In Mount Pleasant, a typical home is worth $160,900 and typical rent is $826 a month. Compared with all of Henry County, typical household income is 9% lower and the share of households that own their home is 10 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $164,644 to $196,421.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Mount Pleasant is in Henry County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Henry County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Fort Madison, the typical home value is $94,200: 41% less than in Mount Pleasant ($160,900).
2
64% of households in Mount Pleasant own their home, against 74% in Henry County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Mount Pleasant
What homes there are in Mount Pleasant, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Mount Pleasant
Henry County
Iowa
United States
Kind of home: Mount Pleasant and its comparisons
Measure
Mount Pleasant
Henry County
Iowa
United States
Detached house
68%
78%
72%
61%
Attached house
4%
3%
5%
6%
Building of 2 to 4
12%
8%
6%
8%
Apartments (5 or more)
Unreliable estimate
Unreliable estimate
14%
19%
Mobile home
Unreliable estimate
5%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Mount Pleasant, 7 in 10 homes are single-family detached houses; in Henry County, 8.
Year built
Before 19601960–19791980–19992000–20092010 or later
Mount Pleasant
Henry County
Iowa
United States
Year built: Mount Pleasant and its comparisons
Measure
Mount Pleasant
Henry County
Iowa
United States
Before 1960
36%
41%
38%
26%
1960–1979
30%
27%
24%
24%
1980–1999
20%
17%
17%
25%
2000–2009
5%
7%
11%
14%
2010 or later
8%
8%
11%
11%
In Mount Pleasant, half of the homes were built before 1970; in Henry County, before 1968.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K19%
$100K–$200K46%
$200K–$300K23%
$300K–$500K11%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Mount Pleasant and its comparisons
Measure
Mount Pleasant
Under $100K
19%
$100K–$200K
46%
$200K–$300K
23%
$300K–$500K
11%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
The FHA limit for Henry County is high ($541,287): at least 99% of owner-occupied homes in Mount Pleasant are worth less than $500,000.
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99958%
$1,000–$1,49925%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Mount Pleasant and its comparisons
Measure
Mount Pleasant
Under $500
Unreliable estimate
$500–$999
58%
$1,000–$1,499
25%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable estimate
With a mortgage
$1,319 a month
Henry County: $1,315 a month
Without a mortgage
$585 a month
Henry County: $585 a month
Owners with a mortgage
54%
Henry County: 54%
Owning costs about the same in Mount Pleasant as in Henry County: with a mortgage, $1,319 a month; without one, $585.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Mount Pleasant+38%
Henry County+42%
Iowa+41%
United States+53%
Typical rent
Mount Pleasant+20%
Henry County+18%
Iowa+23%
United States+33%
Typical household income
Mount Pleasant+19%
Henry County+26%
Iowa+24%
United States+29%
Change since 2015–2019: Mount Pleasant and its comparisons
Measure
Mount Pleasant
Henry County
Iowa
United States
Typical home value
+38%
+42%
+41%
+53%
Typical rent
+20%
+18%
+23%
+33%
Typical household income
+19%
+26%
+24%
+29%
From 2015–2019 to 2020–2024, the typical home value in Mount Pleasant rose 38%; in Henry County, it rose 42%.
Rents in Mount Pleasant rose at about the same pace as in Henry County: 20% since 2015–2019, against 18%.
While home values in Mount Pleasant changed +38% and rent +20%, the typical household income rose 19%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Mount Pleasant and its comparisons
Measure
Mount Pleasant
Henry County
Iowa
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
5.7%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
Unreliable estimate
1.6%
3.4%
People per household
2.23
2.40
2.36
2.53
Drive alone
81%
82%
76%
69%
Carpool
10%
9%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
2%
3%
3%
Work from home
7%
7%
11%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
under 10 minutes
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
Fewer people live in each home here: 2.23 on average, against 2.40 in Henry County.
In Mount Pleasant, 81% of workers drive alone to work; in Henry County, 82%.
Do the math
What would you pay each month for a home in Mount Pleasant?
A typical home is tight for the typical income
We start with a typical home in Mount Pleasant, worth $160,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 28% of the typical household income in Mount Pleasant, which is $61,042 a year. For that payment to be 28% of income, a household would need to earn about $61,502 a year.
The calculator's FHA and conventional loan limits are those of all of Henry County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Mount Pleasant. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $5,632 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,435
at 7.18% · 30 years
Loan amount
$157,985
Total interest
$227,304
Paid off in
November 2056
Includes $2,717 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,424 a month
Tight
$1,424 to $1,831 a month
Your payment · 28%
Hard
more than $1,831 a month
Compared with the typical household income in Mount Pleasant ($61,042 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,070
Property tax
$227
Home insurance
$67
FHA mortgage insurance (MIP)
$71
You need at least $5,632 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,435; principal and interest $1,070.
The city and its county
Mount Pleasant and Henry County
Mount Pleasant is in Henry County, Iowa. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Mount Pleasant
Map of Henry County, Iowa, with Mount Pleasant marked. Around it, the neighboring counties.
Mount Pleasant
Henry County
Other cities with a page
Mount Pleasant's own numbers
Typical home value
$160,900
Typical monthly rent
$826
Typical yearly household income
$61,042
Households that own their home
64%
Effective property tax rate
1.69%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Henry County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$958
Price change over 5 years (FHFA)
+30%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Henry County.
