Total monthly cost of ownership
Cost to Own a Home in Manly, Iowa
A $111,000 home here costs
$1,015per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $571. The real number is $445 higher every month — 78% 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.
Manly against Worth County and Iowa
| Measure | Manly | Worth County |
|---|---|---|
| Median home value | $110,900 | $142,300 |
| Median property tax | $1,303 | $1,530 |
| Effective tax rate | 1.175% | 1.075% |
| Median gross rent | $701 | $703 |
| Population | 1,288 | 7,380 |
The weather behind that power bill
Manly sits in Worth County, which averages a high of 78.6°F in its hottest month and a low of 3.8°F in its coldest, with 35.47" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 392 cooling and 8,378 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Worth County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Worth County
Common questions
How much does it cost to own a home in Manly?
A $111,000 home in Manly, Iowa costs approximately $1,015 per month with 20% down at 6.66%. That is $571 principal and interest, $109 property tax, $48 homeowners insurance, $195 utilities and $93 set aside for maintenance.
What is the property tax rate in Manly?
Manly has an effective property tax rate of 1.175%, based on a median home value of $110,900 and median real estate taxes of $1,303. That is higher than the Worth County average of 1.075%.
What is the average home price in Manly?
The median owner-occupied home value in Manly, Iowa is $110,900, against $142,300 across Worth County.
Is it cheaper to rent or buy in Manly?
Median gross rent in Manly is $701 a month, against $1,015 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 Manly — 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.