Real Estate Investing in Waukee, Iowa

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1 ZIP codes • Population: 27,560 • Dallas County

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Should you buy in Waukee, IA? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (66/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
WEAK
2.0 / 5 (33/100)

Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Waukee, IA?

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2.0/ 5

Investability

Citywide average

1.0/ 5

Appreciation

2.0% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $342,068
Avg Monthly Rent $1,596
ZIP Codes 1

Investing in Waukee Real Estate

With a sizable population across 1 ZIPs, Waukee shows the kind of soft fundamentals that keep most out-of-state capital on the sidelines.

Investors considering Waukee, IA should understand what the ★★☆☆☆ rating represents — a market with material structural headwinds, not a temporary rough patch.

Market conditions in Waukee are soft. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

Population dynamics in Waukee haven't been supportive. better suited elsewhere for combined with tepid income growth, the demographic backdrop complicates any purely financial underwriting.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Des Moines-West Des Moines, IA

Waukee is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$342,068
Avg Monthly Rent
$1,596
1% Rule
✗ Below
Landlord Friendly (IA)

ZIP Codes in Waukee, IA

Screen every ZIP in Waukee

Filter Waukee’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Waukee, IA

How do home values compare in Waukee, IA?

Median home price in Waukee, IA is near $342K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.

What investment strategy works best in Waukee, IA?

Investors usually favor careful cash-flow rentals with hands-on management in Waukee, IA. With home values at $342K and rents near $1,596/mo, other strategies can work but produce measured rather than outsized returns.

Is it easy to find good tenants in Waukee, IA?

Tenant quality in Waukee, IA ranks as solid. Landlords generally report stable occupancy at market rents of $1,596/mo.

Can I live-in-and-rent in Waukee, IA?

Waukee, IA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $342K price point reasonable to enter.

Are landlord laws favorable in Waukee, IA?

Waukee, IA falls under IA landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.

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