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Affordable
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These days, finding an affordable place to live in the Wellman area can be challenging. Home prices in Wellman are now at a median cost of $203,290, lower than the Iowa average of $226,062.
The average cost of rent is $811/mo in Wellman, primarily driven by the current value of real estate in the Wellman area. In Wellman, 23.98% of households rent, and 43.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wellman is $5,212 per month. Households that rent pay about 15.55% of their income on rent here. Wellman’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Kalona, IA: higher priced homes
- Williamstown, IA: higher priced homes
- Kinross, IA: less expensive homes
- Richmond, IA: higher priced homes
- West Chester, IA: higher priced homes
- Parnell, IA: higher priced homes
- Windham, IA: higher priced homes
- Keota, IA: less expensive homes
- Sharon Center, IA: higher priced homes
- South English, IA: less expensive homes
Cities with Similar Populations
- Siren, WI: higher priced homes
- Tilton, IL: less expensive homes
- Harlan, IN: higher priced homes
- Hartshorne, OK: less expensive homes
- Idaho Springs, CO: higher priced homes
- Tennessee Ridge, TN: equally priced homes
- Inverness Highlands North, FL: less expensive homes
- Stockport, OH: less expensive homes
- Stilson, TX: higher priced homes
- Iberia, MO: less expensive homes
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