Total monthly cost of ownership
Cost to Own a Home in Eagle Grove, Iowa
A $95,000 home here costs
$941per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $488. The real number is $453 higher every month — 93% 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.
Eagle Grove against Wright County and Iowa
| Measure | Eagle Grove | Wright County |
|---|---|---|
| Median home value | $95,100 | $109,800 |
| Median property tax | $1,645 | $1,695 |
| Effective tax rate | 1.730% | 1.544% |
| Median gross rent | $991 | $788 |
| Population | 3,588 | 12,817 |
The weather behind that power bill
Eagle Grove sits in Wright County, which averages a high of 85.0°F in its hottest month and a low of 6.2°F in its coldest, with 34.27" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 804 cooling and 7,309 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Wright County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wright County
Common questions
How much does it cost to own a home in Eagle Grove?
A $95,000 home in Eagle Grove, Iowa costs approximately $941 per month with 20% down at 6.66%. That is $488 principal and interest, $137 property tax, $41 homeowners insurance, $195 utilities and $79 set aside for maintenance.
What is the property tax rate in Eagle Grove?
Eagle Grove has an effective property tax rate of 1.730%, based on a median home value of $95,100 and median real estate taxes of $1,645. That is higher than the Wright County average of 1.544%.
What is the average home price in Eagle Grove?
The median owner-occupied home value in Eagle Grove, Iowa is $95,100, against $109,800 across Wright County.
Is it cheaper to rent or buy in Eagle Grove?
Median gross rent in Eagle Grove is $991 a month, against $941 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Eagle Grove — 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.