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Wayne Community

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

Median Home$113,711
Median Rent$679/month
Population3,979
Leading IndustriesTransportation · Construction · Agriculture & Mining5% transportation
Home Value Growth⬆⬆+11.8% over 2 years
Retirees25% of residentsabove average nationally
Homeowners80% of occupied units
NotableAffordable Market$114k median home · lower cost than 94% of the country
Wayne Community
IA

Frequently Asked Questions

What are today's mortgage rates in Wayne Community?

As of today, the 30-year fixed mortgage rate for Wayne Community is approximately 7.153% (7.200% 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 Wayne Community?

The median home value in Wayne Community is $114k. The median monthly rent is $679. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wayne Community?

Home values in Wayne Community have increased 11.8% 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 Wayne Community?

Based on a typical all-in ownership cost of $755/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wayne Community is $62k/year.

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What industries drive the economy in Wayne Community?

The largest employment sectors in Wayne Community are public administration (19%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.