Total monthly cost of ownership
Cost to Own a Home in Mitchellville, Iowa
A $190,000 home here costs
$1,657per 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 $680 higher every month — 70% 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.
Mitchellville against Polk County and Iowa
| Measure | Mitchellville | Polk County |
|---|---|---|
| Median home value | $190,200 | $248,400 |
| Median property tax | $2,930 | $4,364 |
| Effective tax rate | 1.540% | 1.757% |
| Median gross rent | $773 | $1,113 |
| Population | 2,557 | 497,441 |
Mitchellville extends across 2 counties. Figures here use Polk County, where most of its housing sits.
The weather behind that power bill
Mitchellville sits in Polk County, which averages a high of 85.7°F in its hottest month and a low of 11.7°F in its coldest, with 37.05" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 958 cooling and 6,547 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Polk County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Polk County
Common questions
How much does it cost to own a home in Mitchellville?
A $190,000 home in Mitchellville, Iowa costs approximately $1,657 per month with 20% down at 6.66%. That is $977 principal and interest, $244 property tax, $83 homeowners insurance, $195 utilities and $158 set aside for maintenance.
What is the property tax rate in Mitchellville?
Mitchellville has an effective property tax rate of 1.540%, based on a median home value of $190,200 and median real estate taxes of $2,930. That is lower than the Polk County average of 1.757%.
What is the average home price in Mitchellville?
The median owner-occupied home value in Mitchellville, Iowa is $190,200, against $248,400 across Polk County.
Is it cheaper to rent or buy in Mitchellville?
Median gross rent in Mitchellville is $773 a month, against $1,657 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 Mitchellville — 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.