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Wellman, IA

Full City Profile · Iowa · Washington County County

3.2 /5.0
B Good
1,539 Population 1,438/sq mi density
$56,696 Median Income $30,774 per capita
$149,000 Home Value $231,835 Zillow
$765 Median Rent 21.8% income on rent
49°F Avg Temperature 275 sunny days/yr
541 Violent Crime/100K 946 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$56,696 median income, 0.9% unemployment
A+
Affordability
5.0 / 5.0
$149,000 home value, $765/mo rent
F
Safety
1.0 / 5.0
541 violent crimes/100K (42% above avg)
C+
Education
2.7 / 5.0
21.5% bachelor's degree or higher

Housing Overview

Median Home Value
$149,000
47% below
US avg: $281,900
Median Rent
$765/mo
34% below
US avg: $1,163/mo
Homeownership Rate
70.9%
8% above US avg (65.4%)
Total Housing Units
652
Median year built: 1974

Home Value by Source

Census Median
$149,000
Zillow (ZHVI)
$231,835
Median Sale Price
$167,500
Median List Price
$242,450
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

70.9%
Owner-Occupied
29.1%
Renter-Occupied
71%
29%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$738/mo
1 Bedroom
$788/mo
2 Bedroom
$989/mo
3 Bedroom
$1,282/mo
4 Bedroom
$1,420/mo
Census median rent: $765/mo

Market Indicators (Redfin)

Median Days on Market
102 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$106
Active Inventory
1
homes for sale

Affordability & Housing Stock

Rent Burden
21.8%
of renters spending 30%+ of income on housing
30% below US avg (31.0%)
Median Year Built
1974
Average age of housing stock: 52 years
Homeownership Rate
70.9%

Complete Housing Data

Home Values

Census Median Value$149,000
Zillow Home Value (ZHVI)$231,835
Median Sale Price$167,500
Median List Price$242,450
Price Per Sq Ft$106

Rent

Census Median Rent$765
FMR Studio$738
FMR 1-Bedroom$788
FMR 2-Bedroom$989
FMR 3-Bedroom$1,282
FMR 4-Bedroom$1,420

Market

Days on Market102
Sale-to-List Ratio1.0%
Price Drops0.0%
Homes Sold2
Active Inventory1
Price Per Sq Ft$106

Ownership & Stock

Owner-Occupied70.9%
Renter-Occupied29.1%
Homeownership Rate70.9%
Total Housing Units652
Median Year Built1974
Rent Burden21.8%