Total monthly cost of ownership
Cost to Own a Home in Leon, Iowa
A $80,000 home here costs
$878per 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 $37,500 a year.
A standard mortgage calculator would have told you $436. The real number is $442 higher every month, 101% more than the payment most buyers budget for.
Compare Decatur County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Leon from a five-year rolling sample, and with about 1,795 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 Decatur 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.
Leon against Decatur County and Iowa
| Measure | Leon | Decatur County |
|---|---|---|
| Median home value | $79,600 | $109,500 |
| Median property tax | $1,562 | $1,856 |
| Effective tax rate | 1.962% | 1.695% |
| Median gross rent | $542 | $663 |
| Population | 1,795 | 7,669 |
The weather behind that power bill
Leon sits in Decatur County, which averages a high of 85.4°F in its hottest month and a low of 15.6°F in its coldest, with 37.38" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 1,038 cooling and 5,895 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Decatur County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Decatur County
Talk to someone who works this market
These are Leon 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 Leon every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Leon?
A $80,000 home in Leon, Iowa costs approximately $878 per month with 20% down at 7.24%. That is $436 principal and interest, $131 property tax, $35 homeowners insurance, $210 utilities and $67 set aside for maintenance.
What is the property tax rate in Leon?
Leon has an effective property tax rate of 1.962%, based on a median home value of $79,600 and median real estate taxes of $1,562. That is higher than the Decatur County average of 1.695%.
What is the average home price in Leon?
The median owner-occupied home value in Leon, Iowa is $79,600, against $109,500 across Decatur County.
Is it cheaper to rent or buy in Leon?
Median gross rent in Leon is $542 a month, against $878 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 Leon?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Leon, Iowa at today's rate takes a household income of roughly $37,500 a year. That covers the full $878 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Leon, 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.