Wellman, IA—52356
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wellman, IA
As of Oct '25, the median home price in Wellman, IA is $234,000, with a year-over-year change of 2.7%. This indicates that home prices in Wellman, IA are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $234,000 | 2.7% |
| Single Family | $236,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $156,000 | 2.6% |
3 Bed | $226,000 | 1.8% |
4 Bed | $302,000 | 2.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wellman, IA
Wellman, IA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Wellman, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Wellman, IA is 29. This is a increase of 58.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $270,000 | 27.0% |
Listing Count | 7 | -27.0% |
| Listings as % of Homes | 0.2% | -27.0% |
Days on Market | 29 | 58.0% |
Demographics — Wellman, IA
As of the latest ACS Survey released in 2023, Wellman, IA has a population of 2,750, which has increased by 2.3% over the past 5 years. Wellman, IA is a moderately popular place for families, as children make up 22.9% of the population. The area has a poorly educated workforce, with 18.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,750 | 2.3% |
% Under 18 | 22.9% | -16.7% |
% Seniors | 21.0% | 22.1% |
% WFH | 7.3% | -18.9% |
% w/ College Degree | 18.8% | -2.1% |
As of the latest ACS Survey released in 2023, Wellman, IA is a predominantly white area, with 94.1% of the population identifying as white. The white population has grown by 1.8% in the last 5 years. The second most common race or ethnicity in Wellman, IA is hispanic, making up 1.3% of the population. Foreign-born residents account for 0.5% of the population in Wellman, IA, and this percentage has decreased by 50.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.1% | 1.8% |
% Black | 1.1% | 37.5% |
% Hispanic | 1.3% | -69.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.5% | -50.0% |
Mortgage and Risk — Wellman, IA
According to HUD data as of 2023, there were 111 mortgage originations in Wellman, IA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Wellman, IA. Investor activity is low, as 4.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 111 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Wellman, IA
Wellman, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $820 |
| 2 Bedroom | N/A | N/A | $980 |
| 3 Bedroom | N/A | N/A | $1,380 |
| 4 Bedroom | N/A | N/A | $1,660 |
Affordability — Wellman, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $234,000 |
| Median Household Income | $54,700 |