Total monthly cost of ownership
Cost to Own a Home in Akron, Iowa
A $145,000 home here costs
$1,286per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $745. The real number is $541 higher every month — 73% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Akron against Plymouth County and Iowa
| Measure | Akron | Plymouth County |
|---|---|---|
| Median home value | $145,300 | $218,600 |
| Median property tax | $1,946 | $2,363 |
| Effective tax rate | 1.339% | 1.081% |
| Median gross rent | $700 | $865 |
| Population | 1,660 | 25,699 |
The weather behind that power bill
Akron sits in Plymouth County, which averages a high of 84.5°F in its hottest month and a low of 7.4°F in its coldest, with 29.99" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 756 cooling and 7,312 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Plymouth County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Plymouth County
Common questions
How much does it cost to own a home in Akron?
A $145,000 home in Akron, Iowa costs approximately $1,286 per month with 20% down at 6.66%. That is $745 principal and interest, $162 property tax, $63 homeowners insurance, $195 utilities and $121 set aside for maintenance.
What is the property tax rate in Akron?
Akron has an effective property tax rate of 1.339%, based on a median home value of $145,300 and median real estate taxes of $1,946. That is higher than the Plymouth County average of 1.081%.
What is the average home price in Akron?
The median owner-occupied home value in Akron, Iowa is $145,300, against $218,600 across Plymouth County.
Is it cheaper to rent or buy in Akron?
Median gross rent in Akron is $700 a month, against $1,286 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Akron — 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.