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City · 29,236 residents · Dallas County, Iowa

Waukee , Iowa

In Waukee, a typical home is worth $350,500 and typical rent is $1,383 a month. Compared with all of Dallas County, typical rent is 5% higher.

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  • Typical home value

    $350,500

    About the same as the county

    69% above Iowa

    • Waukee
    • Dallas
    • Iowa

  • Typical rent

    $1,383a month

    5% above the county

    42% above Iowa

    • Waukee
    • Dallas
    • Iowa

  • Typical household income

    $101,029a year

    About the same as the county

    35% above Iowa

    • Waukee
    • Dallas
    • Iowa

  • Households that own their home

    67%

    3 points below the county

    5 points below Iowa

    • Waukee
    • Dallas
    • Iowa

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$344,579
1.5% less than 12 months ago
Typical rent
$1,640 a month
5.7% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Waukee is in Dallas County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Dallas County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Waukee apart

What this place has that others do not, from public data, most unusual first.

  1. Waukee has the 3rd highest typical rent of the 85 cities in Iowa with more than 5,000 people ($1,383).

  2. Waukee has the 4th highest typical home value of the 86 cities in Iowa with more than 5,000 people ($350,500).

  3. Nearby, in Adel, the typical rent is $926: 33% less than in Waukee ($1,383).

  4. According to Zillow, in the 12 months to September 2026 the typical home value in Waukee fell 1.5%; in Iowa, it rose 3.3%.

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Waukee

What homes there are in Waukee, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Waukee, 6 in 10 homes are single-family detached houses; in Dallas County, 6.

Year built

Homes in Waukee are newer: the typical year built is 2011; in Dallas County, 2006.

By size, homes in Waukee look like those in Dallas County: 64% have 3 bedrooms or more.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,185 a month

Dallas County: $2,160 a month

Without a mortgage

$810 a month

Dallas County: $757 a month

Owners with a mortgage

77%

Dallas County: 69%

In Waukee, 77% of owners have a mortgage; their typical cost is $2,185 a month, about the same as in Dallas County.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Waukee gained value faster than in Dallas County: 47% against 43%.

Since 2015–2019, the typical rent in Waukee rose 22%, less than in Dallas County (26%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureWaukeeDallas CountyIowaUnited States
Rental vacancy Unreliable estimate6.7%5.7%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimate1.8%1.6%3.4%
People per household 2.462.532.362.53
Drive alone 71%70%76%69%
Carpool 6%6%8%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate1%3%3%
Work from home 22%20%11%15%
Other means Unreliable estimate2%1%2%
Typical commute Unreliable estimateUnreliable estimate10 to 19 minutes20 to 29 minutes

Much as in Dallas County, a household in Waukee has 2.46 people on average.

To get to work, 71% of workers in Waukee drive alone; in Dallas County, 70%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Waukee?

A typical home costs more than the typical income allows

We start with a typical home in Waukee, worth $350,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 37% of the typical household income in Waukee, which is $101,029 a year. For that payment to be 28% of income, a household would need to earn about $132,348 a year.

The calculator's FHA and conventional loan limits are those of all of Dallas County.

Your numbers

Local data
$

Starts at the typical home value in Waukee. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $12,268 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,088

at 7.18% · 30 years

Loan amount
$344,151
Total interest
$495,153
Paid off in
November 2056

Includes $5,919 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,357 a month

  • Tight

    $2,357 to $3,031 a month

  • Hard

    more than $3,031 a month

    Your payment · 37%

Compared with the typical household income in Waukee ($101,029 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,088
Principal & interest$2,331
Property tax$456
Home insurance$146
FHA mortgage insurance (MIP)$155

You need at least $12,268 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Waukee and Dallas County

Waukee is in Dallas County, Iowa. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Waukee's own numbers

Typical home value
$350,500
Typical monthly rent
$1,383
Typical yearly household income
$101,029
Households that own their home
67%
Effective property tax rate
1.56%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Dallas County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,360
Price change over 5 years (FHFA)
+37%
Homes in a high flood-risk zone
0.4%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Dallas County.

Everything about Dallas County

Buying

Buying a home in Waukee

A typical home in Waukee is worth $350,500: about the same as the county and 69% above Iowa. With the typical household income in Waukee ($101,029 a year), a typical home costs 3.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Waukee 3.5 years
  • Dallas 3.5 years
  • Iowa 2.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Dallas County

According to FHFA’s house price index, home prices in Dallas County rose 56% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Dallas County.

Period County Iowa U.S.
Last year (2025) +1.4% +3.2% +2.9%
5 years (2020–2025) +37% +41% +47%
10 years (2015–2025) +56% +65% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Waukee next to Dallas County, Iowa and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Waukee $350,500
  • Dallas $355,600
  • Iowa $208,000
  • United States $332,700
Typical monthly rent
  • Waukee $1,383
  • Dallas $1,311
  • Iowa $972
  • United States $1,413
Typical yearly household income
  • Waukee $101,029
  • Dallas $102,379
  • Iowa $75,059
  • United States $80,734
See the full table
Waukee next to Dallas County and Iowa
Measure Waukee Dallas County Iowa U.S.
Typical home value $350,500 $355,600 $208,000 $332,700
Typical monthly rent $1,383 $1,311 $972 $1,413
Typical yearly household income $101,029 $102,379 $75,059 $80,734
Households that own their home 67% 69% 72% 65%
Typical yearly property tax $5,475 $5,001 $2,897 $3,119
Effective property tax rate 1.56% 1.41% 1.39% 0.94%
Renters with high rent for their income 33% 37% 44% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Dallas County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Waukee

For a typical $350,500 home in Waukee, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Waukee's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,088a month

    Least cash to close
    Down payment
    $12,268
    Cash to close
    $22,783
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $155

  • Conventional, 5% down $3,024a month

    Down payment
    $17,525
    Cash to close
    $28,040
    Rate
    7.18%
    Mortgage insurance
    PMI · $166

  • Conventional, 20% down, no PMI $2,501a month

    Down payment
    $70,100
    Cash to close
    $80,615
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,825a month

    Down payment
    $52,575
    Cash to close
    $63,090
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Waukee and for Dallas County.

