Wabash County Area Home Supply Charts

This page looks at a variety of Wabash County Indiana housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Wabash County shows it has a Housing Units of 14,046 which is the second smallest when sorted by housing units of all the other counties in the local area.

Figure 2 illustrates the housing density in the Wabash County housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Wabash County depicts it has a Housing Density of 34.1 which is the second smallest when sorted by housing density of all the other counties in the local area. The county with the highest housing density in the area is Grant County which shows a density of 72.2 (about twice as large). Comparing housing density to the United States average of 39.5, Wabash County is about 16.1% smaller. Also, versus the state of Indiana, housing density of 81.3, Wabash County is approximately half the size.

In Figure 4, Wabash County area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Wabash County depicts it has a Housing Unit Change of -0.9% which is in the center range of other counties in the area. The county with the highest change in the housing units in the area is Whitley County which shows a housing units of 3.4% (approximately 3.9 times bigger). Comparing change in the housing units to the United States average of 7.4%, Wabash County is about the same size. Also, compared with the state of Indiana, change in the housing units of 4.2%, Wabash County is about the same size.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Wabash County depicts it has a Renter Percent of 23.2% which is the second smallest when ranked by renter percent of all the other counties in the area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 76.8% which is the second most owner percent of all the counties in the greater Wabash County region.

Wabash County Home Cost Charts

Looking at the housing data provided in Figure 7, the average Wabash County home price is illustrated for this community and a useful analysis of affordable housing. Wabash County shows it has a Median Home Value of $117,700 which is in the mid range of other counties in the metro area. The county with the highest median home price in the area is Whitley County which depicts a home price of $163,800 (39.2% larger). Figure 8 provides aggregate comparative data for the Wabash County Indiana metro area in terms of the median housing rental rate, apartment rent, etc. Wabash County depicts it has a Median Gross Rent of $698 which is the smallest in terms of rental rates of all the other counties in the metropolitan area. The county with the highest rental rates in the area is Kosciusko County which depicts a rental rates of $852 (22.1% larger). Comparing rental rates to the United States average of $1,163, Wabash County is approximately three-fourths the size. Also, in contrast to the state of Indiana, rental rates of $891, Wabash County is approximately three-fourths the size.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Wabash County has the percentage of home price worth less than $50,000 in the mid point range of other counties in the surrounding region at 30% of the total.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Wabash County depicts it has a Median Owner Cost of $736 which is in the mid range of other counties in the area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Wabash County metro area. it has a Owner Cost as % of HH Income of 14% which is the second smallest in order of cost as a percent of household income of all the other counties in the greater region.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Wabash County depicts it has a Median Home Value as Percent of Median Earnings of 263% which is in the middle range of other counties in the greater region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Wabash County depicts it has a Median Owner Costs-With Mortgage of $975 which is the second smallest when sorted by median housing cost of all the other counties in the local area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $362 which is the smallest when sorted by median housing cost of all the other counties in the surrounding region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Wabash County has the smallest proportion of owner cost between $1,000 and $1,500 at 4% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Wabash County shows it has a % of Income Owner Costs-With Mortgage of 16% which is the second smallest when ranked by cost as a percent of household income of all the other counties in the local area. The county with the highest cost as a percent of household income in the area is Grant County which shows a cost as a percent of household income of 18% (10.9% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Wabash County shows it has a % of Income Owner Costs-No Mortgage of 9% which is the second most cost as a percent of household income of all the counties in the greater Wabash County region. The county with the highest cost as a percent of household income in the area is Grant County which shows a cost as a percent of household income of 11% (18.9% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Wabash County has the smallest proportion of rent as a percent of income is less than 10 pct at 19% of the total. Second, it has one of the largest proportions of rent as a percent of income is between 40pct to 50pct at 20% of the total and is ranked #2. The only larger county being Fulton County with 21%.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Wabash County has the smallest proportion of housing cost between $1,000 and $1,500 at 3% of the total.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $639 which is the second smallest when ranked by median real estate taxes paid of all the other counties in the metropolitan area. The county with the highest median real estate taxes paid in the area is Whitley County which depicts a taxes paid of $1,239 (about twice as large). Comparing median real estate taxes paid to the United States average of $2,690, Wabash County is approximately a quarter the size. Also, versus the state of Indiana, median real estate taxes paid of $1,308, Wabash County is approximately half the size.

