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Wall Lake

Learn about the people, housing, costs and businesses in Wall Lake, Iowa

Median Home$155,700
Median Rent$650/month
Population682
Leading IndustriesConstruction · Agriculture & Mining · Retail8% construction
Home Value Growth+10.6% over 2 years
Retirees25% of residentsabove average nationally
Homeowners82% of occupied units
NotableAffordable Market$156k median home · lower cost than 72% of the country
Wall Lake
IA

Frequently Asked Questions

What are today's mortgage rates in Wall Lake?

As of today, the 30-year fixed mortgage rate for Wall Lake is approximately 6.978% (7.020% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Wall Lake?

The median home value in Wall Lake is $156k. The median monthly rent is $650. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wall Lake?

Home values in Wall Lake have increased 10.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Wall Lake?

Based on a typical all-in ownership cost of $671/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wall Lake is $76k/year.

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What industries drive the economy in Wall Lake?

The largest employment sectors in Wall Lake are public administration (24%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.