Total monthly cost of ownership
Cost to Own a Home in Larchwood, Iowa
A $190,000 home here costs
$1,561per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $977. The real number is $584 higher every month — 60% 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.
Larchwood against Lyon County and Iowa
| Measure | Larchwood | Lyon County |
|---|---|---|
| Median home value | $189,700 | $215,600 |
| Median property tax | $1,772 | $1,983 |
| Effective tax rate | 0.934% | 0.920% |
| Median gross rent | $854 | $802 |
| Population | 1,076 | 12,087 |
The weather behind that power bill
Larchwood sits in Lyon County, which averages a high of 84.7°F in its hottest month and a low of 6.1°F in its coldest, with 29.27" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 753 cooling and 7,624 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Lyon County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lyon County
Common questions
How much does it cost to own a home in Larchwood?
A $190,000 home in Larchwood, Iowa costs approximately $1,561 per month with 20% down at 6.66%. That is $977 principal and interest, $148 property tax, $83 homeowners insurance, $195 utilities and $158 set aside for maintenance.
What is the property tax rate in Larchwood?
Larchwood has an effective property tax rate of 0.934%, based on a median home value of $189,700 and median real estate taxes of $1,772. That is higher than the Lyon County average of 0.920%.
What is the average home price in Larchwood?
The median owner-occupied home value in Larchwood, Iowa is $189,700, against $215,600 across Lyon County.
Is it cheaper to rent or buy in Larchwood?
Median gross rent in Larchwood is $854 a month, against $1,561 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 Larchwood — 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.