Wakarusa, IN 46573 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Wakarusa, IN—46573

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$304,000

6.9% YoY Growth

Household Income

$79,400

24.5% YoY Growth

Days on Market

25.0% Longer YoY

Home Price Forecast

3.2%

Median Rent

$762

1.9% YoY Growth

1-Bed Rent

$762

9.6% YoY Growth

2-Bed Rent

$820

14.6% YoY Growth

3-Bed Rent

$400

5.3% YoY Growth

Home Price Trends — Wakarusa, IN

As of Dec '25, the median home price in Wakarusa, IN is $304,000, with a year-over-year change of 6.9%. This indicates that home prices in Wakarusa, IN are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$304,000	6.9%
Single Family	$305,000	7.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Wakarusa, IN

As of July '25, Rentcast reports the average rent in Wakarusa, IN is $996, with a year-over-year rent change of 1.9%. Per bedroom, the median rent as of July '25 in Wakarusa, IN is 1-bedrooms: $762, 2-bedrooms: $820, 3-bedrooms: $1,200. The most common rental property sizes in Wakarusa, IN are 1-bedroom and 2-bedroom, accounting for 42.7% and 23.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$762	$996
Studio Rent	N/A	N/A
1 Bed Rent	$762	$762
2 Bed Rent	$820	$820
3 Bed Rent	$400	$1,200
4 Bed Rent	N/A	N/A

Loading chart...

% of Rental Stock

1 Bedroom

42.7%

2 Bedrooms

23.3%

3 Bedrooms

18.4%

4 Bedrooms

15.5%

Property Listings — Wakarusa, IN

As of Dec '25, Realtor.com reports that the median days on market for a home in Wakarusa, IN is 64. This is a decrease of -3.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$259,000	-11.0%
Listing Count	2	-53.0%
Listings as % of Homes	0.1%	-53.0%
Days on Market	89	25.0%

Loading chart...

Demographics — Wakarusa, IN

As of the latest ACS Survey released in 2023, Wakarusa, IN has a population of 3,940, which has increased by 5.3% over the past 5 years. Wakarusa, IN is a popular place for families, as children make up 26.8% of the population. The area has a moderately educated workforce, with 26.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,940	5.3%
% Under 18	26.8%	8.1%
% Seniors	17.3%	-6.5%
% WFH	7.9%	125.7%
% w/ College Degree	26.2%	18.0%

Loading chart...

As of the latest ACS Survey released in 2023, Wakarusa, IN is a predominantly white area, with 86.2% of the population identifying as white. The white population has shrunk by 8.2% in the last 5 years. The second most common race or ethnicity in Wakarusa, IN is hispanic, making up 5.4% of the population. Foreign-born residents account for 2.4% of the population in Wakarusa, IN, and this percentage has increased by 4.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	86.2%	-8.2%
% Black	1.1%	37.5%
% Hispanic	5.4%	170.0%
% Asian	2.8%	55.6%
% Foreign Born	2.4%	4.3%

Loading chart...

Mortgage and Risk — Wakarusa, IN

According to HUD data as of 2023, there were 70 mortgage originations in Wakarusa, IN, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Wakarusa, IN. Investor activity is low, as 0.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	70
% Conventional Loans	93.0%
% Government Loans	7.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	17.0%

Loading chart...

Rentals and Section 8 — Wakarusa, IN

Wakarusa, 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 Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$108	$762	$870
2 Bedroom	$230	$820	$1,050
3 Bedroom	$960	$400	$1,360
4 Bedroom	N/A	N/A	$1,390

Wakarusa, IN—46573

Key Metrics at a Glance

Home Price Trends — Wakarusa, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wakarusa, IN

% of Rental Stock

Property Listings — Wakarusa, IN

Demographics — Wakarusa, IN

Race and Ethnicity

Mortgage and Risk — Wakarusa, IN

Mortgages

Rentals and Section 8 — Wakarusa, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Wakarusa, IN

Home Price to Income Ratio

Wakarusa, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Elkhart, IN

Mishawaka, IN

Nappanee, IN

Osceola, IN

Bremen, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$304,000
Median Household Income	$79,400

Wakarusa, IN—46573

Key Metrics at a Glance

Home Price Trends — Wakarusa, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wakarusa, IN

% of Rental Stock

Property Listings — Wakarusa, IN

Demographics — Wakarusa, IN

Race and Ethnicity

Mortgage and Risk — Wakarusa, IN

Mortgages

Rentals and Section 8 — Wakarusa, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Wakarusa, IN

Home Price to Income Ratio

Wakarusa, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Elkhart, IN

Mishawaka, IN

Nappanee, IN

Osceola, IN

Bremen, IN

Frequently Asked Questions

What is the average home price in Wakarusa, IN 46573?

How have home prices in Wakarusa, IN 46573 changed over the past year?

What is the home price projection for Wakarusa, IN 46573?

What are the demographics of Wakarusa, IN 46573?

How long does it take homes to sell in Wakarusa, IN 46573?

What is the average rent price in Wakarusa, IN 46573?