In Iowa Park, a typical home is worth $132,800 and typical rent is $938 a month. Compared with all of Wichita County, the typical home value is 14% lower, typical rent is 7% lower, and the share of households that own their home is 24 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $148,701 to $197,676.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Iowa Park is in Wichita 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 Wichita County. See the county
What this place has that others do not, from public data, most unusual first.
1
85% of households in Iowa Park own their home, against 61% in Wichita County.
2
According to Zillow, in the 12 months to September 2026 the typical home value in Iowa Park rose 7.1%; in Texas, it fell 1.4%.
3
Nearby, in Vernon, the typical home value is $87,000: 34% less than in Iowa Park ($132,800).
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
The homes here
Housing in Iowa Park
What homes there are in Iowa Park, 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
Iowa Park
Wichita County
Texas
United States
Kind of home: Iowa Park and its comparisons
Measure
Iowa Park
Wichita County
Texas
United States
Detached house
86%
72%
64%
61%
Attached house
Unreliable estimate
2%
3%
6%
Building of 2 to 4
Unreliable estimate
8%
5%
8%
Apartments (5 or more)
Unreliable estimate
15%
21%
19%
Mobile home
Unreliable estimate
4%
6%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house rules in Iowa Park: 86% of homes, more than in Wichita County (72%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Iowa Park
Wichita County
Texas
United States
Year built: Iowa Park and its comparisons
Measure
Iowa Park
Wichita County
Texas
United States
Before 1960
21%
31%
12%
26%
1960–1979
33%
32%
21%
24%
1980–1999
28%
22%
28%
25%
2000–2009
Unreliable estimate
10%
18%
14%
2010 or later
Unreliable estimate
6%
21%
11%
Homes in Iowa Park are newer: the typical year built is 1977; in Wichita County, 1972.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K30%
$100K–$200K57%
$200K–$300KUnreliable
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Iowa Park and its comparisons
Measure
Iowa Park
Under $100K
30%
$100K–$200K
57%
$200K–$300K
Unreliable estimate
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable
$750K–$1M
Unreliable
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Iowa Park and its comparisons
Measure
Iowa Park
Under $500
Unreliable estimate
$500–$999
Unreliable estimate
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,336 a month
Wichita County: $1,541 a month
Without a mortgage
$495 a month
Wichita County: $588 a month
Owners with a mortgage
50%
Wichita County: 49%
Owning costs less in Iowa Park: with a mortgage, the typical cost is $1,336 a month; in Wichita County, $1,541. Without one, $495.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Iowa Park+56%
Wichita County+54%
Texas+65%
United States+53%
Typical rent
Iowa ParkNo clear change
Wichita County+26%
Texas+34%
United States+33%
Typical household income
Iowa ParkNo clear change
Wichita County+31%
Texas+27%
United States+29%
Change since 2015–2019: Iowa Park and its comparisons
Measure
Iowa Park
Wichita County
Texas
United States
Typical home value
+56%
+54%
+65%
+53%
Typical rent
No clear change
+26%
+34%
+33%
Typical household income
No clear change
+31%
+27%
+29%
The typical home value in Iowa Park rose 56% since 2015–2019, about the same as in Wichita County (54%).
Since 2015–2019, the typical rent in Iowa Park did not change clearly, according to the Census.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Iowa Park and its comparisons
Measure
Iowa Park
Wichita County
Texas
United States
Rental vacancy
Unreliable estimate
10.8%
7.7%
5.5%
Homeowner vacancy
Unreliable estimate
1.8%
1.1%
0.9%
More than one person per room
Unreliable estimate
2.3%
4.8%
3.4%
People per household
2.33
2.41
2.69
2.53
Drive alone
82%
73%
71%
69%
Carpool
Unreliable estimate
12%
10%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
7%
2%
3%
Work from home
Unreliable estimate
6%
14%
15%
Other means
Unreliable estimate
2%
2%
2%
Typical commute
Unreliable estimate
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
By size, households in Iowa Park look like those in Wichita County: 2.33 people on average.
To get to work, 82% of workers in Iowa Park drive alone; in Wichita County, 73%.
Do the math
What would you pay each month for a home in Iowa Park?
A typical home is within reach of the typical income
We start with a typical home in Iowa Park, worth $132,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 21% of the typical household income in Iowa Park, which is $66,622 a year.
The calculator's FHA and conventional loan limits are those of all of Wichita 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 Iowa Park. 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 $4,648 (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
$1,177
at 7.18% · 30 years
Loan amount
$130,395
Total interest
$187,607
Paid off in
November 2056
Includes $2,243 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,555 a month
Your payment · 21%
Tight
$1,555 to $1,999 a month
Hard
more than $1,999 a month
Compared with the typical household income in Iowa Park ($66,622 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$883
Property tax
$179
Home insurance
$55
FHA mortgage insurance (MIP)
$59
You need at least $4,648 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 $1,177; principal and interest $883.
The city and its county
Iowa Park and Wichita County
Iowa Park is in Wichita 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 Park
Map of Wichita County, Texas, with Iowa Park marked. Around it, the neighboring counties.
