Total monthly cost of ownership
Cost to Own a Home in Dike, Iowa
A $236,000 home here costs
$2,000per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,213. The real number is $787 higher every month — 65% 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.
Dike against Grundy County and Iowa
| Measure | Dike | Grundy County |
|---|---|---|
| Median home value | $235,900 | $180,500 |
| Median property tax | $3,508 | $1,929 |
| Effective tax rate | 1.487% | 1.069% |
| Median gross rent | $708 | $777 |
| Population | 1,258 | 12,352 |
The weather behind that power bill
Dike sits in Grundy County, which averages a high of 82.9°F in its hottest month and a low of 8.7°F in its coldest, with 36.82" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 730 cooling and 7,227 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Grundy County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Grundy County
Common questions
How much does it cost to own a home in Dike?
A $236,000 home in Dike, Iowa costs approximately $2,000 per month with 20% down at 6.66%. That is $1,213 principal and interest, $292 property tax, $103 homeowners insurance, $195 utilities and $197 set aside for maintenance.
What is the property tax rate in Dike?
Dike has an effective property tax rate of 1.487%, based on a median home value of $235,900 and median real estate taxes of $3,508. That is higher than the Grundy County average of 1.069%.
What is the average home price in Dike?
The median owner-occupied home value in Dike, Iowa is $235,900, against $180,500 across Grundy County.
Is it cheaper to rent or buy in Dike?
Median gross rent in Dike is $708 a month, against $2,000 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 Dike — 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.