Total monthly cost of ownership
Cost to Own a Home in Maquoketa, Iowa
A $127,000 home here costs
$1,199per 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 $51,500 a year.
A standard mortgage calculator would have told you $692. The real number is $507 higher every month, 73% more than the payment most buyers budget for.
Compare Clinton County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Maquoketa against Clinton County and Iowa
| Measure | Maquoketa | Clinton County |
|---|---|---|
| Median home value | $126,800 | $153,800 |
| Median property tax | $1,627 | $2,382 |
| Effective tax rate | 1.283% | 1.549% |
| Median gross rent | $745 | $825 |
| Population | 6,105 | 46,383 |
Maquoketa extends across 2 counties. Figures here use Clinton County, where most of its housing sits.
The weather behind that power bill
Maquoketa sits in Clinton County, which averages a high of 83.8°F in its hottest month and a low of 14.0°F in its coldest, with 36.17" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 879 cooling and 6,326 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Clinton County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clinton County
Talk to someone who works this market
These are Maquoketa 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 Maquoketa every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Maquoketa I already own here and may sell
Common questions
How much does it cost to own a home in Maquoketa?
A $127,000 home in Maquoketa, Iowa costs approximately $1,199 per month with 20% down at 7.24%. That is $692 principal and interest, $136 property tax, $55 homeowners insurance, $210 utilities and $106 set aside for maintenance.
What is the property tax rate in Maquoketa?
Maquoketa has an effective property tax rate of 1.283%, based on a median home value of $126,800 and median real estate taxes of $1,627. That is lower than the Clinton County average of 1.549%.
What is the average home price in Maquoketa?
The median owner-occupied home value in Maquoketa, Iowa is $126,800, against $153,800 across Clinton County.
Is it cheaper to rent or buy in Maquoketa?
Median gross rent in Maquoketa is $745 a month, against $1,199 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 Maquoketa?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Maquoketa, Iowa at today's rate takes a household income of roughly $51,500 a year. That covers the full $1,199 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Maquoketa, 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.