Wapello County, Iowa home prices
Typical home $127,798 · +2.4% in a year · property tax 1.58%
The typical home in Wapello County is worth $127,798, 46% less than the Iowa typical home ($236,623). Values changed +2.4% in the past year and +28.7% over five years. Homeowners here pay a median 1.58% of their home's value in property tax each year ($2,017 on the typical home), versus 1.27% statewide.
Mortgage on the typical Wapello County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $25,560 | $102,239 | $688 | $0 | $232 | $920 | $39,400 |
| 10% down | $12,780 | $115,019 | $774 | $48 | $232 | $1,054 | $45,200 |
| 5% down | $6,390 | $121,409 | $817 | $51 | $232 | $1,099 | $47,100 |
| 3.5% down (FHA) | $4,473 | $125,484 | $844 | $57 | $232 | $1,133 | $48,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.58% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Iowa · part of the Ottumwa metro area.
Iowa counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Lee County | $124,938 | +1.9% | 1.38% |
| Wright County | $132,781 | -0.0% | 1.51% |
| Webster County | $138,265 | +1.1% | 1.39% |
| Appanoose County | $116,296 | -2.6% | 1.34% |
| Montgomery County | $139,432 | -4.6% | 1.65% |
| Wayne County | $140,476 | +5.2% | 1.36% |
| Taylor County | $141,844 | +13.7% | 1.26% |
| Keokuk County | $143,138 | +5.1% | 1.26% |
| Hardin County | $145,267 | +1.2% | 1.37% |
| Des Moines County | $147,927 | +2.7% | 1.51% |
Frequently asked questions
What is the average home price in Wapello County, IA?
The typical home value in Wapello County is $127,798 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Wapello County?
About $39,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Wapello County?
The median effective rate is 1.58% of home value a year (Census ACS 2024 5-year estimates).