Total monthly cost of ownership
Cost to Own a Home in Clinton, Iowa
A $115,000 home here costs
$1,113per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $591. The real number is $522 higher every month — 88% 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.
Clinton against Clinton County and Iowa
| Measure | Clinton | Clinton County |
|---|---|---|
| Median home value | $115,400 | $153,800 |
| Median property tax | $2,177 | $2,382 |
| Effective tax rate | 1.886% | 1.549% |
| Median gross rent | $751 | $825 |
| Population | 24,425 | 46,383 |
The weather behind that power bill
Clinton sits in Clinton County, which averages a high of 83.8°F in its hottest month and a low of 14.0°F in its coldest, with 36.17" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 879 cooling and 6,326 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Clinton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clinton County
Common questions
How much does it cost to own a home in Clinton?
A $115,000 home in Clinton, Iowa costs approximately $1,113 per month with 20% down at 6.66%. That is $591 principal and interest, $181 property tax, $50 homeowners insurance, $195 utilities and $96 set aside for maintenance.
What is the property tax rate in Clinton?
Clinton has an effective property tax rate of 1.886%, based on a median home value of $115,400 and median real estate taxes of $2,177. That is higher than the Clinton County average of 1.549%.
What is the average home price in Clinton?
The median owner-occupied home value in Clinton, Iowa is $115,400, against $153,800 across Clinton County.
Is it cheaper to rent or buy in Clinton?
Median gross rent in Clinton is $751 a month, against $1,113 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 Clinton — 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.