Wabash County, Indiana Housing Market Prices
Wabash County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 35% below the Indiana median$92,826
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Median rent 28% below the Indiana median Cheaper than 87% of counties in Indiana$761
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Wabash County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $92,826 | $142,738 | $248,835 |
| Price Trend (Annual %) | 1.9% | 7.2% | 7.5% |
| Median Gross Rent | $761 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 2.2% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wabash County is about 35% lower than in Indiana. Rent is about 28% lower than the Indiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Wabash County, up about 1.9% and 2.2% a year respectively. Rent is changing faster.
Median rent in Wabash County rose about 19.1% between 2015 and 2024, from $639 to $761. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Wabash County.
Buying the median-priced home in Wabash County costs roughly 10.2 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Wabash County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Wabash County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $92,826 | $142,738 | $248,835 |
| Median Household Income | $67,266 | $71,967 | $80,455 |
| Price-to-Income Ratio | 1.4 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wabash County rose about 36.0%, while median household income rose about 48.2% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Wabash County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.4% | 64.4% | 58.5% |
| Rental Rate | 17.5% | 26.9% | 31.2% |
| Vacancy Rate | 10.1% | 8.8% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Wabash County has a homeownership rate of 72.4%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 10.1%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Wabash County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1962 | 1975 | 1978 |
| Median Number of Rooms | 6.2 | 5.9 | 5.5 |
The typical housing unit in Wabash County was built around 1962. On average, 2.3 people live in a home with about 6.2 rooms, staying for about 18.0 years on average.
Wabash County, IN Housing Compared With Nearby Counties
Wabash County, IN is the smallest of the 6 counties compared here, 30,844 residents against a local median of 36,800. Wabash County, IN's median home price, at $92,826, runs 62% above the $57,177 typical of the counties around it.
The counties themselves spread $88,603 on median home price, so Wabash County, IN sits at one end of an already wide local range rather than apart from it. Wabash County, IN has the 2nd highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Wabash County, IN | 30,844 | $92,826 #2/6 | $761 #6/6 | 80.5% #2/6 |
| Miami County, IN | 35,712 | $57,177 | $838 | 76.2% |
| Huntington County, IN | 36,800 | $41,897 | $878 | 77.4% |
| Grant County, IN | 66,295 | $45,724 | $852 | 72.7% |
| Kosciusko County, IN | 80,442 | $130,500 | $1,043 | 77.0% |
| Whitley County, IN | 34,611 | $87,826 | $934 | 81.8% |
Frequently Asked Questions
Common questions about the housing market in Wabash County, Indiana.
What is the median home price in Wabash County, Indiana?
The median home price in Wabash County, Indiana is $92,826, lower than the Indiana average of $142,738.
What is the average home price in Wabash County, Indiana?
The typical home price in Wabash County, Indiana, reported as the median sale price, is $92,826. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Wabash County, Indiana?
The median gross rent in Wabash County, Indiana is $761 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Wabash County in 2020?
In 2020, the median gross rent in Wabash County, Indiana was $709 per month.
What is the price-to-rent ratio in Wabash County, Indiana?
The price-to-rent ratio in Wabash County, Indiana is about 10.2, meaning it would take roughly 10.2 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Wabash County.
Are home prices or rent rising faster in Wabash County, Indiana?
Both home prices and rent are rising in Wabash County, up about 1.9% and 2.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Wabash County, Indiana?
72.4% of households in Wabash County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Wabash County, Indiana?
The housing vacancy rate in Wabash County, Indiana is 10.1%, higher than the Indiana average of 8.8%.
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