Total monthly cost of ownership
Cost to Own a Home in Coralville, Iowa
A $286,000 home here costs
$2,536per month, all in, with 20% down at today's 7.32% 30-year fixed rate. By the 28% rule that takes a household income of about $108,500 a year.
A standard mortgage calculator would have told you $1,572. The real number is $965 higher every month, 61% more than the payment most buyers budget for.
Compare Johnson 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.
Coralville against Johnson County and Iowa
| Measure | Coralville | Johnson County |
|---|---|---|
| Median home value | $286,000 | $293,100 |
| Median property tax | $4,703 | $4,587 |
| Effective tax rate | 1.644% | 1.565% |
| Median gross rent | $1,021 | $1,104 |
| Population | 22,846 | 154,881 |
The weather behind that power bill
Coralville sits in Johnson County, which averages a high of 85.8°F in its hottest month and a low of 14.6°F in its coldest, with 35.68" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 1,045 cooling and 6,114 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Johnson County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Johnson County
Talk to someone who works this market
These are Coralville 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 Coralville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Coralville I already own here and may sell
Common questions
How much does it cost to own a home in Coralville?
A $286,000 home in Coralville, Iowa costs approximately $2,536 per month with 20% down at 7.32%. That is $1,572 principal and interest, $392 property tax, $124 homeowners insurance, $210 utilities and $238 set aside for maintenance.
What is the property tax rate in Coralville?
Coralville has an effective property tax rate of 1.644%, based on a median home value of $286,000 and median real estate taxes of $4,703. That is higher than the Johnson County average of 1.565%.
What is the average home price in Coralville?
The median owner-occupied home value in Coralville, Iowa is $286,000, against $293,100 across Johnson County.
Is it cheaper to rent or buy in Coralville?
Median gross rent in Coralville is $1,021 a month, against $2,536 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 Coralville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Coralville, Iowa at today's rate takes a household income of roughly $108,500 a year. That covers the full $2,536 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Coralville, 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.