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City · 12,891 residents · Brazoria County, Texas

Iowa Colony , Texas

In Iowa Colony, a typical home is worth $405,700. Compared with all of Brazoria County, typical household income is 47% higher, the typical home value is 35% higher, and the share of households that own their home is 22 points higher.

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  • Typical home value

    $405,700

    35% above the county

    43% above Texas

    • Iowa Colony
    • Brazoria
    • Texas

  • Typical household income

    $144,092a year

    47% above the county

    84% above Texas

    • Iowa Colony
    • Brazoria
    • Texas

  • Households that own their home

    96%

    22 points above the county

    34 points above Texas

    • Iowa Colony
    • Brazoria
    • Texas

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$333,583
4.2% less than 12 months ago
Typical rent
$2,445 a month
1.3% less than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Iowa Colony is in Brazoria 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 Brazoria County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Iowa Colony apart

What this place has that others do not, from public data, most unusual first.

  1. Iowa Colony has the 9th highest homeownership rate of the 426 cities in Texas with more than 5,000 people (96%).

  2. The typical household income in Iowa Colony is $144,092, 47% more than in Brazoria County as a whole ($97,993).

  3. Nearby, in Fresno, the typical home value is $243,500: 40% less than in Iowa Colony ($405,700).

  4. The typical home in Iowa Colony is worth $405,700, 35% more than in Brazoria County as a whole ($301,600).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Iowa Colony

What homes there are in Iowa Colony, 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 houses, standing on their own, make up 94% of homes here, against 73% in Brazoria County.

Year built

Here half of the homes date from 2015 or later; in Brazoria County, from 1996 or later.

In Iowa Colony, 97% of homes have 3 bedrooms or more, more than in Brazoria County (74%).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,951 a month

Brazoria County: $2,331 a month

Without a mortgage

$966 a month

Brazoria County: $732 a month

Owners with a mortgage

86%

Brazoria County: 61%

In Iowa Colony, 86% of owners have a mortgage, and their typical cost is $2,951 a month, against $2,331 in Brazoria County. Without one it drops to $966.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Iowa Colony gained value more slowly than in Brazoria County: 44% since 2015–2019, against 53%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureIowa ColonyBrazoria CountyTexasUnited States
Rental vacancy Unreliable estimate12.0%7.7%5.5%
Homeowner vacancy Unreliable estimate1.1%1.1%0.9%
More than one person per room Unreliable estimate3.0%4.8%3.4%
People per household 3.092.822.692.53
Drive alone 78%80%71%69%
Carpool Unreliable estimate8%10%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 18%11%14%15%
Other means Unreliable estimate1%2%2%
Typical commute Unreliable estimate30 to 39 minutes20 to 29 minutes20 to 29 minutes

Households in Iowa Colony are bigger: 3.09 people on average; in Brazoria County, 2.82.

Working from home is more common in Iowa Colony: 18%, against 11% in Brazoria County.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Iowa Colony?

A typical home is tight for the typical income

We start with a typical home in Iowa Colony, worth $405,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 32% of the typical household income in Iowa Colony, which is $144,092 a year. For that payment to be 28% of income, a household would need to earn about $163,768 a year.

The calculator's FHA and conventional loan limits are those of all of Brazoria County.

Your numbers

Local data
$

Starts at the typical home value in Iowa Colony. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $14,200 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,821

at 7.18% · 30 years

Loan amount
$398,351
Total interest
$573,134
Paid off in
November 2056

Includes $6,851 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,362 a month

  • Tight

    $3,362 to $4,323 a month

    Your payment · 32%

  • Hard

    more than $4,323 a month

Compared with the typical household income in Iowa Colony ($144,092 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,821
Principal & interest$2,699
Property tax$774
Home insurance$169
FHA mortgage insurance (MIP)$179

You need at least $14,200 for the down payment, plus closing costs.

Next step

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.

The city and its county

Iowa Colony and Brazoria County

Iowa Colony is in Brazoria County, Texas. 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).

Iowa Colony's own numbers

Typical home value
$405,700
Typical yearly household income
$144,092
Households that own their home
96%
Effective property tax rate
2.29%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Brazoria County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,319
Price change over 5 years (FHFA)
+38%
Homes in a high flood-risk zone
22%

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 Brazoria County.

Everything about Brazoria County

Buying

Buying a home in Iowa Colony

A typical home in Iowa Colony is worth $405,700: 35% above the county and 43% above Texas. With the typical household income in Iowa Colony ($144,092 a year), a typical home costs 2.8 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.

  • Iowa Colony 2.8 years
  • Brazoria 3.1 years
  • Texas 3.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Brazoria County

According to FHFA’s house price index, home prices in Brazoria County rose 79% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Brazoria County.

