Home Price Key
Affordable
Average
Expensive
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 $180,544, lower than the Iowa average of $182,666.
The average cost of rent is $673/mo in Wellman, primarily driven by the current value of real estate in the Wellman area. While nearly 44.55% of residents own their homes outright in Wellman, 25.55% rent.
Housing affordability isn’t just about home prices, though. The average household income in Wellman is $4,402 per month. Households that rent pay about 15.28% of their income on rent here. Wellman's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
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: equally 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: equally priced homes
- Tilton, IL: less expensive homes
- Harlan, IN: equally priced homes
- Hartshorne, OK: less expensive homes
- Idaho Springs, CO: higher priced homes
- Tennessee Ridge, TN: less expensive homes
- Inverness Highlands North, FL: less expensive homes
- Stockport, OH: less expensive homes
- Stilson, TX: less expensive homes
- Iberia, MO: less expensive homes
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