Waukee, IA housing market
Typical home value
$345K
▼ 1.5% 1 yr
Typical rent
$1,640/mo
▲ 5.7% 1 yr
Gross rent yield
5.7%
U.S. 6.3%
5-year home value change
+7%
U.S. +20%
Key takeaways
- 1The typical home in Waukee is worth $344,579, down 1.5% over the past year and up 7% over five years.
- 2Typical rent is $1,640 a month (+5.7% YoY), a gross rent yield of 5.7% (above the Des Moines, IA metro's 5.3%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,894/mo, $254 more than typical rent.
- 4Zillow forecasts the Des Moines, IA metro's home values to change +1.6% over the next 12 months.
Market temperature (Des Moines, IA metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 28/100, #466 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Waukee compares
| Measure | Waukee | Des Moines, IA metro | United States |
|---|---|---|---|
| Typical home value | $344,579 | $292,513 | $366,157 |
| Home value, 1-yr change | −1.5% | +0.5% | +1.2% |
| Typical rent | $1,640 | $1,280 | $1,932 |
| Rent, 1-yr change | +5.7% | +2.2% | +2.7% |
| Gross rent yield | 5.7% | 5.3% | 6.3% |
| Price-to-rent ratio | 17.5 | 19.0 | 15.8 |
| Mortgage P&I, typical home | $1,894 | $1,607 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Waukee rental, pre-filled.
Rent vs buy in Waukee
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $345K home.
Other cities in the Des Moines, IA metro
Des Moines, IA
$208K home$1,129 rent
▼ 0.3% 1 yr
West Des Moines, IA
$321K home$1,353 rent
▲ 0.4% 1 yr
Ankeny, IA
$339K home$1,464 rent
▲ 0.6% 1 yr
Urbandale, IA
$350K home$1,038 rent
▲ 0.2% 1 yr
Grimes, IA
$349K home$1,396 rent
▼ 0.9% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.