Total monthly cost of ownership
Cost to Own a Home in Keokuk, Iowa
A $94,000 home here costs
$938per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $483. The real number is $455 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.
Keokuk against Lee County and Iowa
| Measure | Keokuk | Lee County |
|---|---|---|
| Median home value | $93,700 | $123,600 |
| Median property tax | $1,684 | $1,855 |
| Effective tax rate | 1.797% | 1.501% |
| Median gross rent | $810 | $814 |
| Population | 9,748 | 33,175 |
The weather behind that power bill
Keokuk sits in Lee County, which averages a high of 86.4°F in its hottest month and a low of 15.3°F in its coldest, with 39.23" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 1,088 cooling and 5,910 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Lee County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lee County
Common questions
How much does it cost to own a home in Keokuk?
A $94,000 home in Keokuk, Iowa costs approximately $938 per month with 20% down at 6.66%. That is $483 principal and interest, $141 property tax, $41 homeowners insurance, $195 utilities and $78 set aside for maintenance.
What is the property tax rate in Keokuk?
Keokuk has an effective property tax rate of 1.797%, based on a median home value of $93,700 and median real estate taxes of $1,684. That is higher than the Lee County average of 1.501%.
What is the average home price in Keokuk?
The median owner-occupied home value in Keokuk, Iowa is $93,700, against $123,600 across Lee County.
Is it cheaper to rent or buy in Keokuk?
Median gross rent in Keokuk is $810 a month, against $938 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 Keokuk — 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.