Home Price Key
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These days, finding an affordable place to live in the Wales area can be challenging. Home prices in Wales are now at a median cost of $182,025, lower than the Iowa average of $182,666.
The average cost of rent is $676/mo in Wales, primarily driven by the current value of real estate in the Wales area. While nearly 48.87% of residents own their homes outright in Wales, 20.73% rent.
Housing affordability isn’t just about home prices, though. The average household income in Wales is $6,430 per month. Households that rent pay about 10.51% of their income on rent here. Wales's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
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