Market Overview
Home Prices in Oelwein, IA
The median home value in Oelwein, IA is $114,838 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.4% compared to a year ago and up 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Oelwein are priced72% below average.
Over the past five years, Oelwein home values have risen by approximately28.8%, reflecting strong long-term appreciation in this market.
Price History
Oelwein Home Price Trend
2020
$86,273
$86K
—
2021
$89,128
$89K
+3.3%
2022
$98,671
$99K
+10.7%
2023
$104,582
$105K
+6.0%
2024
$108,091
$108K
+3.4%
2025
$110,010
$110K
+1.8%
2026
$114,838
$115K
+4.4%
City Comparison
Oelwein vs. National Median
🏠 Oelwein
$114,838
National Median
$410,000
At $114,838, homes in Oelwein cost 72% below the national median of $410,000. This makes Oelwein a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Oelwein?
20% Down Payment
$22,968
on $114,838
Monthly P&I
$599/mo
30-yr @ 6.8%
Total Monthly Est.
~$761/mo
incl. taxes & insurance
Income Needed
$30,440
gross annual (30% rule)
10% Down Option
$11,484
+ PMI applies
Loan Amount (20% dn)
$91,870
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Oelwein, IA?
The median home value in Oelwein is $114,838 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.4% year-over-year.
How much have home prices changed in Oelwein?
Over the past year, home values in Oelwein have increased by 4.4%. Over five years, prices have risen approximately 28.8%.
How much do I need to earn to buy a home in Oelwein?
To comfortably afford the median home price of $114,838 with a 20% down payment ($22,968) at today's rates (6.8%), you'd need a gross annual income of approximately $30,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Oelwein compare to the national average home price?
The national median home value is approximately $410,000. At $114,838, homes in Oelwein are 72% below the national average.