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  4. /Waveland, IN - 47989

Waveland, IN—47989

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$228,000
7.4% YoY Growth
Household Income
$101,000
73.5% YoY Growth
Days on Market
190
39.0% Longer YoY
Home Price Forecast
3.9%
Median Rent
$629
N/A
1-Bed Rent
$629
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 — Waveland, IN

As of May '26, the median home price in Waveland, IN is $228,000, with a year-over-year change of 7.4%. This indicates that home prices in Waveland, IN are increasing. According to Zillow, the 1-year price projection is 3.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$228,0007.4%
Single Family $228,0008.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$148,0002.1%
    3 Bed
    		$233,0008.4%
    4 Bed
    		$318,0007.1%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    1.2%
    1 Bedroom
    1.8%
    2 Bedrooms
    11.8%
    3 Bedrooms
    63.4%
    4 Bedrooms
    16.1%
    5+ Bedrooms
    5.7%

    Rental Trends — Waveland, IN

    Waveland, IN lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$629$629
    Studio Rent N/AN/A
    1 Bed Rent $629$629
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
    Loading chart...

    % of Rental Stock

    1 Bedroom
    24.4%
    2 Bedrooms
    33.3%
    3 Bedrooms
    24.4%
    4 Bedrooms
    2.2%
    5+ Bedrooms
    15.6%

    Property Listings — Waveland, IN

    As of May '26, Realtor.com reports that the median days on market for a home in Waveland, IN is 190. This is a increase of 39.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$377,000-52.0%
    Listing Count
    		3-37.0%
    Listings as % of Homes1.2%-37.0%
    Days on Market
    		19039.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % 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%
    Loading chart...

    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

    MetricLatest Census5-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%
    Loading chart...

    Mortgage and Risk — Waveland, IN

    Waveland, IN lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip 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
    Loading chart...
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$141$629$770
    2 BedroomN/AN/A$1,020
    3 BedroomN/AN/A$1,360
    4 BedroomN/AN/A$1,560

    Affordability — Waveland, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio1.8
    Median Home Price$228,000
    Median Household Income$101,000

    Waveland, IN — ZIP Code Boundary Map

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    Frequently Asked Questions