FINANCE HOUSE LARIBA $605,000 $315,000 -47.9% 0.0%
PREMIA MORTGAGE, LLC $225,000 $315,000 40.0% 0.0%
Truist $360,000 $315,000 -12.5% 0.0%
Flagstar Bank, FSB $565,000 $300,000 -46.9% 0.0%
National Bank of Commerce $295,000 n/a 0.0%
Stifel Bank and Trust $205,000 $295,000 43.9% 0.0%
Busey Bank $290,000 n/a 0.0%
DEEPHAVEN MORTGAGE LLC $285,000 n/a 0.0%
Carrington Mortgage Services, LLC $645,000 $280,000 -56.6% 0.0%
Chelsea Savings Bank $280,000 n/a 0.0%
PHH Mortgage Corporation $105,000 $280,000 166.7% 0.0%
CHURCHILL MORTGAGE CORPORATION $85,000 $270,000 217.6% 0.0%
UNIVERSAL LENDING CORPORATION $175,000 $265,000 51.4% 0.0%
First Dakota National Bank $255,000 n/a 0.0%
GERSHMAN INVESTMENT CORP. $225,000 $255,000 13.3% 0.0%
Bell Bank $245,000 n/a 0.0%
ENCORE BANK $245,000 n/a 0.0%
North American Savings Bank, F.S.B. $325,000 $245,000 -24.6% 0.0%
The Federal Savings Bank $115,000 $245,000 113.0% 0.0%
CITIZENS EQUITY FIRST $235,000 n/a 0.0%
Ixonia Bank $255,000 $235,000 -7.8% 0.0%
Bank Iowa $25,000 $225,000 800.0% 0.0%
CALIBER HOME LOANS, INC. $400,000 $225,000 -43.8% 0.0%
Commerce Bank $365,000 $225,000 -38.4% 0.0%
FREEDOM MORTGAGE CORPORATION $2,345,000 $225,000 -90.4% 0.0%
HEARTLAND $215,000 n/a 0.0%
DIRECT MORTGAGE, CORP. $205,000 n/a 0.0%
Barrington Bank & Trust Company, N.A. $540,000 $195,000 -63.9% 0.0%
Magnolia Bank $265,000 $195,000 -26.4% 0.0%
AMERICAN FINANCIAL NETWORK, INC. $185,000 n/a 0.0%
MLD MORTGAGE INC. $315,000 $185,000 -41.3% 0.0%
THE FAMILY CREDIT UNION $175,000 n/a 0.0%
Vibrant Credit Union $1,480,000 $175,000 -88.2% 0.0%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $165,000 n/a 0.0%
Charles Schwab Bank, SSB $155,000 n/a 0.0%
First National Bank, Ames, Iowa $530,000 $155,000 -70.8% 0.0%
PLAZA HOME MORTGAGE, INC. $175,000 $155,000 -11.4% 0.0%
TOWNE MORTGAGE COMPANY $155,000 n/a 0.0%
Ameris Bank $145,000 n/a 0.0%
First Central State Bank $70,000 $145,000 107.1% 0.0%
NEW DAY FINANCIAL, LLC $1,340,000 $145,000 -89.2% 0.0%
North Shore Trust and Savings $145,000 n/a 0.0%
Figure Lending LLC $165,000 $135,000 -18.2% 0.0%
M&T Bank $135,000 $135,000 0.0% 0.0%
Lincoln Savings Bank $2,930,000 $125,000 -95.7% 0.0%
Great Southern Bank $115,000 n/a 0.0%
MICHIGAN MUTUAL, INC. $95,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $150,000 $85,000 -43.3% 0.0%
ASCENTRA $990,000 $75,000 -92.4% 0.0%
The Security National Bank of Sioux City, Iowa $355,000 $75,000 -78.9% 0.0%
DuTrac Community Credit Union $785,000 $65,000 -91.7% 0.0%
MARINE $250,000 $65,000 -74.0% 0.0%
Premier Credit Union $65,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $25,000 n/a 0.0%
Northpointe Bank $965,000 $25,000 -97.4% 0.0%
Tradesmen Community Credit Union $25,000 n/a 0.0%

IOWA CITY's top lender by overall market share is Hills Bank and Trust Company, with 31.5% market share. In second place, with 27.1%, is GREENSTATE CREDIT UNION, having originated $254,135,000 in loans. In third place, with 8.4%, is First National Bank of Omaha, having originated $79,005,000 in loans. In fourth place, with 4.4%, is RESIDENTIAL MORTGAGE NETWORK, INC., having originated $41,095,000 in loans. In fifth place, with 2.6%, is MidWestOne Bank, having originated $24,230,000 in loans.


