Waveland, IN—47989
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Waveland, IN
As of Oct '25, the median home price in Waveland, IN is $207,000, with a year-over-year change of 4.6%. This indicates that home prices in Waveland, IN are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $207,000 | 4.6% |
| Single Family | $207,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $128,000 | 2.4% |
3 Bed | $210,000 | 5.0% |
4 Bed | $298,000 | 3.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Waveland, IN
Waveland, IN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $629 | $629 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $629 | $629 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Waveland, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Waveland, IN is 15. This is a decrease of -76.0% 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 | $220,000 | -69.0% |
Listing Count | 3 | -77.0% |
| Listings as % of Homes | 1.2% | -77.0% |
Days on Market | 15 | -76.0% |
Demographics — Waveland, IN
As of the latest ACS Survey released in 2023, Waveland, IN has a population of 1,240, which has decreased by -8.1% over the past 5 years. Waveland, IN is a moderately popular place for families, as children make up 21.7% of the population. The area has a poorly educated workforce, with 19.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,240 | -8.1% |
% Under 18 | 21.7% | -15.2% |
% Seniors | 13.1% | -8.4% |
% WFH | 8.5% | -7.6% |
% w/ College Degree | 19.7% | 111.8% |
As of the latest ACS Survey released in 2023, Waveland, IN is a predominantly white area, with 94.1% of the population identifying as white. The white population has grown by 0.9% in the last 5 years. The second most common race or ethnicity in Waveland, IN is asian, making up 3.1% of the population. Foreign-born residents account for 2.3% of the population in Waveland, IN, and this percentage has increased by 283.3% 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 | 94.1% | 0.9% |
% Black | 0.0% | N/A |
% Hispanic | 0.1% | -96.0% |
% Asian | 3.1% | 3,000.0% |
% Foreign Born | 2.3% | 283.3% |
Mortgage and Risk — Waveland, IN
Waveland, IN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Waveland, IN
Waveland, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 6.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $141 | $629 | $770 |
| 2 Bedroom | N/A | N/A | $1,020 |
| 3 Bedroom | N/A | N/A | $1,360 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Waveland, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $207,000 |
| Median Household Income | $101,000 |