Wapello, IA Real Estate
According to census data in the year 2000 there were 895 housing units in Wapello.
This represents a 4.4% growth from 857 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 895 were located in what is classified as a rural area.
Homeownership rate in Wapello is about 75.3%.
Wapello's vacancy rate, including seasonal lodging, is about 6.4%.
Average household size is 2.48 people.
The majority of houses, apartments or condos in Wapello were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 9.60% |
| Two Bedrooms | 32.70% |
| Three Bedrooms | 41.70% |
| Four Bedrooms | 12.70% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.56 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $66,800 |
| Median Price asked for vacant units | $45,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.25 |
| Median year structure was built | 1949 |
| Median Monthly Rent asked for vacant units | $292 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.50% |
| Home Equity Loan | 4.30% |
| Simple Mortgage | 48.60% |
| Debt Free | 39.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.6% |
