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Wapello, IA
Full City Profile · Iowa · Louisa County County
3.2
/5.0
B
Good
1,935
Population
1,488/sq mi density
$71,131
Median Income
$33,542 per capita
$128,800
Home Value
$144,037 Zillow
$707
Median Rent
22.3% income on rent
51°F
Avg Temperature
275 sunny days/yr
607
Violent Crime/100K
2,004 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$71,131 median income, 1.5% unemployment
A+
Affordability
5.0 / 5.0
$128,800 home value, $707/mo rent
F
Safety
1.0 / 5.0
607 violent crimes/100K (60% above avg)
C
Education
2.4 / 5.0
17.7% bachelor's degree or higher
Housing Overview
Median Home Value
$128,800
54% below
US avg: $281,900
Median Rent
$707/mo
39% below
US avg: $1,163/mo
Homeownership Rate
70.2%
7% above US avg (65.4%)
Total Housing Units
857
Median year built: 1963
Home Value by Source
Census Median
$128,800
Zillow (ZHVI)
$144,037
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
70.2%
Owner-Occupied
29.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$793/mo
1 Bedroom
$814/mo
2 Bedroom
$1,068/mo
3 Bedroom
$1,354/mo
4 Bedroom
$1,468/mo
Census median rent:
$707/mo
Affordability & Housing Stock
Rent Burden
22.3%
of renters spending 30%+ of income on housing
28% below US avg (31.0%)
Median Year Built
1963
Average age of housing stock: 63 years
Homeownership Rate
70.2%
Complete Housing Data
Home Values
| Census Median Value | $128,800 |
| Zillow Home Value (ZHVI) | $144,037 |
Rent
| Census Median Rent | $707 |
| FMR Studio | $793 |
| FMR 1-Bedroom | $814 |
| FMR 2-Bedroom | $1,068 |
| FMR 3-Bedroom | $1,354 |
| FMR 4-Bedroom | $1,468 |
Market
Ownership & Stock
| Owner-Occupied | 70.2% |
| Renter-Occupied | 29.8% |
| Homeownership Rate | 70.2% |
| Total Housing Units | 857 |
| Median Year Built | 1963 |
| Rent Burden | 22.3% |