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Wapella

Learn about the people, housing, costs and businesses in Wapella, Illinois

Median Home$170,038
Median Rent$828/month
Population507
Leading IndustriesInformation & Media · Construction · Public Administration9% information & media
Home Value Growth+5.9% over 2 years
Family-Friendly29% of residentswell above average
Homeowners89% of occupied units
NotableTransit85/100 · excellent transit access
NotableVeteran Community11% of residents · top 9% nationally
Wapella
IL

Frequently Asked Questions

What are today's mortgage rates in Wapella?

As of today, the 30-year fixed mortgage rate for Wapella is approximately 7.113% (7.128% 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 Wapella?

The median home value in Wapella is $170k. The median monthly rent is $828. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wapella?

Home values in Wapella have increased 5.9% over the past two years. This represents moderate growth. 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 Wapella?

Based on a typical all-in ownership cost of $1,039/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wapella is $77k/year.

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What industries drive the economy in Wapella?

The largest employment sectors in Wapella are public administration (27%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.