The median home in Lake Mills, Iowa is valued at $159,827, up 8.7% year over year. Lake Mills is part of the Mason City, IA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Mason City, IA stress score, crash risk, and 12-month forecast →

Home Value$159,827

+8.7%

AFFORDABILITY

Enter your income for Lake Mills.

Income (annual)

Down Payment

$31,965 on $159,827

Affordable — 18.7% of income

Under the 28% guideline.

PITI$1,167

P/I18.7%

Afford$240K

Room+$80K

P&I $808Tax $209Ins $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 Mills 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 Mason City, IA analysis

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

View Mason City, IA metro →

LAKE MILLS, IA