How much does it cost to buy a house in Lake Mills, IA?

In July 2026 Lake Mills homes were listed to buy for a median price of $202K, The median value of a home listed to buy in Lake Mills in July 2026 was $117 per sqft, which is a 4% decrease to June 2025 last month, and a 4% decrease to July 2025 last year.

Is it affordable or expensive to live in Lake Mills, IA?

It is affordable to live in Lake Mills. Buying a home in Lake Mills is 0% less expensive compared with the national average.

Is it a good time to buy property in Lake Mills, IA?

Yes now is a good time to buy property in Lake Mills, in July 2026, homes in Lake Mills have decreased in value (price per sqft) by 4% in the last year compared with July 2025.

Are home prices dropping in Lake Mills, IA?

Home price are dropping in Lake Mills, in July 2026, homes to buy in Lake Mills have decreased in median list price by 3% compared with June 2026, one month ago.

Is the Lake Mills, IA housing market slowing down?

The housing market in Lake Mills is slowing down. In July 2026, homes to buy in Lake Mills spent an median 54 days on the market, a 14% decrease from July 2025 last year.

How much money should I make to buy a house in Lake Mills, IA?

In July 2026, Lake Mills homes were listed to buy for a median price of $202K, with 25% down you would need $1.23K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $42.3K.

Is it a good time to sell my house in Lake Mills, IA?

Yes now is a good time to sell your house in Lake Mills, in July 2026, homes in Lake Mills have decreased in value (price per sqft) by 4% in the last year compared with July 2025.