Wapello, IA—52653
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wapello, IA
Wapello, IA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $161,000 | 4.8% |
| Single Family | $161,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $160,000 | 4.6% |
4 Bed | $290,000 | 6.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wapello, IA
Wapello, 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 — Wapello, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Wapello, IA is 75. This is a increase of 27.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $226,000 | -17.0% |
Listing Count | 17 | 158.0% |
| Listings as % of Homes | 0.6% | 158.0% |
Days on Market | 75 | 27.0% |
Demographics — Wapello, IA
As of the latest ACS Survey released in 2023, Wapello, IA has a population of 3,200, which has decreased by -4.2% over the past 5 years. Wapello, IA is a moderately popular place for families, as children make up 16.9% of the population. The area has a poorly educated workforce, with 17.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,200 | -4.2% |
% Under 18 | 16.9% | -23.5% |
% Seniors | 23.4% | 23.8% |
% WFH | 5.2% | 173.7% |
% w/ College Degree | 17.2% | 67.0% |
As of the latest ACS Survey released in 2023, Wapello, IA is a predominantly white area, with 84.8% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Wapello, IA is hispanic, making up 8.9% of the population. Foreign-born residents account for 3.3% of the population in Wapello, IA, and this percentage has increased by 3.1% 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 | 84.8% | -5.3% |
% Black | 1.1% | 450.0% |
% Hispanic | 8.9% | 15.6% |
% Asian | 0.0% | N/A |
% Foreign Born | 3.3% | 3.1% |
Mortgage and Risk — Wapello, IA
According to HUD data as of 2023, there were 45 mortgage originations in Wapello, IA, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Wapello, IA. Investor activity is low, as 2.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 45 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Wapello, IA
Wapello, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 45 |
Total Units Section 8 | 45 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $700 |
| 2 Bedroom | N/A | N/A | $920 |
| 3 Bedroom | N/A | N/A | $1,130 |
| 4 Bedroom | N/A | N/A | $1,220 |
Affordability — Wapello, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $161,000 |
| Median Household Income | $81,000 |