Total monthly cost of ownership
Cost to Own a Home in Asbury, Iowa
A $312,000 home here costs
$2,682per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $115,000 a year.
A standard mortgage calculator would have told you $1,728. The real number is $954 higher every month, 55% more than the payment most buyers budget for.
Compare Dubuque 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.
Asbury against Dubuque County and Iowa
| Measure | Asbury | Dubuque County |
|---|---|---|
| Median home value | $312,400 | $226,100 |
| Median property tax | $4,295 | $2,848 |
| Effective tax rate | 1.375% | 1.260% |
| Median gross rent | $1,379 | $944 |
| Population | 5,949 | 98,948 |
The weather behind that power bill
Asbury sits in Dubuque County, which averages a high of 81.5°F in its hottest month and a low of 11.1°F in its coldest, with 38.2" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 638 cooling and 7,084 heating degree days, which is what sets the $133 electricity line above.
See the full climate breakdown for Dubuque County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Dubuque County
Talk to someone who works this market
These are Asbury 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 Asbury every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Asbury I already own here and may sell
Common questions
How much does it cost to own a home in Asbury?
A $312,000 home in Asbury, Iowa costs approximately $2,682 per month with 20% down at 7.4%. That is $1,728 principal and interest, $358 property tax, $136 homeowners insurance, $201 utilities and $260 set aside for maintenance.
What is the property tax rate in Asbury?
Asbury has an effective property tax rate of 1.375%, based on a median home value of $312,400 and median real estate taxes of $4,295. That is higher than the Dubuque County average of 1.260%.
What is the average home price in Asbury?
The median owner-occupied home value in Asbury, Iowa is $312,400, against $226,100 across Dubuque County.
Is it cheaper to rent or buy in Asbury?
Median gross rent in Asbury is $1,379 a month, against $2,682 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 Asbury?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Asbury, Iowa at today's rate takes a household income of roughly $115,000 a year. That covers the full $2,682 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Asbury, 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.