Mortgage payment estimates, closing cost breakdowns, and homebuying data for Ankeny, Iowa.
Median Home Price
$315K
Population
72K
Avg Monthly Rent
$1,250
Property Tax Rate
1.52% *
* Property tax shown is the Iowa state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Ankeny.
Ankeny vs Iowa Median
The median home price in Ankeny is $315,000, which is 50% above the Iowa state median of $210,000.
Mortgage Calculator — Ankeny, IA
Pre-filled with Ankeny median home price and Iowa tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $315K home using Iowa's 1.52% tax rate and $1,800/yr insurance.
5% Down
$2,615/mo
Down: $15,750
Loan: $299K
P&I: $1,891
Tax: $399
Insurance: $150
PMI: $175
10% Down
$2,506/mo
Down: $31,500
Loan: $284K
P&I: $1,792
Tax: $399
Insurance: $150
PMI: $165
20% Down (No PMI)
$2,142/mo
Down: $63,000
Loan: $252K
P&I: $1,593
Tax: $399
Insurance: $150
Income needed (28% rule): $92K/year with 20% down, $107K/year with 10% down.
Rent vs Buy in Ankeny
Rent
$1,250/mo
vs
Buy (10% down)
$2,506/mo
Price-to-rent ratio: 21.0 — At a ratio above 20, renting may be more economical in Ankeny for shorter stays. Buying costs $1,256 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Ankeny is $315,000, 50% above the Iowa state median of $210,000. With a population of 71,687, Ankeny is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Iowa average 1.52% annually. This higher-than-average tax rate means a $315,000 home in Ankeny would carry roughly $399/month in property taxes alone — plan accordingly. Homeowners insurance in Iowa runs approximately $1,800 per year. This is within the normal range nationally.
Average rent in Ankeny is $1,250/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Ankeny presents moderate affordability. The $315K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Ankeny.