Market Overview
Home Prices in Waukon, IA
The median home value in Waukon, IA is $246,540 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.1% compared to a year ago and up 6.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Waukon are priced40% below average.
Over the past five years, Waukon home values have risen by approximately41.7%, reflecting strong long-term appreciation in this market.
Price History
Waukon Home Price Trend
2020
$158,129
$158K
—
2021
$173,983
$174K
+10.0%
2022
$198,264
$198K
+14.0%
2023
$202,216
$202K
+2.0%
2024
$216,017
$216K
+6.8%
2025
$230,163
$230K
+6.5%
2026
$246,540
$247K
+7.1%
City Comparison
Waukon vs. National Median
🏠 Waukon
$246,540
National Median
$410,000
At $246,540, homes in Waukon cost 40% below the national median of $410,000. This makes Waukon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Waukon?
20% Down Payment
$49,308
on $246,540
Monthly P&I
$1,286/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,633/mo
incl. taxes & insurance
Income Needed
$65,320
gross annual (30% rule)
10% Down Option
$24,654
+ PMI applies
Loan Amount (20% dn)
$197,232
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 Waukon, IA?
The median home value in Waukon is $246,540 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.1% year-over-year.
How much have home prices changed in Waukon?
Over the past year, home values in Waukon have increased by 7.1%. Over five years, prices have risen approximately 41.7%.
How much do I need to earn to buy a home in Waukon?
To comfortably afford the median home price of $246,540 with a 20% down payment ($49,308) at today's rates (6.8%), you'd need a gross annual income of approximately $65,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Waukon compare to the national average home price?
The national median home value is approximately $410,000. At $246,540, homes in Waukon are 40% below the national average.