Total monthly cost of ownership
Cost to Own a Home in Mount Pleasant, Iowa
A $146,000 home here costs
$1,403per 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 $60,000 a year.
A standard mortgage calculator would have told you $796. The real number is $607 higher every month, 76% more than the payment most buyers budget for.
Compare Henry 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.
Mount Pleasant against Henry County and Iowa
| Measure | Mount Pleasant | Henry County |
|---|---|---|
| Median home value | $145,600 | $148,600 |
| Median property tax | $2,530 | $2,394 |
| Effective tax rate | 1.738% | 1.611% |
| Median gross rent | $773 | $770 |
| Population | 9,093 | 20,228 |
The weather behind that power bill
Mount Pleasant sits in Henry County, which averages a high of 84.8°F in its hottest month and a low of 12.5°F in its coldest, with 38.45" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 815 cooling and 6,381 heating degree days, which is what sets the $142 electricity line above.
See the full climate breakdown for Henry County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Henry County
Talk to someone who works this market
These are Mount Pleasant 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 Mount Pleasant every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Mount Pleasant I already own here and may sell
Common questions
How much does it cost to own a home in Mount Pleasant?
A $146,000 home in Mount Pleasant, Iowa costs approximately $1,403 per month with 20% down at 7.24%. That is $796 principal and interest, $211 property tax, $64 homeowners insurance, $210 utilities and $122 set aside for maintenance.
What is the property tax rate in Mount Pleasant?
Mount Pleasant has an effective property tax rate of 1.738%, based on a median home value of $145,600 and median real estate taxes of $2,530. That is higher than the Henry County average of 1.611%.
What is the average home price in Mount Pleasant?
The median owner-occupied home value in Mount Pleasant, Iowa is $145,600, against $148,600 across Henry County.
Is it cheaper to rent or buy in Mount Pleasant?
Median gross rent in Mount Pleasant is $773 a month, against $1,403 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 Mount Pleasant?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Mount Pleasant, Iowa at today's rate takes a household income of roughly $60,000 a year. That covers the full $1,403 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Mount Pleasant, 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.