Compare Sioux City, IA mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Sioux City.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Sioux City. Plus, shopping lenders is free and there is no obligation.
August 16, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Sioux City. Understand how much you need to earn to afford a home in Sioux City, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Sioux City fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Sioux City is right for you.
The median home value for Sioux City, IA (Woodbury County) is $156,833
Based on current mortgage rates and a 10% down payment, you need to make $25,696 per year to buy the median priced home in Sioux City
With this income, you could qualify for a $141,150 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Sioux City is $595
The median household income for Sioux City, IA (Woodbury County) is $63,712
Based on this income, you can afford a home valued at approximately $388,853
The home price you can afford to buy based on household income in Sioux City is 248% of the median home value which means housing prices are affordable. Sioux City (Woodbury County) ranks 68 out of 99 counties in Iowa and 852 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Sioux City, IA is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Sioux City (Woodbury County) below.
Conforming loan limits for Sioux City, IA
FHA loan limits for Sioux City, IA
VA loan limits for Sioux City, IA