IOWA CITY Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - IOWA CITY (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $297,620 (6.7%) $330,694 (9.4%) 1.10 698
2018-02-01 $287,738 (2.8%) $325,822 (6.4%) 1.04 814
2018-03-01 $300,000 (10.7%) $348,102 (15.3%) 1.05 730
2018-04-01 $316,425 (19.5%) $358,478 (20.2%) 1.07 729
2018-05-01 $304,950 (12.1%) $350,856 (17.0%) 1.02 780
2018-06-01 $299,900 (8.1%) $343,284 (12.2%) 1.00 786
2018-07-01 $288,400 (1.0%) $338,663 (7.4%) 0.96 783
2018-08-01 $281,900 (-4.4%) $328,975 (1.5%) 0.94 813
2018-09-01 $281,900 (-5.7%) $348,303 (7.1%) 0.95 854
2018-10-01 $279,925 (-4.4%) $325,506 (1.2%) 0.95 845
2018-11-01 $274,675 (-6.9%) $322,036 (-1.6%) 0.93 804
2018-12-01 $274,900 (-6.3%) $326,923 (-0.2%) 0.95 740
2019-01-01 $279,450 (-6.1%) $321,034 (-2.9%) 0.97 716
2019-02-01 $283,400 (-1.5%) $325,837 (0.0%) 0.96 777
2019-03-01 $278,514 (-7.2%) $327,556 (-5.9%) 0.91 976
2019-04-01 $271,064 (-14.3%) $320,835 (-10.5%) 0.86 1,199
2019-05-01 $273,950 (-10.2%) $312,813 (-10.8%) 0.86 1,239
2019-06-01 $279,000 (-7.0%) $320,811 (-6.6%) 0.87 1,180
2019-07-01 $279,450 (-3.1%) $319,734 (-5.6%) 0.87 1,103
2019-08-01 $278,564 (-1.2%) $321,295 (-2.3%) 0.88 1,046
2019-09-01 $276,559 (-1.9%) $320,082 (-8.1%) 0.89 1,024
2019-10-01 $274,950 (-1.8%) $317,923 (-2.3%) 0.89 1,001
2019-11-01 $274,900 (0.1%) $318,401 (-1.1%) 0.90 919
2019-12-01 $274,900 (0.0%) $315,746 (-3.4%) 0.92 804
2020-01-01 $274,900 (-1.6%) $309,201 (-3.7%) 0.92 794
2020-02-01 $274,900 (-3.0%) $308,424 (-5.3%) 0.90 952
2020-03-01 $269,950 (-3.1%) $306,590 (-6.4%) 0.85 1,207
2020-04-01 $272,450 (0.5%) $309,717 (-3.5%) 0.85 1,214
2020-05-01 $275,000 (0.4%) $317,757 (1.6%) 0.84 1,207
2020-06-01 $278,400 (-0.2%) $326,791 (1.9%) 0.82 1,180
2020-07-01 $279,700 (0.1%) $326,716 (2.2%) 0.81 1,087
2020-08-01 $279,900 (0.5%) $328,923 (2.4%) 0.80 997
2020-09-01 $271,725 (-1.8%) $324,557 (1.4%) 0.78 989
2020-10-01 $274,900 (0.0%) $324,917 (2.2%) 0.79 936
2020-11-01 $273,450 (-0.5%) $327,140 (2.7%) 0.80 825
2020-12-01 $270,100 (-1.8%) $327,863 (3.8%) 0.80 724
2021-01-01 $279,900 (1.8%) $329,954 (6.7%) 0.84 607
2021-02-01 $280,491 (2.0%) $336,764 (9.2%) 0.82 739
2021-03-01 $278,925 (3.3%) $330,589 (7.8%) 0.79 850
