Total monthly cost of ownership
Cost to Own a Home in Eddyville, Iowa
A $107,000 home here costs
$1,014per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $550. The real number is $464 higher every month — 84% 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.
Eddyville against Wapello County and Iowa
| Measure | Eddyville | Wapello County |
|---|---|---|
| Median home value | $107,300 | $112,900 |
| Median property tax | $1,606 | $1,854 |
| Effective tax rate | 1.497% | 1.642% |
| Median gross rent | $887 | $950 |
| Population | 1,085 | 35,265 |
Eddyville extends across 3 counties. Figures here use Wapello County, where most of its housing sits.
The weather behind that power bill
Eddyville sits in Wapello County, which averages a high of 85.7°F in its hottest month and a low of 13.8°F in its coldest, with 36.97" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 985 cooling and 6,145 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Wapello County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wapello County
Common questions
How much does it cost to own a home in Eddyville?
A $107,000 home in Eddyville, Iowa costs approximately $1,014 per month with 20% down at 6.66%. That is $550 principal and interest, $133 property tax, $47 homeowners insurance, $195 utilities and $89 set aside for maintenance.
What is the property tax rate in Eddyville?
Eddyville has an effective property tax rate of 1.497%, based on a median home value of $107,300 and median real estate taxes of $1,606. That is lower than the Wapello County average of 1.642%.
What is the average home price in Eddyville?
The median owner-occupied home value in Eddyville, Iowa is $107,300, against $112,900 across Wapello County.
Is it cheaper to rent or buy in Eddyville?
Median gross rent in Eddyville is $887 a month, against $1,014 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 Eddyville — 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.