Housing in Wayne County

The inside story on rent prices
Source: US Census Bureau - ACS 5 Yr 2024

Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.

Rent in Wayne County averages $659/month for a 2‑bedroom in 2024, compared to the Iowa median of $972 and the national median of $1,413. Local renters spend approximately 21% of household income on rent, below the national average of 32%.

HUD 2026 50th Percentile Rent Estimates for Wayne County FMR Area are $682 for a studio, $734 for 1‑bedroom, $919 for 2‑bedroom, $1,193 for 3‑bedroom, and $1,227 for 4‑bedroom.

HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $260 increase for a 2-bedroom in Wayne County shows a 39% rise over that period.

The U.S. Bureau of Labor Statistics annual unemployment rate for Wayne County was 2.5% in 2024, compared to Iowa at 3.0% and the national rate of 4.0%.

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Towns near Promise City

City
County
State
Miles
Lucas
IA
0.0
Lucas
IA
5.7
Lucas
IA
8.4
Lucas
IA
9.7
Lucas
IA
11.0
Wayne
IA
12.7
Wayne
IA
16.2
Wayne
IA
17.0
Wayne
IA
19.9
Wayne
IA
22.4
Decatur
IA
23.7
Decatur
IA
24.9
Wayne
IA
25.7
Wayne
IA
27.9
Decatur
IA
28.4
Decatur
IA
30.2
Wayne
IA
30.7
Decatur
IA
33.7
Decatur
IA
36.9
Decatur
IA
37.7
Decatur
IA
43.0

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