Wheatfield, IN—46392
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wheatfield, IN
As of Oct '25, the median home price in Wheatfield, IN is $324,000, with a year-over-year change of 4.6%. This indicates that home prices in Wheatfield, IN are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $324,000 | 4.6% |
| Single Family | $324,000 | 4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $220,000 | 5.8% |
3 Bed | $323,000 | 4.2% |
4 Bed | $391,000 | 4.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wheatfield, IN
Wheatfield, IN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio 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 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Wheatfield, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Wheatfield, IN is 57. This is a increase of 38.0% 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 45.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $372,000 | 2.0% |
Listing Count | 44 | 44.0% |
| Listings as % of Homes | 0.5% | 44.0% |
Days on Market | 57 | 38.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,330 | 4.9% |
% Under 18 | 27.3% | 21.9% |
% Seniors | 12.9% | -28.3% |
% WFH | 2.9% | -34.1% |
% w/ College Degree | 12.2% | 0.8% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $910 |
| 2 Bedroom | N/A | N/A | $1,190 |
| 3 Bedroom | N/A | N/A | $1,560 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Wheatfield, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $324,000 |
| Median Household Income | $93,900 |