Total monthly cost of ownership
Cost to Own a Home in Osceola, Iowa
A $145,000 home here costs
$1,327per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $745. The real number is $581 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.
Osceola against Clarke County and Iowa
| Measure | Osceola | Clarke County |
|---|---|---|
| Median home value | $145,300 | $160,200 |
| Median property tax | $2,429 | $2,335 |
| Effective tax rate | 1.672% | 1.458% |
| Median gross rent | $832 | $836 |
| Population | 5,495 | 9,690 |
The weather behind that power bill
Osceola sits in Clarke County, which averages a high of 86.5°F in its hottest month and a low of 11.4°F in its coldest, with 38.74" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 945 cooling and 6,442 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Clarke County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clarke County
No other places of this size are published in Clarke County.
Common questions
How much does it cost to own a home in Osceola?
A $145,000 home in Osceola, Iowa costs approximately $1,327 per month with 20% down at 6.66%. That is $745 principal and interest, $202 property tax, $63 homeowners insurance, $195 utilities and $121 set aside for maintenance.
What is the property tax rate in Osceola?
Osceola has an effective property tax rate of 1.672%, based on a median home value of $145,300 and median real estate taxes of $2,429. That is higher than the Clarke County average of 1.458%.
What is the average home price in Osceola?
The median owner-occupied home value in Osceola, Iowa is $145,300, against $160,200 across Clarke County.
Is it cheaper to rent or buy in Osceola?
Median gross rent in Osceola is $832 a month, against $1,327 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 Osceola — 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.