Mortgage Rates in Ida Grove, Iowa — March 2026
Updated March 2026 | Based on Ida Grove market data and regional lending conditions
Ida Grove is a smaller Iowa community of 49,355 where home prices remain well below the national median, making homeownership more attainable. The current 30-year fixed rate here is 6.88% (0.23% above the national average). At a median home price of $197,500, the estimated $1,321/month payment (with 20% down) is affordable on the local median income of $63,000.
Current Mortgage Rates in Ida Grove, IA
Below are the current average mortgage rates available in the Ida Grove area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.88% | 6.65% | +0.23% |
| 15-Year Fixed | 6.1% | 5.89% | +0.21% |
| 5/1 ARM | 6.33% | 6.15% | +0.18% |
| FHA | 6.57% | 6.25% | +0.32% |
| VA | 6.32% | 6.05% | +0.27% |
| Jumbo | 7.13% | 6.85% | +0.28% |
Ida Grove Housing Market Overview
At $197,500, Ida Grove offers more affordable housing than most U.S. metros. The local cost of living index is 94.4 (100 = national average), and the median household income of $63,000 provides comfortable purchasing power in this market.
Monthly Payment Breakdown for Ida Grove
Based on the median home price of $197,500 with 20% down ($39,500), here is what you can expect to pay monthly in Ida Grove:
15-Year vs. 30-Year Mortgage in Ida Grove
Choosing a 15-year mortgage in Ida Grove at 6.1% instead of a 30-year at 6.88% would save you $132,120 in total interest over the life of the loan. However, your monthly payment would be $1,342 instead of $1,038 — an increase of $304 per month.
Calculate Your Ida Grove Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Ida Grove
What are the current mortgage rates in Ida Grove, IA?
As of March 2026, the average 30-year fixed mortgage rate in Ida Grove, Iowa is 6.88%, while the 15-year fixed rate is 6.1%. FHA loans average 6.57% and VA loans 6.32%. These rates are 0.23% above the national average of 6.65%.
How much is a monthly mortgage payment in Ida Grove?
Based on the median home price of $197,500 with 20% down, the estimated monthly mortgage payment in Ida Grove is $1,038 for principal and interest. Including property taxes of $283/month, the total monthly housing cost is approximately $1,321.
What income do I need to buy a home in Ida Grove?
Using the 28% rule, you would need an annual income of approximately $56,614 to afford the median-priced home in Ida Grove at $197,500. The median household income in Ida Grove is $63,000. The median income is currently sufficient to meet this threshold.
Is Ida Grove a good place to buy a home in 2026?
Ida Grove offers a below-average cost of living with a cost of living index of 94.4 (national average = 100). The property tax rate in Iowa is 1.72%, which is above the national average. Ida Grove has a population of 49,355 and offers a very affordable lifestyle.
Mortgage Rates in Other Iowa Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Ida Grove, Iowa area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.