Wayne County, Iowa Housing Market
In Wayne County, Iowa, the median home value is $111,300, with a median monthly rent of $659. This places Wayne County at #2776 nationally out of 3134 counties by median home value, and #97 within Iowa.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,018
- Establishments: 148
- BLS QCEW, 2025
Housing Supply
- Single-family: 3
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,417 (avg $59,412)
- Outflow: 2,265 (avg $61,395)
- IRS Statistics of Income
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| Metric | Wayne County | Iowa Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $111,300 | $171,037 | $227,706 |
| Median Gross Rent | $659 | $832 | $968 |
| Owner Occupancy Rate | 80.9% | 75.8% | 73.3% |
| Price/Rent Ratio | 14.1 | 17.0 | 18.7 |
Market Analysis
The median home value in Wayne County is 34.9% below the Iowa state average and 51.1% below the U.S. national average. The median rent of $659/month is 20.8% below the state average.
With a price-to-rent ratio of 14.1, buying a home in Wayne 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.
Wayne County has an owner-occupancy rate of 80.9%, compared to 75.8% in Iowa and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Twiggs County | Georgia | $111,300 | $808 |
| Neosho County | Kansas | $111,300 | $681 |
| Bee County | Texas | $111,300 | $1,065 |
| Hamilton County | Florida | $111,200 | $724 |
| Kingman County | Kansas | $111,100 | $846 |
Other Counties in Iowa
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Ida County | $108,900 | $696 | 72.9% |
| Decatur County | $113,900 | $611 | 69.7% |
| Emmet County | $114,100 | $733 | 79.4% |
| Van Buren County | $114,600 | $622 | 81.6% |
| Taylor County | $117,200 | $765 | 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).