Wahpeton, IA housing market
The typical Wahpeton home is worth about $572,000, up 4.9% in a year, 139% above the Iowa typical home.
Home values, sales, trends and how Wahpeton compares with the towns next door — updated as new data is published.
Wahpeton at a glance
Only 1 sale in March 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2017–2026
Show as a table
| January | Wahpeton | Iowa |
|---|---|---|
| 2018 | $310,000 | $152,000 |
| 2019 | $324,000 | $159,000 |
| 2020 | $347,000 | $167,000 |
| 2021 | $361,000 | $179,000 |
| 2022 | $436,000 | $195,000 |
| 2023 | $488,000 | $211,000 |
| 2024 | $502,000 | $218,000 |
| 2025 | $535,000 | $228,000 |
| 2026 | $564,000 | $236,000 |
| August 2026 | $572,000 | $240,000 |
3 new homes permitted in 2025
Builders were permitted 3 new homes in Wahpeton in 2025, all single-family houses, worth about $4.9 million to build. Over the past 10 years, Wahpeton has permitted 75 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Wahpeton gained 4 residents while 79 new homes were permitted: about 0.1 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. 67% of Wahpeton's homes are seasonal or vacation homes, which adds housing without adding residents. Across Iowa: 1.3 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $1.4 million |
| 2025 | 3 | 3 | 0 | $4.9 million |
| 2024 | 5 | 5 | 0 | $5.4 million |
| 2023 | 5 | 5 | 0 | $4 million |
| 2022 | 10 | 10 | 0 | $2.9 million |
| 2021 | 9 | 9 | 0 | $1.6 million |
| 2020 | 8 | 8 | 0 | $1.4 million |
| 2019 | 15 | 15 | 0 | $5.8 million |
| 2018 | 7 | 7 | 0 | $3.3 million |
| 2017 | 7 | 7 | 0 | $3.3 million |
| 2016 | 6 | 6 | 0 | $2.8 million |
| 2015 | 5 | 5 | 0 | $2.7 million |
| 2014 | 1 | 1 | 0 | $600,000 |
| 2013 | 6 | 6 | 0 | $2 million |
| 2012 | 4 | 4 | 0 | $1.7 million |
| 2011 | 23 | 23 | 0 | $1.5 million |
| 2010 | 5 | 5 | 0 | $2.7 million |
| 2009 | 3 | 3 | 0 | $1.4 million |
| 2008 | 2 | 2 | 0 | $403,000 |
| 2007 | 2 | 2 | 0 | $565,000 |
| 2006 | 11 | 11 | 0 | $2.6 million |
| 2005 | 6 | 6 | 0 | $1.9 million |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 14 | 14 | 0 | $4.3 million |
| 2002 | 5 | 5 | 0 | $771,000 |
| 2001 | 8 | 8 | 0 | $1.2 million |
| 2000 | 5 | 5 | 0 | $658,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Wahpeton and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Wahpeton | $572K | +4.9% | $1,050 | 3 | $107,917 |
| West Okoboji | $815K | +9.8% | $1,040 | 9 | $66,250 |
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,050
HUD's Fair Market Rent for a two-bedroom in Wahpeton is $1,050 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Wahpeton pay a median of $850, so moving in tends to cost more than staying put.
Studio $800 · 4 bedrooms $1,400
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (51351, 51360; Clay County, IA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Wahpeton
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, March 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.