Total monthly cost of ownership
Cost to Own a Home in Peosta, Iowa
A $305,000 home here costs
$2,585per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $111,000 a year.
A standard mortgage calculator would have told you $1,689. The real number is $895 higher every month, 53% more than the payment most buyers budget for.
Compare Dubuque County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Peosta from a five-year rolling sample, and with about 1,922 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Dubuque County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Peosta against Dubuque County and Iowa
| Measure | Peosta | Dubuque County |
|---|---|---|
| Median home value | $304,600 | $226,100 |
| Median property tax | $3,683 | $2,848 |
| Effective tax rate | 1.209% | 1.260% |
| Median gross rent | $1,031 | $944 |
| Population | 1,922 | 98,948 |
The weather behind that power bill
Peosta sits in Dubuque County, which averages a high of 81.5°F in its hottest month and a low of 11.1°F in its coldest, with 38.2" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 638 cooling and 7,084 heating degree days, which is what sets the $133 electricity line above.
See the full climate breakdown for Dubuque County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Dubuque County
Talk to someone who works this market
These are Peosta 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 Peosta every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Peosta I already own here and may sell
Common questions
How much does it cost to own a home in Peosta?
A $305,000 home in Peosta, Iowa costs approximately $2,585 per month with 20% down at 7.4%. That is $1,689 principal and interest, $307 property tax, $133 homeowners insurance, $201 utilities and $254 set aside for maintenance.
What is the property tax rate in Peosta?
Peosta has an effective property tax rate of 1.209%, based on a median home value of $304,600 and median real estate taxes of $3,683. That is lower than the Dubuque County average of 1.260%.
What is the average home price in Peosta?
The median owner-occupied home value in Peosta, Iowa is $304,600, against $226,100 across Dubuque County.
Is it cheaper to rent or buy in Peosta?
Median gross rent in Peosta is $1,031 a month, against $2,585 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 Peosta?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Peosta, Iowa at today's rate takes a household income of roughly $111,000 a year. That covers the full $2,585 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Peosta, 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.