Figure 23 shows the rental rate distribution for this area. Wabash County Indiana has the largest proportion of rent less than 300 dollars at 15% of the total and is ranked #1.

Wabash County Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 2.9 which is the smallest in order of family members per housing unit of all the other counties in the area. The county with the highest family members per housing unit in the area is Miami County which indicates a family members per housing unit of 3.3 (12.3% larger). Comparing family members per housing unit to the United States average of 3.3, Wabash County is about 13.6% smaller. Also, measured against the state of Indiana, family members per housing unit of 3.2, Wabash County is about 10.0% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 6.3 which is the second most of all the counties in the local area. The county with the highest average number of rooms in a house in the area is Huntington County which depicts an average number of rooms in a house of 6.4 ( only slightly larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1960 which is the second smallest in terms of year built of all the other counties in the metropolitan area. The county with the highest year built in the area is Kosciusko County which depicts a year built of 1977 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built in 2020 or later in the mid point range of other counties in the local area at 2% of the total. Second, it has less than most other counties in the greater region when ranked by homes built between 2010 to 2019 at 7% of the total. Third, it has one of the largest proportions of homes built between 1940 to 1949 at 35% of the total and is ranked #3. Only #2 Miami County (36%), and #1 Huntington County (36%) are larger.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units less than most other counties in the local area at 2,907 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of 2 units at 4% of the total and is ranked #1. Second, it has the smallest proportion of 20 to 49 units at 0% of the total. Third, it has the smallest proportion of 50 or more units at 4% of the total. Also, it has the largest proportion of mobile home at 0% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 2020 or later the second smallest when sorted by value of homes built 2020 or later of all the other counties in the metropolitan area at $202,200 of the total. Second, it has the second smallest in order of value of homes built 2020 or later of all the other counties in the surrounding region when ranked by value of homes built 2010 to 2019 at $157,300 of the total. Third, it has in the center range of other counties in the greater region as measured by value of homes built 2000 to 2009 at $170,900 of the total. Also, it has the second smallest when ranked by value of homes built 2020 or later of all the other counties in the surrounding region as measured by value of homes built 1990 to 1999 at $111,700 of the total. In addition, it has the second smallest as measured by value of homes built 2020 or later of all the other counties in the metropolitan area as measured by value of homes built 1980 to 1989 at $121,200 of the total. Furthermore, it has one of the largest proportions of value of homes built 1970 to 1979 at $124,100 of the total and is ranked #3. Only #2 Kosciusko County ($142,100), and #1 Whitley County ($158,900) are larger. Next it has in the mid range of other counties in the area when ranked by value of homes built 1960 to 1969 at $96,400 of the total. Additionally, it has the smallest proportion of value of homes built 1950 to 1959 at $61,600 of the total. And then, it has in the intermediate range of other counties in the greater region when ranked by value of homes built 1940 to 1949 at $95,200 of the total.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Wabash County residents. it has a Owner-Household Size of 2.4 which is the second smallest when sorted by homeowner household size of all the other counties in the surrounding region. The county with the highest homeowner household size in the area is Kosciusko County which depicts a homeowner household size of 2.6 (9.2% larger).

Figure 37 shows the household size for renters. Wabash County shows it has a Renter-Household Size of 2.1 which is the smallest as measured by renter household size of all the other counties in the surrounding region. The county with the highest renter household size in the area is Miami County which shows a renter household sizes of 2.7 (27.4% larger). Figure 38 shows the year that people who own homes moved into this region. has the smallest proportion of owners moved in 2010 to 2014 at 23% of the total. Figure 39 shows the year that people who rent moved into the area. Wabash County has one of the largest proportions of renters moved in 2019 or later at 56% of the total and is ranked #2. The only larger county being Fulton County with 57%.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2004 which is the second smallest when sorted by median year that a home owner moved in of all the other counties in the local area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of homes using wood at 0% of the total and is ranked #1. Second, it has less than most other counties in the metropolitan area as measured by homes using solar energy at 1% of the total.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Wabash County housing department, Indiana department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Wabash County shows it has a Total In Group Quarters of 1,848 which is the third most number of people in group quarters of all other counties in the greater Wabash County region.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Wabash County residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Wabash County has the smallest proportion of number of people under 18 years of age and in group quarters at 91% of the total.