2021-04-01 $280,950 (3.1%) $331,393 (7.0%) 0.76 932
2021-05-01 $289,900 (5.4%) $337,754 (6.3%) 0.77 939
2021-06-01 $299,660 (7.6%) $358,097 (9.6%) 0.79 868
2021-07-01 $289,900 (3.7%) $360,155 (10.2%) 0.76 813
2021-08-01 $298,450 (6.6%) $369,300 (12.3%) 0.80 731
2021-09-01 $300,475 (10.6%) $379,646 (17.0%) 0.80 657
2021-10-01 $298,900 (8.7%) $371,244 (14.3%) 0.80 632
2021-11-01 $299,900 (9.7%) $374,472 (14.5%) 0.80 619
2021-12-01 $294,925 (9.2%) $373,611 (14.0%) 0.80 588
2022-01-01 $310,000 (10.8%) $372,698 (13.0%) 0.84 540
2022-02-01 $315,950 (12.6%) $372,607 (10.6%) 0.82 603
2022-03-01 $309,500 (11.0%) $369,964 (11.9%) 0.77 704
2022-04-01 $315,000 (12.1%) $385,107 (16.2%) 0.75 830
2022-05-01 $323,725 (11.7%) $393,573 (16.5%) 0.74 822
2022-06-01 $333,000 (11.1%) $405,526 (13.2%) 0.74 793
2022-07-01 $339,900 (17.3%) $408,053 (13.3%) 0.77 733
2022-08-01 $339,900 (13.9%) $403,939 (9.4%) 0.79 660
2022-09-01 $337,000 (12.2%) $397,801 (4.8%) 0.79 652
2022-10-01 $339,900 (13.7%) $400,248 (7.8%) 0.80 612
2022-11-01 $343,000 (14.4%) $410,327 (9.6%) 0.82 597
2022-12-01 $349,900 (18.6%) $415,590 (11.2%) 0.86 550
2023-01-01 $359,900 (16.1%) $419,046 (12.4%) 0.89 553
2023-02-01 $357,450 (13.1%) $422,099 (13.3%) 0.86 611
2023-03-01 $357,450 (15.5%) $425,499 (15.0%) 0.84 688
2023-04-01 $354,900 (12.7%) $430,604 (11.8%) 0.83 755
2023-05-01 $368,495 (13.8%) $446,333 (13.4%) 0.84 754
2023-06-01 $365,873 (9.9%) $442,838 (9.2%) 0.82 749
2023-07-01 $365,000 (7.4%) $443,131 (8.6%) 0.83 697
2023-08-01 $364,900 (7.4%) $440,324 (9.0%) 0.84 680
2023-09-01 $362,500 (7.6%) $439,491 (10.5%) 0.84 668
2023-10-01 $349,675 (2.9%) $673,077 (68.2%) 0.82 576
2023-11-01 $347,500 (1.3%) $432,255 (5.3%) 0.83 563
2023-12-01 $360,000 (2.9%) $441,369 (6.2%) 0.88 517
2024-01-01 $362,448 (0.7%) $447,710 (6.8%) 0.89 496
2024-02-01 $350,000 (-2.1%) $436,306 (3.4%) 0.84 541
2024-03-01 $349,900 (-2.1%) $424,105 (-0.3%) 0.82 668
2024-04-01 $344,975 (-2.8%) $415,963 (-3.4%) 0.80 743
2024-05-01 $357,450 (-3.0%) $429,395 (-3.8%) 0.81 740
2024-06-01 $370,000 (1.1%) $442,701 (0.0%) 0.83 759
IOWA CITY's median listing price for 2024-06-01 was $370,000, a difference of $4,127 (1.1%) versus the prior year and $12,550 versus the prior month.

