Wayne County, Indiana Housing Market
In Wayne County, Indiana, the median home value is $140,200, with a median monthly rent of $815. This places Wayne County at #2367 nationally out of 3134 counties by median home value, and #80 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: $1,040
- Establishments: 1,448
- BLS QCEW, 2025
Housing Supply
- Single-family: 47
- Multi-family: 224
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 26,563 (avg $59,071)
- Outflow: 25,495 (avg $59,340)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Wayne County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 47341 | 166.7 | +21.67% | 2025 |
| 2 | 47330 | 160.4 | -0.52% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Wayne County Compares
| Metric | Wayne County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $140,200 | $191,898 | $227,706 |
| Median Gross Rent | $815 | $910 | $968 |
| Owner Occupancy Rate | 69.2% | 76.3% | 73.3% |
| Price/Rent Ratio | 14.3 | 17.5 | 18.7 |
Market Analysis
The median home value in Wayne County is 26.9% below the Indiana state average and 38.4% below the U.S. national average. The median rent of $815/month is 10.4% below the state average.
With a price-to-rent ratio of 14.3, buying a home in Wayne County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Wayne County has an owner-occupancy rate of 69.2%, compared to 76.3% in Indiana and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Crisp County | Georgia | $140,200 | $778 |
| Pipestone County | Minnesota | $140,200 | $754 |
| Summers County | West Virginia | $140,100 | $915 |
| Tattnall County | Georgia | $140,000 | $699 |
| Logan County | Arkansas | $139,900 | $745 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Delaware County | $139,400 | $906 | 66.5% |
| Knox County | $137,700 | $796 | 67.8% |
| Fountain County | $143,400 | $843 | 74.6% |
| Cass County | $133,800 | $783 | 74.3% |
| Vigo County | $148,500 | $924 | 61.7% |
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).