Iowa City, IA — income, home value, property tax, and sales tax.
In ZIP 52241, near Iowa City, homes carry a median value of $298,900 while households earn a median of $69,243. At the county's 1.52% effective property tax rate, the annual bill on such a home runs roughly $4,543, or about 6.6% of median household income — a meaningful slice of earnings. Per-capita income sits at $47,061. A 7.00% combined sales tax adds further cost to everyday purchases. Together these figures sketch a market where buying a home demands solid income, since property taxes alone claim a noticeable share of what households bring in each year.
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