Total monthly cost of ownership
Cost to Own a Home in Corydon, Iowa
A $89,000 home here costs
$887per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $458. The real number is $429 higher every month — 94% 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.
Corydon against Wayne County and Iowa
| Measure | Corydon | Wayne County |
|---|---|---|
| Median home value | $88,800 | $102,300 |
| Median property tax | $1,452 | $1,377 |
| Effective tax rate | 1.635% | 1.346% |
| Median gross rent | $738 | $660 |
| Population | 1,566 | 6,518 |
The weather behind that power bill
Corydon sits in Wayne County, which averages a high of 84.8°F in its hottest month and a low of 12.8°F in its coldest, with 40.41" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 874 cooling and 6,363 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Wayne County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wayne County
No other places of this size are published in Wayne County.
Common questions
How much does it cost to own a home in Corydon?
A $89,000 home in Corydon, Iowa costs approximately $887 per month with 20% down at 6.66%. That is $458 principal and interest, $121 property tax, $39 homeowners insurance, $195 utilities and $74 set aside for maintenance.
What is the property tax rate in Corydon?
Corydon has an effective property tax rate of 1.635%, based on a median home value of $88,800 and median real estate taxes of $1,452. That is higher than the Wayne County average of 1.346%.
What is the average home price in Corydon?
The median owner-occupied home value in Corydon, Iowa is $88,800, against $102,300 across Wayne County.
Is it cheaper to rent or buy in Corydon?
Median gross rent in Corydon is $738 a month, against $887 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 Corydon — 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.