Waukee, Iowa Housing Market Prices
Waukee Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 39% above the Iowa median$213,769
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Median rent 39% above the Iowa median$1,353
Housing Market Overview
| Metric | Waukee | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $213,769 | $153,425 | $248,835 |
| Price Trend (Annual %) | 5.1% | 7.5% | 7.5% |
| Median Gross Rent | $1,353 | $971 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Waukee is about 39% higher than in Iowa. Rent is about 39% higher than the Iowa average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2021
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Waukee, up about 5.1% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Waukee rose about 35.4% between 2015 and 2024, from $999 to $1,353. Over the same span, rent in Iowa rose about 39.6%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Waukee.
Buying the median-priced home in Waukee costs roughly 13.2 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Waukee. The price-to-rent ratio in Iowa is about 13.2.
| Metric | Waukee | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $213,769 | $153,425 | $248,835 |
| Median Household Income | $102,644 | $75,133 | $80,455 |
| Price-to-Income Ratio | 2.1 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2021, the median home price in Waukee rose about 7.7%, while median household income rose about 16.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Waukee | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.5% | 65.6% | 58.5% |
| Rental Rate | 28.1% | 25.9% | 31.2% |
| Vacancy Rate | 4.4% | 8.5% | 10.2% |
| Median Tenure (years) | 10.0 | 15.0 | 15.0 |
| Median Year Moved In | 2016 | 2011 | 2011 |
Waukee has a homeownership rate of 67.5%, higher than the Iowa average of 65.6%. Its housing vacancy rate is 4.4%, compared with 8.5% in Iowa.
Housing Stock
| Metric | Waukee | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 2006 | 1971 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Waukee was built around 2006. On average, 2.5 people live in a home with about 6.0 rooms, staying for about 10.0 years on average.
Waukee, IA Housing Compared With Nearby Cities
How Waukee, IA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Waukee, IA | 27,139 | $213,769 #2/2 | $1,353 #1/2 | 70.6% #2/2 |
| Urbandale, IA | 42,731 | $281,186 | $1,214 | 75.5% |
Frequently Asked Questions
Common questions about the housing market in Waukee, Iowa.
What is the median home price in Waukee, Iowa?
The median home price in Waukee, Iowa is $213,769, higher than the Iowa average of $153,425.
What is the average home price in Waukee, Iowa?
The typical home price in Waukee, Iowa, reported as the median sale price, is $213,769. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Waukee, Iowa?
The median gross rent in Waukee, Iowa is $1,353 per month, higher than the Iowa average of $971.
What was the median gross rent in Waukee in 2020?
In 2020, the median gross rent in Waukee, Iowa was $1,113 per month.
What is the price-to-rent ratio in Waukee, Iowa?
The price-to-rent ratio in Waukee, Iowa is about 13.2, meaning it would take roughly 13.2 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Waukee.
Are home prices or rent rising faster in Waukee, Iowa?
Both home prices and rent are rising in Waukee, up about 5.1% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Waukee, Iowa?
67.5% of households in Waukee, Iowa own their home, higher than the Iowa average of 65.6%.
What is the vacancy rate in Waukee, Iowa?
The housing vacancy rate in Waukee, Iowa is 4.4%, lower than the Iowa average of 8.5%.
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