IOWA CITY's median listing price comes in at 83% of the national average.

IOWA CITY's average listing price for 2024-06-01 was $442,701, a difference of $-137 (0.0%) versus the prior year and $13,306 versus the prior month.

For the 2024-06-01 period, IOWA CITY had 759 MLS listings, a difference of 19 listings (3%) versus the prior month and 10 listings (1%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - IOWA CITY (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 45 days 2,137 sqft
2018-02-01 40 days 2,131 sqft
2018-03-01 50 days 2,190 sqft
2018-04-01 54 days 2,202 sqft
2018-05-01 60 days 2,179 sqft
2018-06-01 63 days 2,176 sqft
2018-07-01 62 days 2,130 sqft
2018-08-01 65 days 2,106 sqft
2018-09-01 64 days 2,099 sqft
2018-10-01 69 days 2,093 sqft
2018-11-01 77 days 2,060 sqft
2018-12-01 95 days 2,089 sqft
2019-01-01 50 days 2,092 sqft
2019-02-01 42 days 2,090 sqft
2019-03-01 47 days 2,087 sqft
2019-04-01 49 days 2,047 sqft
2019-05-01 55 days 2,046 sqft
2019-06-01 60 days 2,080 sqft
2019-07-01 61 days 2,098 sqft
2019-08-01 61 days 2,088 sqft
2019-09-01 63 days 2,057 sqft
2019-10-01 65 days 2,030 sqft
2019-11-01 79 days 2,030 sqft
2019-12-01 98 days 2,021 sqft
2020-01-01 62 days 1,972 sqft
2020-02-01 40 days 1,941 sqft
2020-03-01 51 days 1,966 sqft
2020-04-01 58 days 1,984 sqft
2020-05-01 68 days 1,998 sqft
2020-06-01 73 days 2,008 sqft
2020-07-01 71 days 1,992 sqft
2020-08-01 70 days 1,988 sqft
2020-09-01 67 days 1,939 sqft
2020-10-01 68 days 1,920 sqft
2020-11-01 76 days 1,950 sqft
2020-12-01 83 days 1,891 sqft
2021-01-01 53 days 1,888 sqft
2021-02-01 39 days 1,846 sqft
2021-03-01 42 days 1,828 sqft
2021-04-01 40 days 1,842 sqft
2021-05-01 47 days 1,852 sqft
2021-06-01 49 days 1,907 sqft
2021-07-01 50 days 1,906 sqft
2021-08-01 50 days 1,868 sqft
2021-09-01 58 days 1,898 sqft
2021-10-01 53 days 1,856 sqft
2021-11-01 51 days 1,845 sqft
2021-12-01 61 days 1,809 sqft
2022-01-01 50 days 1,868 sqft
2022-02-01 47 days 1,876 sqft
2022-03-01 36 days 1,873 sqft
2022-04-01 34 days 1,870 sqft
2022-05-01 44 days 1,935 sqft
2022-06-01 48 days 1,972 sqft
2022-07-01 51 days 1,971 sqft
2022-08-01 56 days 2,005 sqft
2022-09-01 53 days 2,025 sqft
2022-10-01 59 days 2,022 sqft
2022-11-01 68 days 2,096 sqft
2022-12-01 82 days 2,093 sqft
2023-01-01 56 days 2,120 sqft
2023-02-01 40 days 2,112 sqft
2023-03-01 46 days 2,118 sqft
2023-04-01 43 days 2,108 sqft
2023-05-01 44 days 2,186 sqft
2023-06-01 50 days 2,179 sqft
2023-07-01 52 days 2,182 sqft
2023-08-01 52 days 2,177 sqft
2023-09-01 49 days 2,146 sqft
2023-10-01 54 days 2,136 sqft
2023-11-01 58 days 2,119 sqft
2023-12-01 71 days 2,131 sqft
2024-01-01 59 days 2,131 sqft
2024-02-01 46 days 2,119 sqft
2024-03-01 41 days 2,102 sqft
2024-04-01 39 days 2,063 sqft
2024-05-01 43 days 2,130 sqft
2024-06-01 43 days 2,136 sqft
IOWA CITY's median listing age (time on market) for 2024-06-01 was 43 days. This is -14% shorter than the same period one year ago.

IOWA CITY's median square footage for active listings during the 2024-06-01 period was 2,136 sqft. One year prior, the average listing was 2,179 sqft.

IOWA CITY, IA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,707 $724,545,000 $267,656
Home Improvement 514 $34,740,000 $67,588
Refi 511 $105,655,000 $206,761
Other 331 $29,195,000 $88,202
Cash Out Refi 279 $43,585,000 $156,219

Iowa City's most frequently cited loan purpose was Home Purchase, with 2,707 originations. The 2nd most popular reason was Home Improvement, with 514 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 1,656 $362,100,000 $218,659
7-8% 1,019 $127,465,000 $125,088
5-6% 749 $197,385,000 $263,531
Over 8% 596 $138,530,000 $232,433
4-5% 53 $15,065,000 $284,245
3-4% 27 $11,435,000 $423,519
<2.5% 16 $1,080,000 $67,500
2.5-3% 6 $410,000 $68,333

During 2023, Iowa City's most frequently originated rate bucket was 6-7%, with 1,656 originations.

Loan Sizing (IOWA CITY, IA MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 1,613 $74,165,000 $45,980
$200k-400k 1,305 $358,405,000 $274,640
$100k-200k 1,072 $159,160,000 $148,470
$400k-600k 237 $113,325,000 $478,165
$600k-1000k 93 $66,695,000 $717,151
$Over $1MM 22 $165,970,000 $7,544,091

IOWA CITY's loan sizing saw the bucket of loans from $100,000 or less with 1,613 originations, totaling $74,165,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,204 $338,950,000 $281,520
Under 20% 1,093 $47,915,000 $43,838
60-80% 858 $319,400,000 $372,261
20-40% 573 $61,485,000 $107,304
40-60% 337 $75,475,000 $223,961
Over 100% 12 $4,470,000 $372,500

IOWA CITY's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,204 originations, totaling $338,950,000 in origination value.