Total monthly cost of ownership
Cost to Own a Home in Adel, Iowa
A $321,000 home here costs
$2,695per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $115,500 a year.
A standard mortgage calculator would have told you $1,750. The real number is $945 higher every month, 54% more than the payment most buyers budget for.
Compare Dallas County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Adel against Dallas County and Iowa
| Measure | Adel | Dallas County |
|---|---|---|
| Median home value | $320,500 | $333,400 |
| Median property tax | $3,925 | $4,849 |
| Effective tax rate | 1.225% | 1.454% |
| Median gross rent | $842 | $1,239 |
| Population | 6,259 | 104,136 |
The weather behind that power bill
Adel sits in Dallas County, which averages a high of 85.4°F in its hottest month and a low of 10.2°F in its coldest, with 36.12" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 895 cooling and 6,740 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Dallas County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Dallas County
Talk to someone who works this market
These are Adel averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Adel every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Adel?
A $321,000 home in Adel, Iowa costs approximately $2,695 per month with 20% down at 7.24%. That is $1,750 principal and interest, $328 property tax, $140 homeowners insurance, $210 utilities and $268 set aside for maintenance.
What is the property tax rate in Adel?
Adel has an effective property tax rate of 1.225%, based on a median home value of $320,500 and median real estate taxes of $3,925. That is lower than the Dallas County average of 1.454%.
What is the average home price in Adel?
The median owner-occupied home value in Adel, Iowa is $320,500, against $333,400 across Dallas County.
Is it cheaper to rent or buy in Adel?
Median gross rent in Adel is $842 a month, against $2,695 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Adel?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Adel, Iowa at today's rate takes a household income of roughly $115,500 a year. That covers the full $2,695 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Adel, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Iowa.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.