Home prices
Oelwein's median home value is $82,200. This is about $8,120 (8%) lower compared to nearby areas.Compared to the entire country it is roughly $135,300 (62%) lower, and in comparison to the city of Cedar Rapids it is approximately $59,600 (42%) lower.
Rents
In Oelwein the median monthly rent is $650. This is roughly $67 (11%) higher compared to nearby areas.It is about $412 (38%) lower in comparison to the entire nation, and in comparison to the city of Cedar Rapids is roughly $117 (15%) lower.
Nearby places
Hazleton
Hazleton is about 3 miles south from Oelwein. Its housing prices are fairly similar. The median home in Hazleton costs $82,000, which is very similar to Oelwein. Its rents are somewhat less expensive. Hazleton's median monthly rent is $567, which comes out to $83 (14%) lower than Oelwein.
Fairbank
Fairbank is about 6 miles west from Oelwein. The housing prices there are substantially more expensive. The price of the median home in Fairbank is $139,900, which is $57,700 (41%) higher than Oelwein. The rent there is a bit more expensive. Fairbank's median monthly rent is $700, which comes out to $50 (7%) higher than Oelwein.
Maynard
Maynard is approximately 6 miles north from Oelwein. Its housing prices are similar. The price of the median home in Maynard is $82,200, which is very similar to Oelwein. The rent there is a lot less expensive. In Maynard the median rent is $483 a month, which is $167 (34%) lower than Oelwein.
Westgate
Westgate is about 7 miles northwest of Oelwein. Its housing prices are a little less expensive. The median home price in Westgate is $67,500, which works out to $14,700 (21%) lower than Oelwein. Its rents are a bit less expensive. The median rent in Westgate is $600 a month, which works out to $50 (8%) lower than Oelwein.
Aurora
Aurora is roughly 8 miles southeast from Oelwein. Housing prices there are fairly similar. The median home in Aurora is valued at $80,000, which is $2,200 (2%) lower than Oelwein. Its rents are a bit less expensive. The median monthly rent in Aurora is $565, which works out to $85 (15%) lower than Oelwein.
