House Prices

House Prices & Home Values Shannon City, IA 2026


Average Data

average house price$231,667
average size per house1678 ft²
average price per ft²139 $ / ft²

05/23/2026 - The value range (VR) for house prices in Shannon City, IA is $138/ sqft to $138/ sqft. An average home with 1678 sqft costs approximately $231,564 to $231,564. Shannon City, IA includes 1 ZIP codes and it is located in Union county. The lowest prices are found in ZIP 50861, while the highest are in ZIP 50861. The average price per sqare feet is $139. Our analysis is based on 3 property listings.

Avergage prices by ZIP codes Shannon City

50861137 $ / ft²




Historical development of home values in Shannon City

Year Estimated value (USD) Change vs. 2025
2010 $107,590 -53.6%
2011 $103,430 -55.4%
2012 $103,151 -55.5%
2013 $107,007 -53.8%
2014 $112,328 -51.5%
2015 $118,093 -49.0%
2016 $124,256 -46.4%
2017 $130,962 -43.5%
2018 $138,203 -40.3%
2019 $144,611 -37.6%
2020 $152,086 -34.4%
2021 $172,982 -25.3%
2022 $201,658 -13.0%
2023 $212,658 -8.2%
2024 $224,960 -2.9%
2025 $231,667 0.0%

Graph: estimated home values in Shannon City over time (USD)



Example: 100% financing house in Shannon City

Loan amount: $231,667

Interest rate: 6.00%

Fixed monthly payment: $1,388.96

Breakdown in the 1st month:
Interest portion: $1,158.34  –  Principal portion: $230.63

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $13,822.63 $2,844.90 $228,822.10
2 $13,647.16 $3,020.36 $225,801.74
3 $13,460.87 $3,206.65 $222,595.08
4 $13,263.09 $3,404.43 $219,190.65
5 $13,053.12 $3,614.41 $215,576.24
6 $12,830.19 $3,837.34 $211,738.90
7 $12,593.51 $4,074.02 $207,664.88
8 $12,342.23 $4,325.30 $203,339.58
9 $12,075.46 $4,592.07 $198,747.51
10 $11,792.23 $4,875.30 $193,872.21
11 $11,491.53 $5,176.00 $188,696.21
12 $11,172.29 $5,495.24 $183,200.97
13 $10,833.35 $5,834.18 $177,366.79
14 $10,473.51 $6,194.02 $171,172.78
15 $10,091.48 $6,576.05 $164,596.73
16 $9,685.88 $6,981.65 $157,615.08
17 $9,255.27 $7,412.26 $150,202.82
18 $8,798.10 $7,869.43 $142,333.39
19 $8,312.73 $8,354.80 $133,978.59
20 $7,797.42 $8,870.11 $125,108.49
21 $7,250.33 $9,417.19 $115,691.29
22 $6,669.50 $9,998.03 $105,693.27
23 $6,052.85 $10,614.68 $95,078.59
24 $5,398.16 $11,269.37 $83,809.21
25 $4,703.09 $11,964.44 $71,844.77
26 $3,965.15 $12,702.38 $59,142.39
27 $3,181.69 $13,485.84 $45,656.55
28 $2,349.91 $14,317.62 $31,338.93
29 $1,466.83 $15,200.69 $16,138.24
30 $529.29 $16,138.24 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Shannon City, IA


1500 sqft3900 sqft
Ø selling price$252,286$536,679
Ø fast selling$229,351$483,012
Ø high price sale$275,220$590,347

In 2026, houses in Shannon City, IA will be offered at an average price of $139 per square foot. A 1,500 sqft home priced at $252,286 is 22.70% more expensive per square foot than a 3,900 sqft home priced at $536,679. Home prices in Shannon City, IA vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $371,548. Sellers who can wait longer may achieve a higher price of up to $454,114.


Discover Shannon City, IA

Overview

Shannon City, IA is a small rural community in southwest Iowa known for quiet streets, friendly neighbors, and timeless small-town charm.
The town reflects classic Midwestern values, with a pace of life that rewards simplicity, connection, and authenticity.
Visitors and residents appreciate open skies, agricultural heritage, and convenient access to essential services in nearby towns.

Living and Lifestyle

In Shannon City, Iowa, the cost of living is typically lower than in larger cities, appealing to homebuyers, retirees, and remote workers.
Local events and volunteer projects showcase strong community spirit and create welcoming opportunities to meet new friends.
Outdoor lovers find plenty of things to do in Shannon City, from scenic country drives to nearby parks, lakes, hunting spots, and cycling routes.
Small businesses and family farms anchor the local economy, offering authentic rural Midwest experiences and fresh, locally sourced goods.

Real Estate and Access

Shannon City real estate ranges from cozy single-family homes to acreage properties, often with room for gardens, workshops, or hobby livestock.
The town?s location provides straightforward drives to larger hubs for groceries, healthcare, schools, and employment, making daily life convenient yet peaceful.
Whether you plan a weekend visit or a move, Shannon City, IA delivers wide-open spaces, community pride, and an inviting quality of life.



FAQ – Home Values in Shannon City

What is the median home value in Shannon City in 2026?

In 2026, the typical home value in Shannon City is about $231,667 for an average home size of 1678 square feet. This corresponds to an average price of roughly $139 per square foot.

What is the average cost per square foot in Shannon City?

In 2026, homes in Shannon City sell for an average of around $139 per square foot, with a typical range between $138 and $138 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Shannon City is about 1678 square feet, with an estimated 2026 value around $231,667.



Locations close to Shannon City, IA

Sharpsburg, IA55 $ / ft²
Tingley, IA53 $ / ft²
Villisca, IA108 $ / ft²
Redding, IA57 $ / ft²
Prescott, IA83 $ / ft²
Orient, IA82 $ / ft²
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