The median home in Lake City, Iowa is valued at $138,406, up 6.4% year over year. Lake City is part of the Carroll, IA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$138,406

+6.4%

Prices rising — worse for buyers.

Affordability

Enter your income for Lake City.

Income (annual)

Down Payment

$27,681 on $138,406

Example: $75,000 household income. Change it above to see your own.

Affordable16.5% of income

Under the 28% guideline.

PITI$1,031

P/I16.5%

Afford$235K

Room+$97K

P&I $700Tax $181Ins $150

6.50% 30yr, 20% down, county tax + IA ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Iowa

Compare Lake City with other housing markets across Iowa.

West Okoboji$794K Orleans$629K Wahpeton$550K Shueyville$525K Cumming$508K Panora$474K Honey Creek$441K Ackworth$437K

Full Carroll, IA analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Carroll, IA metro.

View Carroll, IA metro

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Lake City, IA