Wellman, IA housing market
The typical Wellman home is worth about $251,000, up 9.7% in a year, close to the Iowa typical home.
Home values, sales, trends and how Wellman compares with the towns next door — updated as new data is published.
Wellman at a glance
Only 3 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Wellman | Iowa |
|---|---|---|
| 2017 | $138,000 | $147,000 |
| 2018 | $143,000 | $152,000 |
| 2019 | $153,000 | $159,000 |
| 2020 | $162,000 | $167,000 |
| 2021 | $173,000 | $179,000 |
| 2022 | $192,000 | $195,000 |
| 2023 | $205,000 | $211,000 |
| 2024 | $215,000 | $218,000 |
| 2025 | $229,000 | $228,000 |
| 2026 | $239,000 | $236,000 |
| August 2026 | $251,000 | $240,000 |
2 new homes permitted in 2025
Builders were permitted 2 new homes in Wellman in 2025, all single-family houses. That's 1.4 per 1,000 residents, slower than across Iowa (4.7). Over the past 10 years, Wellman has permitted 27 homes in all.
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 2 | 2 | 0 | $797,000 |
| 2024 | 2 | 2 | 0 | $806,000 |
| 2023 | 4 | 4 | 0 | $740,000 |
| 2022 | 2 | 2 | 0 | $623,000 |
| 2021 | 1 | 1 | 0 | $200,000 |
| 2020 | 5 | 5 | 0 | $1.3 million |
| 2019 | 3 | 3 | 0 | $550,000 |
| 2018 | 6 | 2 | 4 | $591,000 |
| 2017 | 1 | 1 | 0 | $70,000 |
| 2016 | 1 | 1 | 0 | $70,000 |
| 2015 | 1 | 1 | 0 | $80,000 |
| 2014 | 2 | 2 | 0 | $600,000 |
| 2013 | 1 | 1 | 0 | $190,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
4.4 years of income
The typical Wellman home costs about 4.4 years of the town's median household income, more than across Iowa (3.2 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,000
HUD's Fair Market Rent for a two-bedroom in Wellman is $1,000 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Wellman pay a median of $820, so moving in tends to cost more than staying put. A two-bedroom takes about 21% of the town's median household income.
Studio $740 · 4 bedrooms $1,680
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (52356; Iowa City, IA HUD Metro FMR Area), 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.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 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.