Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$127,798+2.4% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 20% have cut their price
Income needed to buy, per year$27,704About 0.4× the local median income ($67,370): affordable for a typical household
Days on market54 daysAbout the same pace as a year ago
The typical home in Wapello County, IA is worth $127,798, up 2.4% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $134,641, so the area is 5.1% undervalued. It is a balanced market: homes take about 54 days to sell, listings are up 7% from a year ago, 20% of listings have had a price cut. A household needs about $27,704 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,370. In the latest IRS figures, 24 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$127,798
Change in 1 year
+2.4%
Overvalued %
−5.1%
Show 6 more
Fair home value
$134,641
Change in 5 years
+28.7%
Home value to income
1.9×
Monthly mortgage payment (20% down)
$693
Income needed to afford it
$27,704
Property tax rate
1.58%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,076
Market activity
Listings vs a year ago
+6.6%
Days on market
54
Listings with a price cut
19.6%
Show 3 more
Homes for sale
130
Pending sales per 100 listings
30
Asking price per sq ft
$112
People and jobs
Median household income
$67,370
Population change (1 year)
−0.6%
Unemployment rate
4.3%
Show 4 more
Population
35,210
Income adjusted for cost of living
$80,107
Net moves in (IRS)
−24
Cost of living (US = 100)
84.1
Schools, risk and environment
School rating (1 to 10)
2.8
FEMA hazard risk score (0 to 100)
65.3
Flood risk score
69.3
Show 3 more
Wildfire risk score
61.6
Walkability (1 to 20)
6.8
Road, rail and air noise
52 dB
Questions people ask
Is Wapello County, IA overvalued?
Home prices in Wapello County, IA are slightly below what local incomes have historically supported: fair value is about $134,641, so the area is 5.1% undervalued.
Is Wapello County, IA a buyer's or seller's market?
Wapello County, IA is a balanced market: homes take about 54 days to sell, listings are up 7% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Wapello County, IA?
Home values in Wapello County, IA are up 2.4% over the last year.
How much do you need to earn to buy a home in Wapello County, IA?
A household needs about $27,704 a year to afford the typical home in Wapello County, IA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,370.