Property tax

Effective rate in Waukee

1.56%of the home’s value each year

$5,475 a year for the typical owner in Waukee.

  • Waukee 1.56%
  • Dallas 1.41%
  • Iowa 1.39%

What Iowa publishes Homestead exemption: 10% of taxable value (Iowa Department of Revenue)

Exemptions and deadlines in Iowa

Flood risk in Dallas County

FEMA does not publish these numbers by city: they are for all of Dallas County.

Homes in the high-risk zone
0.4%
125
Of those, with NFIP insurance
8.8%
County Iowa U.S.
Homes in the high-risk zone 0.4% 2.2% 3.5%
Of those, with NFIP insurance 8.8% 14% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Waukee

Typical rent in Waukee is $1,383 a month: 5% above the county. In Waukee, 33% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Dallas County, by unit size. To pay the 2-bedroom one ($1,360 a month) without spending more than 30% of your income, you would need to earn $26.15 an hour working full time.

HUD fair market rent for all of Dallas County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,102 $21.19 $44,080
1 bedroom $1,145 $22.02 $45,800
2 bedrooms $1,360 $26.15 $54,400
3 bedrooms $1,856 $35.69 $74,240
4 bedrooms $1,901 $36.56 $76,040

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Waukee

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Waukee has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,200 in 50003 to $1,560 in 50263.

1 of the 2 is above the fair market rent for Dallas County ($1,360).

  • 50003 $1,200$1,640
  • 50263 $1,560$2,130

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Waukee when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Waukee

HUD lists 10 buildings with rents for lower incomes in Waukee. These are the largest.

  • Hometown Harbor Waukee 560 SE Brick Dr, Waukee 50263 116 low-income homes · 1 bd: 36 · 2 bd: 80 · In service since 2011 · For older adults
  • Waukee Family Housing 1300 SE Jacob, Waukee 50263 90 low-income homes · 4 bd: 90 · In service since 2011 · For families
  • Alice Place 255 SE Brick Dr, Waukee 50263 59 homes, 55 low-income · 1 bd: 11 · 2 bd: 47 · In service since 2014 · For older adults
  • Sugar Creek Apts 1600 SE La Grant Pkwy, Waukee 50263 46 low-income homes · 1 bd: 37 · 2 bd: 8 · In service since 2002 · For older adults
  • Lyn Circle Townhomes 1120 SE Mapleleaf Ln, Waukee 50263 32 low-income homes · 2 bd: 20 · 3 bd: 12 · In service since 2000 · For people with disabilities, families

See all 21 buildings in Dallas County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Waukee

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Dallas County. The nearest ones are below; many serve by phone or online.

A man leans over the armchair where a girl is reading a book.

HUD counseling is free or low-cost

Assistance programs in Waukee

No down payment, repair or rent-help program on our list is for Waukee or Dallas County. The ones below are statewide in Iowa: they work in Waukee the same as in the rest of the state.

Which programs do I qualify for? All programs in Iowa

Housing counselors near Waukee

The HUD-approved agencies closest to the center of Waukee, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Home Opportunities Made Easy, Inc. (home, Inc.)

    1618 6th Ave, Des Moines · 13 miles away · Spanish

    • Home improvement and repairs
    • Homelessness services
    • and 5 more
    (515) 243-1277

  • Greater Des Moines Habitat for Humanity

    95 University Ave, Des Moines · 14 miles away

    • Pre-purchase counseling
    (515) 471-8686

  • Family Management Financial Solutions, Inc.

    2310 Falls Ave Ste 4, Waterloo · 100 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (319) 234-6695

All counseling agencies in Iowa

Help in Spanish near Waukee

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Waukee

HUD lists no housing authority with an office in Dallas County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Iowa Source: HUD

Cities

Other cities in Dallas County

These cities are also in Dallas County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Dallas County Housing in Iowa

Nearby cities

The cities closest to Waukee, with the typical home value.

Neighboring counties

If Dallas County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Waukee.

All guides
Two parents walk hand in hand with their little daughter.

Questions

Housing questions about Waukee

Short answers with the numbers for Waukee and all of Dallas County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Waukee?

The typical home value in Waukee is $350,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Dallas County it is $355,600.

How much does it cost to rent in Waukee?

Typical rent in Waukee is $1,383 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Dallas County is $1,360.

What is the FHA loan limit in Waukee?

Waukee uses the FHA limit for all of Dallas County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Waukee?

The typical homeowner in Waukee pays $5,475 a year, according to the U.S. Census Bureau. That is 1.56% of the home’s value; in Dallas County, the rate is 1.41%.

Where can I find free help to buy or rent in Waukee?

We found no HUD-approved counseling agencies with an office in Dallas County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).