Total monthly cost of ownership
Cost to Own a Home in Greene, Iowa
A $125,000 home here costs
$1,230per 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 $52,500 a year.
A standard mortgage calculator would have told you $681. The real number is $548 higher every month, 80% more than the payment most buyers budget for.
Compare Floyd County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Greene from a five-year rolling sample, and with about 1,390 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 Floyd 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.
Greene against Floyd County and Iowa
| Measure | Greene | Floyd County |
|---|---|---|
| Median home value | $125,200 | $133,300 |
| Median property tax | $2,160 | $1,854 |
| Effective tax rate | 1.725% | 1.391% |
| Median gross rent | $898 | $672 |
| Population | 1,390 | 15,502 |
Greene extends across 2 counties. Figures here use Floyd County, where most of its housing sits.
The weather behind that power bill
Greene sits in Floyd County, which averages a high of 82.0°F in its hottest month and a low of 8.6°F in its coldest, with 37.72" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 652 cooling and 7,356 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Floyd County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Floyd County
Talk to someone who works this market
These are Greene 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 Greene every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Greene I already own here and may sell
Common questions
How much does it cost to own a home in Greene?
A $125,000 home in Greene, Iowa costs approximately $1,230 per month with 20% down at 7.24%. That is $681 principal and interest, $180 property tax, $54 homeowners insurance, $210 utilities and $104 set aside for maintenance.
What is the property tax rate in Greene?
Greene has an effective property tax rate of 1.725%, based on a median home value of $125,200 and median real estate taxes of $2,160. That is higher than the Floyd County average of 1.391%.
What is the average home price in Greene?
The median owner-occupied home value in Greene, Iowa is $125,200, against $133,300 across Floyd County.
Is it cheaper to rent or buy in Greene?
Median gross rent in Greene is $898 a month, against $1,230 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 Greene?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Greene, Iowa at today's rate takes a household income of roughly $52,500 a year. That covers the full $1,230 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Greene, 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.