Wabash County, Indiana Housing Market
In Wabash County, Indiana, the median home value is $157,200, with a median monthly rent of $762. This places Wabash County at #2084 nationally out of 3134 counties by median home value, and #69 within Indiana.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,021
- Establishments: 754
- BLS QCEW, 2025
Housing Supply
- Single-family: 87
- Multi-family: 6
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 12,993 (avg $77,482)
- Outflow: 12,587 (avg $78,381)
- IRS Statistics of Income
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| Metric | Wabash County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $157,200 | $191,898 | $227,706 |
| Median Gross Rent | $762 | $910 | $968 |
| Owner Occupancy Rate | 80.5% | 76.3% | 73.3% |
| Price/Rent Ratio | 17.2 | 17.5 | 18.7 |
Market Analysis
The median home value in Wabash County is 18.1% below the Indiana state average and 31.0% below the U.S. national average. The median rent of $762/month is 16.3% below the state average.
With a price-to-rent ratio of 17.2, the buy-vs-rent decision in Wabash County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Wabash County has an owner-occupancy rate of 80.5%, compared to 76.3% in Indiana and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Lafayette County | Florida | $157,200 | $896 |
| Perkins County | Nebraska | $157,200 | $922 |
| Jackson County | West Virginia | $157,200 | $716 |
| Delta County | Michigan | $157,100 | $692 |
| Jackson County | Minnesota | $157,100 | $787 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Starke County | $157,700 | $712 | 83.0% |
| Fulton County | $156,500 | $839 | 80.1% |
| Pulaski County | $156,400 | $772 | 74.6% |
| Scott County | $158,400 | $822 | 70.9% |
| Orange County | $158,700 | $855 | 78.7% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).