According to data from ClosingCorp, the average closing cost in Iowa is $2,194 after taxes, or approximately 1.1% to 2.19% of the final home sale price.
Closing cost stats in Iowa
Across the state, the average home sells for between $100,000 and $200,000. If you buy a property in that range, expect to pay between $1,097 and $4,388 in closing costs after taxes.
|Average home sale price||$100,000 to $200,000|
|Average total closing cost||$2,194|
|Expected closing cost range||$1,097 to $4,388|
|Percentage of closing cost to home sale price||1.1% to 2.19%|
How much does tax affect the closing cost?
Buyers and sellers in Iowa pay an average of $240 in tax combined for the closing. This accounts for 10.94% of the total average closing cost in Iowa.
|Average tax paid||$240|
|Percentage of total closing cost||10.94%|
Compare mortgage lenders and brokersCompare top brands by home loan type, state availability and credit score. Select See rates to provide the lender with basic property and financial details for personalized rates.
How do closing costs in Iowa compare nationally?
The closing costs for buying a home in Iowa are
below the national average
after accounting for taxes. It’s 2nd
in our rankings which rates states from lowest to highest closing cost.
|Average total closing cost in Iowa||Ranking*|
*Ranked from lowest to highest of the 50 states plus Washington DC
Closing costs are inevitable when you're buying or selling a property. The exact amount will vary depending on where the property is located in Iowa.
To save on your home loan, consider comparing the fees and rates of top lenders before signing.
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