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Waukee, IA—50263

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$346,000
1.8% YoY Growth
Household Income
$108,000
14.6% YoY Growth
Days on Market
67
20.0% Longer YoY
Home Price Forecast
-0.5%
Median Rent
$1,900
13.6% YoY Growth
1-Bed Rent
$1,100
N/A
2-Bed Rent
$1,580
24.8% YoY Growth
3-Bed Rent
$1,920
1.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Waukee, IA

As of May '26, the median home price in Waukee, IA is $346,000, with a year-over-year change of -1.8%. This indicates that home prices in Waukee, IA are decreasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$346,000-1.8%
Single Family $366,000-2.1%
Condos $166,0000.6%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $145,000
    12.4%
    2 Bed
    		$218,0000.5%
    3 Bed
    		$320,000-0.6%
    4 Bed
    		$427,000-0.2%
    5 Bed $556,7330.1%
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    % of Housing Stock

    Studio
    1.2%
    1 Bedroom
    7.4%
    2 Bedrooms
    25.3%
    3 Bedrooms
    30.2%
    4 Bedrooms
    26.8%
    5+ Bedrooms
    9.1%

    Rental Trends — Waukee, IA

    As of July '25, Rentcast reports the average rent in Waukee, IA is $1,910, with a year-over-year rent change of -13.6%. Per bedroom, the median rent as of July '25 in Waukee, IA is studios: $929, 1-bedrooms: $1,240, 2-bedrooms: $1,560, 3-bedrooms: $2,000, 4-bedrooms: $2,500. The most common rental property sizes in Waukee, IA are 2-bedroom and 1-bedroom, accounting for 52.3% and 20.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,900$1,910
    Studio Rent $990$929
    1 Bed Rent $1,100$1,240
    2 Bed Rent $1,580$1,560
    3 Bed Rent $1,920$2,000
    4 Bed Rent $2,450$2,500
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    % of Rental Stock

    Studio
    3.5%
    1 Bedroom
    20.8%
    2 Bedrooms
    52.3%
    3 Bedrooms
    19.1%
    4 Bedrooms
    3.2%
    5+ Bedrooms
    1.0%

    Property Listings — Waukee, IA

    As of May '26, Realtor.com reports that the median days on market for a home in Waukee, IA is 67. This is a increase of 20.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$456,0004.0%
    Listing Count
    		430-2.0%
    Listings as % of Homes2.5%-2.0%
    Days on Market
    		6720.0%
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    Demographics — Waukee, IA

    As of the latest ACS Survey released in 2023, Waukee, IA has a population of 27,600, which has increased by 15.5% over the past 5 years. Waukee, IA is a popular place for families, as children make up 28.5% of the population. The area has a highly educated workforce, with 57.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		27,60015.5%
    % Under 18
    		28.5%-5.3%
    % Seniors
    		10.9%11.2%
    % WFH
    		20.5%318.4%
    % w/ College Degree
    		57.3%3.4%
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    As of the latest ACS Survey released in 2023, Waukee, IA is a predominantly white area, with 77.3% of the population identifying as white. The white population has shrunk by 12.1% in the last 5 years. The second most common race or ethnicity in Waukee, IA is asian, making up 6.4% of the population. Foreign-born residents account for 12.9% of the population in Waukee, IA, and this percentage has increased by 69.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		77.3%-12.1%
    % Black
    		4.3%258.3%
    % Hispanic
    		5.8%7.4%
    % Asian
    		6.4%93.9%
    % Foreign Born
    		12.9%69.7%
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    Mortgage and Risk — Waukee, IA

    According to HUD data as of 2023, there were 451 mortgage originations in Waukee, IA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Waukee, IA. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		451
    % Conventional Loans
    		86.0%
    % Government Loans
    		14.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		8.0%
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    Rentals and Section 8 — Waukee, IA

    As of 2024, the percent of homes in Waukee, IA under the Section 8 program is 5.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Waukee, IA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		204
    Total Units Section 8
    		204
    % Rentals under Section 8
    		5.9%
    % Occupied Section 8
    		97.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$60$1,100$1,160
    2 Bedroom-$190$1,580$1,390
    3 Bedroom-$50$1,920$1,870
    4 Bedroom-$580$2,450$1,870

    Affordability — Waukee, IA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.2
    Median Home Price$346,000
    Median Household Income$108,000

    Waukee, IA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    50323

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    50266

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    50063

    Frequently Asked Questions