Wapello County, Iowa Housing Market
In Wapello County, Iowa, the median home value is $125,100, with a median monthly rent of $920. This places Wapello County at #2546 nationally out of 3134 counties by median home value, and #80 within Iowa.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,051
- Establishments: 800
- BLS QCEW, 2025
Housing Supply
- Single-family: 10
- Multi-family: 32
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 13,553 (avg $62,132)
- Outflow: 12,825 (avg $63,294)
- IRS Statistics of Income
🔗 Explore Wapello County on Our Sister Sites
Get the complete picture for Wapello County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Wapello County Compares
| Metric | Wapello County | Iowa Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $125,100 | $171,037 | $227,706 |
| Median Gross Rent | $920 | $832 | $968 |
| Owner Occupancy Rate | 68.4% | 75.8% | 73.3% |
| Price/Rent Ratio | 11.3 | 17.0 | 18.7 |
Market Analysis
The median home value in Wapello County is 26.9% below the Iowa state average and 45.1% below the U.S. national average. The median rent of $920/month is 10.6% above the state average.
With a price-to-rent ratio of 11.3, buying a home in Wapello County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Wapello County has an owner-occupancy rate of 68.4%, compared to 75.8% in Iowa and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Edgecombe County | North Carolina | $125,100 | $858 |
| Green County | Kentucky | $125,000 | $610 |
| Bracken County | Kentucky | $125,000 | $756 |
| Page County | Iowa | $125,300 | $705 |
| Scott County | Tennessee | $124,900 | $686 |
Other Counties in Iowa
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Page County | $125,300 | $705 | 70.5% |
| Appanoose County | $124,200 | $784 | 68.8% |
| Franklin County | $124,100 | $696 | 72.4% |
| Palo Alto County | $123,200 | $638 | 77.1% |
| Osceola County | $122,600 | $797 | 77.9% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).