Mortgage Calculator & Closing Costs: Sioux City, IA
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Sioux City, Iowa.
Median Home Price
$165K
Population
86K
Avg Monthly Rent
$850
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 Sioux City.
Sioux City vs Iowa Median
The median home price in Sioux City is $165,000, which is 21% below the Iowa state median of $210,000.
Mortgage Calculator — Sioux City, IA
Pre-filled with Sioux City median home price and Iowa tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $165K home using Iowa's 1.52% tax rate and $1,800/yr insurance.
5% Down
$1,441/mo
Down: $8,250
Loan: $157K
P&I: $991
Tax: $209
Insurance: $150
PMI: $91
10% Down
$1,384/mo
Down: $16,500
Loan: $149K
P&I: $939
Tax: $209
Insurance: $150
PMI: $87
20% Down (No PMI)
$1,193/mo
Down: $33,000
Loan: $132K
P&I: $834
Tax: $209
Insurance: $150
Income needed (28% rule): $51K/year with 20% down, $59K/year with 10% down.
Rent vs Buy in Sioux City
Rent
$850/mo
vs
Buy (10% down)
$1,384/mo
Price-to-rent ratio: 16.2 — A ratio between 15-20 means the rent vs buy decision in Sioux City depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Sioux City is $165,000, 21% below the Iowa state median of $210,000. With a population of 85,797, Sioux City is a smaller market where home prices tend to be more accessible than in many parts of Iowa.
Property taxes in Iowa average 1.52% annually. This higher-than-average tax rate means a $165,000 home in Sioux City would carry roughly $209/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 Sioux City is $850/month. The price-to-rent ratio in Sioux City is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Sioux City offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Iowa's IFA FirstHome program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Sioux City.