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These days, finding an affordable place to live in the Wadena area can be challenging. Home prices in Wadena are now at a median cost of $208,159, lower than the Iowa average of $226,062.
The average cost of rent is $635/mo in Wadena, primarily driven by the current value of real estate in the Wadena area. In Wadena, 20.98% of households rent, and 60.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wadena is $5,506 per month. Households that rent pay about 11.54% of their income on rent here. Wadena’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lima, IA: equally priced homes
- Volga, IA: less expensive homes
- Arlington, IA: less expensive homes
- Fayette, IA: less expensive homes
- Elgin, IA: less expensive homes
- Osborne, IA: less expensive homes
- Gunder, IA: less expensive homes
- Maryville, IA: less expensive homes
- Clermont, IA: less expensive homes
- West Union, IA: less expensive homes
Cities with Similar Populations
- Rhodesville, AL: less expensive homes
- Mixon, AR: less expensive homes
- Money Creek, MN: higher priced homes
- Monroe Junction, WA: higher priced homes
- Montclair, IN: higher priced homes
- Montour, ID: higher priced homes
- Moore Station, TX: less expensive homes
- Moulton, OH: higher priced homes
- Rhodes, MS: less expensive homes
- Mills, PA: less expensive homes
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