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Wapello Community

Learn about the people, housing, costs and businesses in Wapello Community, Iowa

Median Home$146,096
Median Rent$758/month
Population3,402
Leading IndustriesRetail · Construction · Agriculture & Mining22% retail
Home Value Growth-4.9% over 2 years
Retirees22% of residentsslightly above average
Homeowners78% of occupied units
NotableAffordable Market$146k median home · lower cost than 85% of the country
NotableVeteran Community9% of residents · top 15% nationally
Wapello Community
IA

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Wapello Community?

As of today, the 30-year fixed mortgage rate for Wapello Community is approximately 7.148% (7.195% 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 Wapello Community?

The median home value in Wapello Community is $146k. The median monthly rent is $758. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wapello Community?

Home values in Wapello Community have decreased 4.9% over the past two years. Buyers may find more negotiating room in this market. 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 Wapello Community?

Based on a typical all-in ownership cost of $829/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wapello Community is $75k/year.

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What industries drive the economy in Wapello Community?

The largest employment sectors in Wapello Community are retail (22%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.