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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Osage, IA Housing Affordability Index

Osage, Iowa has an MBR Housing Affordability Index score of 163.1 (Highly Affordable) as of October 30, 2026, ranking 503rd most affordable of 891 scored Iowa cities, compared with 126.4 statewide and 97.4 nationally. On a median-priced $160,700 home with 20% down, the Iowa average 30-year fixed rate of 7.17% means a monthly principal and interest payment of about $870, or 15% of the city’s $68,730 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Osage is updated every night from live Iowa mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Osage MBR-HAI 163.1 Highly Affordable
Rank in Iowa 503 of 891 1 = most affordable
Iowa 126.4 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.17% Iowa lenders
Median home value $160,700 U.S. Census Bureau

Osage is 36.7 points above the Iowa score. Scores as of October 30, 2026. See the Iowa index

View Osage Mortgage Rates

See What You Can Afford in Osage, Iowa

Use this Osage, Iowa home affordability calculator to see how much house you can afford at today’s Iowa average 30-year mortgage rate of 7.17%. A household earning the Osage median income of $68,730, with no other debts and $32,000 down, can afford a home of about $213,808, compared with a median home value of $160,700. Buying the median priced home with 20% down takes a household income of about $46,900 once property tax and insurance are counted.

Osage median (Census)
Car, student loan, card minimums
Under 20% adds PMI
Iowa average, 30-year fixed
Osage median bill (Census)
Estimate; use your quote
You can afford a home up to
$213,808
At or above the Osage median home value of $160,700
Loan amount$181,808
Principal & interest$1,230/mo
Property tax$208/mo
Home insurance$89/mo
PMI$76/mo
Total monthly payment$1,604/mo
Compare Osage Mortgage Rates

How much house can you afford in Osage?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Osage, property taxes run about 1.17% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $3,531 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Osage

$870/mo
Principal & Interest
Median home, 20% down, 7.17%
$37,300
Income Needed
To keep principal and interest at 28% of income
$68,730
Median Household Income
Iowa: $75,059
2.3x
Price-to-Income Ratio
Iowa: 2.8x
$761/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,884/yr
Median Property Tax
1.17% of median value
6.6%
Owner Cost Burden
Owners spending 30%+ of income on housing
32.2%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Osage, Iowa. The rate is the Iowa average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Osage Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Osage, Iowa score: 163.1 (Highly Affordable), ranked 503 of 891 Iowa cities. monitorbankrates.com/housing-affordability-index/iowa/osage”