Wall Lake, IA
Population 641 · Iowa
About Wall Lake, IA
Wall Lake is a small community located in Iowa with a population of 641 residents according to the latest US Census Bureau American Community Survey data. The median household income is $59,306 per year, which is 21% below the national median of $75,149. The median age of 53.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Wall Lake features a median home value of $116,500, which is 52% below the national median of $244,900. This makes Wall Lake one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $632, 46% below the national average of $1,163/month. Of the 313 total housing units, 84% are owner-occupied (245 units) and 16% are renter-occupied (47 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wall Lake shows an unemployment rate of 2.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Wall Lake have an average one-way commute time of 19.1 minutes, one of the shorter commutes in the region.
Education & Demographics
16.8% of Wall Lake residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 2.3% White, 0.9% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.7% of the population being foreign-born.
Cost of Living in Wall Lake, IA
Compared to national averages, Wall Lake has a median household income of $59,306 (21% below the national median of $75,149). Home values average $116,500, which is 52% below the national median. Monthly rent at $632 is 46% below the US average of $1,163. Within Iowa, Wall Lake's income is 13% below the state average of $67,947, and home values are 12% below the state median of $132,237.
Why Live in Wall Lake, IA?
Wall Lake offers affordable housing with a median home value of $116,500, below the US average of $244,900, and rent that’s lower than the national average at $632/month, and a strong job market with an unemployment rate of just 2.8%. Additionally, the city features a low poverty rate of 6.1%, better than the national average, and short commute times averaging just 19.1 minutes.
Potential considerations include median household income ($59,306) that falls below the national average. However, Wall Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wall Lake has a population of 641 with a median age of 53.5 years. Compare Wall Lake with other cities to see how it stacks up, or explore all cities in Iowa.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Wall Lake
What is the population of Wall Lake, IA?
The population of Wall Lake, IA is 641 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Iowa.
What is the median household income in Wall Lake?
The median household income in Wall Lake, IA is $59,306 per year, which is 21% below the national median of $75,149.
What is the median home value in Wall Lake?
The median home value in Wall Lake, IA is $116,500, which is 52% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wall Lake?
The median monthly rent in Wall Lake, IA is $632, which is 46% below the national average of $1,163/month.
What is the unemployment rate in Wall Lake?
The unemployment rate in Wall Lake, IA is 2.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Wall Lake, IA a good place to live?
Wall Lake offers a moderate cost of living, affordable housing, and a strong job market. With a population of 641 and a median age of 53.5, the city appeals to established professionals and retirees.
How educated is Wall Lake, IA?
16.8% of residents in Wall Lake aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Wall Lake?
Key cost-of-living indicators for Wall Lake, IA: median home value is $116,500 (52% below national), median rent is $632/month, and median household income is $59,306. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wall Lake?
The poverty rate in Wall Lake, IA is 6.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Wall Lake, IA?
Wall Lake's population is 2.3% White, 0.9% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.7% of residents are foreign-born.