Market Overview
Home Prices in Wapello, IA
The median home value in Wapello, IA is $148,276 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.1% compared to a year ago and up 5.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wapello are priced64% below average.
Over the past five years, Wapello home values have risen by approximately22.1%, reflecting strong long-term appreciation in this market.
Price History
Wapello Home Price Trend
2020
$109,878
$110K
—
2021
$121,419
$121K
+10.5%
2022
$128,418
$128K
+5.8%
2023
$131,947
$132K
+2.7%
2024
$140,304
$140K
+6.3%
2025
$148,109
$148K
+5.6%
2026
$148,276
$148K
+0.1%
City Comparison
Wapello vs. National Median
🏠 Wapello
$148,276
National Median
$410,000
At $148,276, homes in Wapello cost 64% below the national median of $410,000. This makes Wapello a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wapello?
20% Down Payment
$29,655
on $148,276
Monthly P&I
$773/mo
30-yr @ 6.8%
Total Monthly Est.
~$982/mo
incl. taxes & insurance
Income Needed
$39,280
gross annual (30% rule)
10% Down Option
$14,828
+ PMI applies
Loan Amount (20% dn)
$118,621
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 Wapello, IA?
The median home value in Wapello is $148,276 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.1% year-over-year.
How much have home prices changed in Wapello?
Over the past year, home values in Wapello have increased by 0.1%. Over five years, prices have risen approximately 22.1%.
How much do I need to earn to buy a home in Wapello?
To comfortably afford the median home price of $148,276 with a 20% down payment ($29,655) at today's rates (6.8%), you'd need a gross annual income of approximately $39,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Wapello compare to the national average home price?
The national median home value is approximately $410,000. At $148,276, homes in Wapello are 64% below the national average.