Total monthly cost of ownership
Cost to Own a Home in Greenfield, Iowa
A $116,000 home here costs
$1,102per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $596. The real number is $505 higher every month — 85% 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.
Greenfield against Adair County and Iowa
| Measure | Greenfield | Adair County |
|---|---|---|
| Median home value | $115,700 | $140,600 |
| Median property tax | $1,952 | $1,858 |
| Effective tax rate | 1.687% | 1.321% |
| Median gross rent | $600 | $730 |
| Population | 1,826 | 7,471 |
The weather behind that power bill
Greenfield sits in Adair County, which averages a high of 84.3°F in its hottest month and a low of 10.8°F in its coldest, with 36.53" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 867 cooling and 6,628 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Adair County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Adair County
No other places of this size are published in Adair County.
Common questions
How much does it cost to own a home in Greenfield?
A $116,000 home in Greenfield, Iowa costs approximately $1,102 per month with 20% down at 6.66%. That is $596 principal and interest, $163 property tax, $50 homeowners insurance, $195 utilities and $97 set aside for maintenance.
What is the property tax rate in Greenfield?
Greenfield has an effective property tax rate of 1.687%, based on a median home value of $115,700 and median real estate taxes of $1,952. That is higher than the Adair County average of 1.321%.
What is the average home price in Greenfield?
The median owner-occupied home value in Greenfield, Iowa is $115,700, against $140,600 across Adair County.
Is it cheaper to rent or buy in Greenfield?
Median gross rent in Greenfield is $600 a month, against $1,102 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 Greenfield — 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.