Total monthly cost of ownership
Cost to Own a Home in Eldora, Iowa
A $109,000 home here costs
$1,137per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $48,500 a year.
A standard mortgage calculator would have told you $594. The real number is $542 higher every month, 91% more than the payment most buyers budget for.
Compare Hardin County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Eldora from a five-year rolling sample, and with about 2,622 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Hardin County figures are drawn from a far larger sample if you want a steadier number.
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 $142 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
Talk to someone who works this market
These are Eldora averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Eldora every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Eldora I already own here and may sell
Common questions
How much does it cost to own a home in Eldora?
A $109,000 home in Eldora, Iowa costs approximately $1,137 per month with 20% down at 7.24%. That is $594 principal and interest, $194 property tax, $47 homeowners insurance, $210 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 $1,137 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Eldora?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Eldora, Iowa at today's rate takes a household income of roughly $48,500 a year. That covers the full $1,137 monthly cost, not just the mortgage payment.
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.