Market Overview
Home Prices in Wayland, IA
The median home value in Wayland, IA is $166,464 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.9% compared to a year ago and up 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wayland are priced59% below average.
Over the past five years, Wayland home values have risen by approximately19.6%, reflecting steady appreciation in this market.
Price History
Wayland Home Price Trend
2020
$126,820
$127K
—
2021
$139,167
$139K
+9.7%
2022
$152,538
$153K
+9.6%
2023
$158,206
$158K
+3.7%
2024
$163,258
$163K
+3.2%
2025
$164,918
$165K
+1.0%
2026
$166,464
$166K
+0.9%
City Comparison
Wayland vs. National Median
🏠 Wayland
$166,464
National Median
$410,000
At $166,464, homes in Wayland cost 59% below the national median of $410,000. This makes Wayland a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wayland?
20% Down Payment
$33,293
on $166,464
Monthly P&I
$868/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,102/mo
incl. taxes & insurance
Income Needed
$44,080
gross annual (30% rule)
10% Down Option
$16,646
+ PMI applies
Loan Amount (20% dn)
$133,171
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 Wayland, IA?
The median home value in Wayland is $166,464 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.9% year-over-year.
How much have home prices changed in Wayland?
Over the past year, home values in Wayland have increased by 0.9%. Over five years, prices have risen approximately 19.6%.
How much do I need to earn to buy a home in Wayland?
To comfortably afford the median home price of $166,464 with a 20% down payment ($33,293) at today's rates (6.8%), you'd need a gross annual income of approximately $44,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Wayland compare to the national average home price?
The national median home value is approximately $410,000. At $166,464, homes in Wayland are 59% below the national average.