Waukee, IA—50263
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Waukee, IA
As of Oct '25, the median home price in Waukee, IA is $342,000, with a year-over-year change of -0.9%. This indicates that home prices in Waukee, IA are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $342,000 | -0.9% |
| Single Family | $367,000 | -1.1% |
| Condos | $191,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $144,000 | 6.7% |
2 Bed | $211,000 | 1.9% |
3 Bed | $318,000 | 0.3% |
4 Bed | $425,000 | -0.5% |
| 5 Bed | $553,000 | -1.1% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Waukee, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Waukee, IA is 79. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $410,000 | -3.0% |
Listing Count | 421 | 2.0% |
| Listings as % of Homes | 2.5% | 2.0% |
Days on Market | 79 | -8.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,600 | 15.5% |
% Under 18 | 28.5% | -5.3% |
% Seniors | 10.9% | 11.2% |
% WFH | 20.5% | 318.4% |
% w/ College Degree | 57.3% | 3.4% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $342,000 |
| Median Household Income | $108,000 |