Wabash, IN—46992
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wabash, IN
As of Oct '25, the median home price in Wabash, IN is $174,000, with a year-over-year change of 6.0%. This indicates that home prices in Wabash, IN are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $174,000 | 6.0% |
| Single Family | $173,000 | 6.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $123,000 | 6.0% |
3 Bed | $179,000 | 5.9% |
4 Bed | $222,000 | 5.7% |
| 5 Bed | $243,000 | 4.3% |
% of Housing Stock
Rental Trends — Wabash, IN
As of July '25, Rentcast reports the average rent in Wabash, IN is $818, with a year-over-year rent change of -11.1%. Per bedroom, the median rent as of July '25 in Wabash, IN is 1-bedrooms: $637, 2-bedrooms: $980. The most common rental property sizes in Wabash, IN are 3-bedroom and 2-bedroom, accounting for 31.0% and 30.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $700 | $818 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $675 | $637 |
| 2 Bed Rent | $980 | $980 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Wabash, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Wabash, IN is 51. This is a increase of 30.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $197,000 | 10.0% |
Listing Count | 40 | -3.0% |
| Listings as % of Homes | 0.6% | -3.0% |
Days on Market | 51 | 30.0% |
Demographics — Wabash, IN
As of the latest ACS Survey released in 2023, Wabash, IN has a population of 16,500, which has remained stable by 0.8% over the past 5 years. Wabash, IN is a moderately popular place for families, as children make up 21.4% of the population. The area has a poorly educated workforce, with 22.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,500 | 0.8% |
% Under 18 | 21.4% | 1.9% |
% Seniors | 21.4% | 4.9% |
% WFH | 4.8% | 152.6% |
% w/ College Degree | 22.9% | 51.7% |
As of the latest ACS Survey released in 2023, Wabash, IN is a predominantly white area, with 92.8% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Wabash, IN is hispanic, making up 4.0% of the population. Foreign-born residents account for 1.0% of the population in Wabash, IN, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.8% | -2.9% |
% Black | 0.6% | 20.0% |
% Hispanic | 4.0% | 135.3% |
% Asian | 0.3% | -25.0% |
% Foreign Born | 1.0% | 0.0% |
Mortgage and Risk — Wabash, IN
According to HUD data as of 2023, there were 346 mortgage originations in Wabash, IN, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Wabash, IN. Investor activity is low, as 1.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 346 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Wabash, IN
Wabash, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 215 |
Total Units Section 8 | 215 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 95.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $35 | $675 | $710 |
| 2 Bedroom | -$50 | $980 | $930 |
| 3 Bedroom | N/A | N/A | $1,120 |
| 4 Bedroom | N/A | N/A | $1,250 |
Affordability — Wabash, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $174,000 |
| Median Household Income | $65,500 |