A typical home in Mount Pleasant is worth $160,900: 2% below the county and 23% below Iowa. With the typical household income in Mount Pleasant ($61,042 a year), a typical home costs 2.6 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Mount Pleasant2.6 years
Henry2.4 years
Iowa2.8 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Henry County
According to FHFA’s house price index, home prices in Henry County rose 52% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Henry County.
Yearly change in FHFA’s price index in Henry County, 2016 to 2025
2016: +4.3% +4.3% 2016
2017: +4.6% +4.6% 2017
2018: +3.1% +3.1% 2018
2019: +0.3% +0.3% 2019
2020: +3.0% +3.0% 2020
2021: +7.0% +7.0% 2021
2022: +2.6% +2.6% 2022
2023: +14.7% +14.7% 2023
2024: +6.6% +6.6% 2024
2025: −2.9% −2.9% 2025
Change in FHFA’s price index in Henry County, Iowa and the United States
Period
County
Iowa
U.S.
Last year (2025)
−2.9%
+3.2%
+2.9%
5 years (2020–2025)
+30%
+41%
+47%
10 years (2015–2025)
+52%
+65%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Mount Pleasant next to Henry County, Iowa and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Mount Pleasant$160,900
Henry$164,300
Iowa$208,000
United States$332,700
Typical monthly rent
Mount Pleasant$826
Henry$820
Iowa$972
United States$1,413
Typical yearly household income
Mount Pleasant$61,042
Henry$67,436
Iowa$75,059
United States$80,734
See the full table
Mount Pleasant next to Henry County and Iowa
Measure
Mount Pleasant
Henry County
Iowa
U.S.
Typical home value
$160,900 ▼2% below the county
$164,300
$208,000
$332,700
Typical monthly rent
$826
$820
$972
$1,413
Typical yearly household income
$61,042 ▼9% below the county
$67,436
$75,059
$80,734
Households that own their home
64% ▼10 points below the county
74%
72%
65%
Typical yearly property tax
$2,721 ▲6% above the county
$2,559
$2,897
$3,119
Effective property tax rate
1.69% ▲0.13 points above the county
1.56%
1.39%
0.94%
Renters with high rent for their income
42% ▲3 points above the county
39%
44%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Henry County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Mount Pleasant
For a typical $160,900 home in Mount Pleasant, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Mount Pleasant's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,435a month
Least cash to close
Down payment
$5,632
Cash to close
$10,459
Rate
7.18%
Mortgage insurance
FHA MIP · $71
Conventional, 5% down$1,406a month
Down payment
$8,045
Cash to close
$12,872
Rate
7.18%
Mortgage insurance
PMI · $76
Conventional, 20% down, no PMI$1,166a month
Down payment
$32,180
Cash to close
$37,007
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,314a month
Down payment
$24,135
Cash to close
$28,962
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Mount Pleasant
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,435
$5,632
$157,986
7.18%
FHA MIP · $71
$10,459
580
Conventional, 5% down
$1,406
$8,045
$152,855
7.18%
PMI · $76
$12,872
620*
Conventional, 20% down, no PMI
$1,166
$32,180
$128,720
7.18%
None
$37,007
620*
ITIN, 15% down (example)
$1,314
$24,135
$136,765
8.18%
None
$28,962
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Mount Pleasant is $826 a month: about the same as the county. In Mount Pleasant, 42% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Henry County, by unit size. To pay the 2-bedroom one ($958 a month) without spending more than 30% of your income, you would need to earn $18.42 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Henry County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$667
$12.83
$26,680
1 bedroom
$732
$14.08
$29,280
2 bedrooms
$958
$18.42
$38,320
3 bedrooms
$1,259
$24.21
$50,360
4 bedrooms
$1,264
$24.31
$50,560
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Mount Pleasant
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Mount Pleasant is in ZIP code 52641.
For 2 bedrooms it is $980: $22 more than the fair market rent for Henry County ($958).
Fair market rent by ZIP code and size in Mount Pleasant, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
52641
$740
$750
$980
$1,290
$1,300
ZIP code2 bd3 bd
52641 $980$1,290
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Mount Pleasant when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Henry County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Mount Pleasant or Henry County. The ones below are statewide in Iowa: they work in Mount Pleasant the same as in the rest of the state.
With the Iowa state authority's FirstHome mortgage, a first-time buyer can get a second loan of up to 3% of the price (maximum $10,000) or up to 5% (maximum $15,000), with no monthly payments, repaid when you sell, refinance or pay off the mortgage.Offered by Iowa Finance Authority (IFA).
Iowa state authority second loan, with the Homes for Iowans mortgage, of up to 3% of the price (maximum $10,000) or 5% (maximum $15,000) for the down payment and closing costs; no monthly payments, and for any buyer.Offered by Iowa Finance Authority (IFA).
The HUD-approved agencies closest to the center of Mount Pleasant, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
No legal help resource on our list is for Mount Pleasant or Henry County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Mount Pleasant and all of Henry County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Mount Pleasant?
The typical home value in Mount Pleasant is $160,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Henry County it is $164,300.
How much does it cost to rent in Mount Pleasant?
Typical rent in Mount Pleasant is $826 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Henry County is $958.
What is the FHA loan limit in Mount Pleasant?
Mount Pleasant uses the FHA limit for all of Henry County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Mount Pleasant?
The typical homeowner in Mount Pleasant pays $2,721 a year, according to the U.S. Census Bureau. That is 1.69% of the home’s value; in Henry County, the rate is 1.56%.
Where can I find free help to buy or rent in Mount Pleasant?
We found no HUD-approved counseling agencies with an office in Henry County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