Period County Texas U.S.
Last year (2025) +1.4% +0.8% +2.9%
5 years (2020–2025) +38% +44% +47%
10 years (2015–2025) +79% +88% +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

Iowa Colony next to Brazoria County, Texas and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Iowa Colony $405,700
  • Brazoria $301,600
  • Texas $283,800
  • United States $332,700
Typical yearly household income
  • Iowa Colony $144,092
  • Brazoria $97,993
  • Texas $78,476
  • United States $80,734
See the full table
Iowa Colony next to Brazoria County and Texas
Measure Iowa Colony Brazoria County Texas U.S.
Typical home value $405,700 $301,600 $283,800 $332,700
Typical yearly household income $144,092 $97,993 $78,476 $80,734
Households that own their home 96% 74% 63% 65%
Typical yearly property tax $9,281 $5,001 $4,232 $3,119
Effective property tax rate 2.29% 1.66% 1.49% 0.94%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Brazoria 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 Iowa Colony

For a typical $405,700 home in Iowa Colony, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Iowa Colony's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,821a month

    Least cash to close
    Down payment
    $14,200
    Cash to close
    $26,371
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $179

  • Conventional, 5% down $3,747a month

    Down payment
    $20,285
    Cash to close
    $32,456
    Rate
    7.18%
    Mortgage insurance
    PMI · $193

  • Conventional, 20% down, no PMI $3,142a month

    Down payment
    $81,140
    Cash to close
    $93,311
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,517a month

    Down payment
    $60,855
    Cash to close
    $73,026
    Rate
    8.18%
    Mortgage insurance
    None

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.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Iowa Colony and for Brazoria County.

Property tax

Effective rate in Iowa Colony

2.29%of the home’s value each year

$9,281 a year for the typical owner in Iowa Colony.

  • Iowa Colony 2.29%
  • Brazoria 1.66%
  • Texas 1.49%

What Texas publishes School-district homestead exemption (Texas Comptroller of Public Accounts)

Exemptions and deadlines in Texas

Flood risk in Brazoria County

FEMA does not publish these numbers by city: they are for all of Brazoria County.

Homes in the high-risk zone
22%
26,528
Of those, with NFIP insurance
43%
County Texas U.S.
Homes in the high-risk zone 22% 4.1% 3.5%
Of those, with NFIP insurance 43% 48% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Iowa Colony

The Census Bureau publishes no typical rent for Iowa Colony. Below are the fair market rents for Brazoria County.

HUD publishes a fair market rent for all of Brazoria County, by unit size. To pay the 2-bedroom one ($1,319 a month) without spending more than 30% of your income, you would need to earn $25.37 an hour working full time.

HUD fair market rent for all of Brazoria County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,021 $19.63 $40,840
1 bedroom $1,212 $23.31 $48,480
2 bedrooms $1,319 $25.37 $52,760
3 bedrooms $1,790 $34.42 $71,600
4 bedrooms $2,205 $42.40 $88,200

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 Iowa Colony

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Iowa Colony is in ZIP code 77583.

For 2 bedrooms it is $1,400: $81 more than the fair market rent for Brazoria County ($1,319).

  • 77583 $1,400$1,900

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Iowa Colony 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 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Iowa Colony

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 Brazoria County. The nearest ones are below; many serve by phone or online.

A man listens closely, seated at a meeting table.

HUD counseling is free or low-cost

Assistance programs in Iowa Colony

No down payment, repair or rent-help program on our list is for Iowa Colony or Brazoria County. The ones below are statewide in Texas: they work in Iowa Colony the same as in the rest of the state.

Which programs do I qualify for? All programs in Texas

  • My First Texas Home

    Statewide in Texas

    Texas state program for first-time buyers: a 30-year mortgage with down payment assistance. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    DeferredForgivable

    See the program Official page

  • My Choice Texas Home

    Statewide in Texas

    Texas state program with down payment assistance for any buyer, not only first-time buyers. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    DeferredForgivable

    See the program Official page

  • Texas Mortgage Credit Certificate (MCC)

    Statewide in Texas

    Limited funds remain, per the source

    Texas state certificate that turns part of your mortgage interest into a credit on your federal tax return. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    Tax credit

    See the program Official page

Housing counselors near Iowa Colony

The HUD-approved agencies closest to the center of Iowa Colony, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Money Management International - Houston Call Center

    12603 Southwest Fwy Ste 450, Stafford · 17 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (866) 232-9080

  • Money Management International Inc.

    12603 Southwest Fwy, Stafford · 17 miles away · Spanish

    Also serves in other languages.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (866) 232-9080

  • Houston Area Urban League - Branch Office

    5260 Griggs Road, Houston · 18 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (713) 393-8700

All counseling agencies in Texas

Help in Spanish near Iowa Colony

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Iowa Colony

HUD’s record names them for Iowa Colony or Brazoria County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Brazoria County Housing Authority, TX Section 8 vouchers (979) 864-1427

All housing agencies in Texas Source: HUD

Cities

Other cities in Brazoria County

These cities are also in Brazoria County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Brazoria County Housing in Texas

Nearby cities

The cities closest to Iowa Colony, with the typical home value.

Neighboring counties

If Brazoria County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Iowa Colony.

All guides
Two girls write and draw together at the living-room table.

Questions

Housing questions about Iowa Colony

Short answers with the numbers for Iowa Colony and all of Brazoria 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 Iowa Colony?

The typical home value in Iowa Colony is $405,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Brazoria County it is $301,600.

What is the FHA loan limit in Iowa Colony?

Iowa Colony uses the FHA limit for all of Brazoria 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 Iowa Colony?

The typical homeowner in Iowa Colony pays $9,281 a year, according to the U.S. Census Bureau. That is 2.29% of the home’s value; in Brazoria County, the rate is 1.66%.

Where can I find free help to buy or rent in Iowa Colony?

We found no HUD-approved counseling agencies with an office in Brazoria County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).