Total monthly cost of ownership
Cost to Own a Home in Eldora, Iowa
A $109,000 home here costs
$1,088per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $560. The real number is $528 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.
Eldora against Hardin County and Iowa
| Measure | Eldora | Hardin County |
|---|---|---|
| Median home value | $108,800 | $113,000 |
| Median property tax | $2,327 | $1,613 |
| Effective tax rate | 2.139% | 1.427% |
| Median gross rent | $735 | $814 |
| Population | 2,622 | 16,729 |
The weather behind that power bill
Eldora sits in Hardin County, which averages a high of 83.5°F in its hottest month and a low of 8.4°F in its coldest, with 37.85" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 727 cooling and 7,269 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Hardin County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hardin County
Common questions
How much does it cost to own a home in Eldora?
A $109,000 home in Eldora, Iowa costs approximately $1,088 per month with 20% down at 6.66%. That is $560 principal and interest, $194 property tax, $47 homeowners insurance, $195 utilities and $91 set aside for maintenance.
What is the property tax rate in Eldora?
Eldora has an effective property tax rate of 2.139%, based on a median home value of $108,800 and median real estate taxes of $2,327. That is higher than the Hardin County average of 1.427%.
What is the average home price in Eldora?
The median owner-occupied home value in Eldora, Iowa is $108,800, against $113,000 across Hardin County.
Is it cheaper to rent or buy in Eldora?
Median gross rent in Eldora is $735 a month, against $1,088 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 Eldora — 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.