Iowa Park
Wichita County
Other cities with a page
Iowa Park's own numbers
Typical home value
$132,800
Typical monthly rent
$938
Typical yearly household income
$66,622
Households that own their home
85%
Effective property tax rate
1.62%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Wichita County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,145
Price change over 5 years (FHFA)
+50%
Homes in a high flood-risk zone
4.7%
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 Wichita County.
A typical home in Iowa Park is worth $132,800: 14% below the county and 53% below Texas. With the typical household income in Iowa Park ($66,622 a year), a typical home costs 2.0 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 Park2.0 years
Wichita2.4 years
Texas3.6 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Wichita County
According to FHFA’s house price index, home prices in Wichita County rose 85% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Wichita County.
Yearly change in FHFA’s price index in Wichita County, 2016 to 2025
2016: +2.4% +2.4% 2016
2017: +2.9% +2.9% 2017
2018: +5.5% +5.5% 2018
2019: +5.3% +5.3% 2019
2020: +5.2% +5.2% 2020
2021: +14.0% +14.0% 2021
2022: +16.0% +16.0% 2022
2023: +3.6% +3.6% 2023
2024: +5.4% +5.4% 2024
2025: +4.1% +4.1% 2025
Change in FHFA’s price index in Wichita County, Texas and the United States
Period
County
Texas
U.S.
Last year (2025)
+4.1%
+0.8%
+2.9%
5 years (2020–2025)
+50%
+44%
+47%
10 years (2015–2025)
+85%
+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 Park next to Wichita 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 Park$132,800
Wichita$153,700
Texas$283,800
United States$332,700
Typical monthly rent
Iowa Park$938
Wichita$1,006
Texas$1,403
United States$1,413
Typical yearly household income
Iowa Park$66,622
Wichita$63,524
Texas$78,476
United States$80,734
See the full table
Iowa Park next to Wichita County and Texas
Measure
Iowa Park
Wichita County
Texas
U.S.
Typical home value
$132,800 ▼14% below the county
$153,700
$283,800
$332,700
Typical monthly rent
$938 ▼7% below the county
$1,006
$1,403
$1,413
Typical yearly household income
$66,622 ▲5% above the county
$63,524
$78,476
$80,734
Households that own their home
85% ▲24 points above the county
61%
63%
65%
Typical yearly property tax
$2,153 ▼15% below the county
$2,522
$4,232
$3,119
Effective property tax rate
1.62% ▼0.02 points below the county
1.64%
1.49%
0.94%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Wichita 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 Park
For a typical $132,800 home in Iowa Park, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Iowa Park's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,177a month
Least cash to close
Down payment
$4,648
Cash to close
$8,632
Rate
7.18%
Mortgage insurance
FHA MIP · $59
Conventional, 5% down$1,152a month
Down payment
$6,640
Cash to close
$10,624
Rate
7.18%
Mortgage insurance
PMI · $63
Conventional, 20% down, no PMI$954a month
Down payment
$26,560
Cash to close
$30,544
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,077a month
Down payment
$19,920
Cash to close
$23,904
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Iowa Park
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,177
$4,648
$130,395
7.18%
FHA MIP · $59
$8,632
580
Conventional, 5% down
$1,152
$6,640
$126,160
7.18%
PMI · $63
$10,624
620*
Conventional, 20% down, no PMI
$954
$26,560
$106,240
7.18%
None
$30,544
620*
ITIN, 15% down (example)
$1,077
$19,920
$112,880
8.18%
None
$23,904
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 Iowa Park is $938 a month: 7% below the county.
HUD publishes a fair market rent for all of Wichita County, by unit size. To pay the 2-bedroom one ($1,145 a month) without spending more than 30% of your income, you would need to earn $22.02 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 Wichita County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$839
$16.13
$33,560
1 bedroom
$949
$18.25
$37,960
2 bedrooms
$1,145
$22.02
$45,800
3 bedrooms
$1,542
$29.65
$61,680
4 bedrooms
$1,740
$33.46
$69,600
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 Park
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Iowa Park is in ZIP code 76367.
For 2 bedrooms it is $1,170: $25 more than the fair market rent for Wichita County ($1,145).
Fair market rent by ZIP code and size in Iowa Park, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
76367
$850
$950
$1,170
$1,590
$1,800
ZIP code2 bd3 bd
76367 $1,170$1,590
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 Park 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 Wichita 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 Iowa Park or Wichita County. The ones below are statewide in Texas: they work in Iowa Park the same as in the rest of the state.
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).
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).
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).
No legal help resource on our list is for Iowa Park or Wichita 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 Iowa Park and all of Wichita 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 Park?
The typical home value in Iowa Park is $132,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Wichita County it is $153,700.
How much does it cost to rent in Iowa Park?
Typical rent in Iowa Park is $938 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Wichita County is $1,145.
What is the FHA loan limit in Iowa Park?
Iowa Park uses the FHA limit for all of Wichita 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 Park?
The typical homeowner in Iowa Park pays $2,153 a year, according to the U.S. Census Bureau. That is 1.62% of the home’s value; in Wichita County, the rate is 1.64%.
Where can I find free help to buy or rent in Iowa Park?
We found no HUD-approved counseling agencies with an office in Wichita County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
