Homestead, IA housing market
The typical Homestead home is worth about $306,000, up 6.5% in a year, 28% above the Iowa typical home.
Home values, sales, trends and how Homestead compares with the towns next door — updated as new data is published.
Homestead at a glance
Typical home value, 2017–2026
Show as a table
| January | Homestead | Iowa |
|---|---|---|
| 2018 | $176,000 | $152,000 |
| 2019 | $184,000 | $159,000 |
| 2020 | $197,000 | $167,000 |
| 2021 | $215,000 | $179,000 |
| 2022 | $237,000 | $195,000 |
| 2023 | $261,000 | $211,000 |
| 2024 | $265,000 | $218,000 |
| 2025 | $284,000 | $228,000 |
| 2026 | $297,000 | $236,000 |
| August 2026 | $306,000 | $240,000 |
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,000
HUD's Fair Market Rent for a two-bedroom in Homestead is $1,000 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $740 · 4 bedrooms $1,680
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (52236; Iowa City, IA HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.