Home Affordability in Ottumwa, IA on $50k
At a modeled 28% PITI-to-income target, your estimated affordable home price is about $176,789. Compared with the median home price of $92,400, that’s within reach. This scenario lines up with an income level below the local median household benchmark.
Cost-of-living tier: moderate
What drives the budget here?
This area is generally mid-range based on a cost-of-living index of 100 (U.S. average = 100).
In the site’s estimated monthly breakdown, the largest category is Homeownership (principal + interest) (940.944/mo), so that’s the biggest lever for moving the overall budget up or down.
Practical next steps
- In this area, the modeled rent target is reachable at (or below) the local median income level.
Estimated affordable home price
$176,789 (28% housing-cost-to-income, 20% down, 30-year)
Down payment: $35,358
Monthly P&I + tax + insurance: $1,176.663/mo
Comparison to Ottumwa median
Median home price in Ottumwa: $92,400
Verdict: Within reach
Gap: Median is $84,389 below your estimated affordable price.