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Wheatfield, IN—46392

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$338,000
3.6% YoY Growth
Household Income
$93,900
46.3% YoY Growth
Days on Market
42
9.0% Shorter YoY
Home Price Forecast
0.5%
Median Rent
N/A
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Wheatfield, IN

As of May '26, the median home price in Wheatfield, IN is $338,000, with a year-over-year change of 3.6%. This indicates that home prices in Wheatfield, IN are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$338,0003.6%
Single Family $338,0004.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$234,0004.9%
    3 Bed
    		$336,0003.4%
    4 Bed
    		$409,0004.1%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    2.5%
    2 Bedrooms
    14.4%
    3 Bedrooms
    62.8%
    4 Bedrooms
    18.0%
    5+ Bedrooms
    2.3%

    Rental Trends — Wheatfield, IN

    Wheatfield, IN lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    8.5%
    2 Bedrooms
    44.3%
    3 Bedrooms
    45.6%
    4 Bedrooms
    1.5%

    Property Listings — Wheatfield, IN

    As of May '26, Realtor.com reports that the median days on market for a home in Wheatfield, IN is 42. This is a decrease of -9.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 41.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$402,000-9.0%
    Listing Count
    		29-12.0%
    Listings as % of Homes0.5%-12.0%
    Days on Market
    		42-9.0%
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    Demographics — Wheatfield, IN

    As of the latest ACS Survey released in 2023, Wheatfield, IN has a population of 8,330, which has increased by 4.9% over the past 5 years. Wheatfield, IN is a popular place for families, as children make up 27.3% of the population. The area has a poorly educated workforce, with 12.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		8,3304.9%
    % Under 18
    		27.3%21.9%
    % Seniors
    		12.9%-28.3%
    % WFH
    		2.9%-34.1%
    % w/ College Degree
    		12.2%0.8%
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    As of the latest ACS Survey released in 2023, Wheatfield, IN is a predominantly white area, with 92.5% of the population identifying as white. The white population has grown by 2.3% in the last 5 years. The second most common race or ethnicity in Wheatfield, IN is hispanic, making up 5.0% of the population. Foreign-born residents account for 0.5% of the population in Wheatfield, IN, and this percentage has decreased by 79.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		92.5%2.3%
    % Black
    		0.3%-40.0%
    % Hispanic
    		5.0%-18.0%
    % Asian
    		0.0%-100.0%
    % Foreign Born
    		0.5%-79.2%
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    Mortgage and Risk — Wheatfield, IN

    According to HUD data as of 2023, there were 160 mortgage originations in Wheatfield, IN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Wheatfield, IN. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		160
    % Conventional Loans
    		78.0%
    % Government Loans
    		22.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		17.0%
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    Rentals and Section 8 — Wheatfield, IN

    Wheatfield, IN lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		N/A
    Total Units Section 8
    		N/A
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$910
    2 BedroomN/AN/A$1,190
    3 BedroomN/AN/A$1,560
    4 BedroomN/AN/A$1,580

    Affordability — Wheatfield, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$338,000
    Median Household Income$93,900

    Wheatfield, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    46347

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    Frequently Asked Questions