Total monthly cost of ownership
Cost to Own a Home in Mount Pleasant, Iowa
A $146,000 home here costs
$1,342per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $751. The real number is $592 higher every month — 79% 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.
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 $127 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
Common questions
How much does it cost to own a home in Mount Pleasant?
A $146,000 home in Mount Pleasant, Iowa costs approximately $1,342 per month with 20% down at 6.66%. That is $751 principal and interest, $211 property tax, $64 homeowners insurance, $195 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 $1,342 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 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.