Wabash County, IL

Comprehensive housing, income, and cost of living data for Wabash County, Illinois. Population: 11.3K.

Median Home Price
$120.6K

Based on 3 cities

Median Household Income
$53.6K

Annual household income

Price-to-Income Ratio
2.2x

Highly affordable

Salary Needed to Buy
$33.8K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax
$1,528

Average annual amount

Effective Tax Rate
1.27%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$610
Property Tax$127
Insurance$50.26
Total Monthly$788
Historical Home Prices
2016
$103.3K
2017
$93.9K
-9.1%%
2018
$97.8K
+4.1%%
2019
$112.0K
+14.6%%
2020
$110.6K
-1.3%%
2021
$122.4K
+10.7%%
2022
$130.6K
+6.7%%
2023
$112.8K
-13.7%%
2024
$115.7K
+2.5%%
2025
$121.3K
+4.8%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
4.8%%

Near national average

Population Density
51

People per square mile

Political Lean (2020)
Competitive

R+1

Racial Demographics

White
93.7%
Black
1%
Hispanic
1.9%
Asian
1.3%
Two or More Races
2.1%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature
56°F

Annual average

Sunny Days
178

Days per year

Annual Rainfall
47.4"

Inches per year

Natural Disaster Risk
Moderate Risk

Score: 25/100

Frequently Asked Questions

What is the median home price in Wabash County, IL?

The median home price in Wabash County, Illinois is $120.6K. The price-to-income ratio is 2.2x, meaning the median home costs 2.2 times the median household income.

What salary do you need to buy a home in Wabash County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $33.8K per year to buy the median home in Wabash County, IL. Monthly housing costs break down to $610 for mortgage, $127 for property tax, and $50.26 for insurance.

What is the property tax rate in Wabash County?

The effective property tax rate in Wabash County is 1.27%, which comes to approximately $1,528 per year on the median home.

What is the median household income in Wabash County?

The median household income in Wabash County, Illinois is $53.6K per year, based on Census Bureau American Community Survey data. The unemployment rate is 4.8%%.

Is Wabash County a good place to live?

Wabash County, Illinois has a population of 11.3K. Housing affordability is strong with a price-to-income ratio of 2.2x. The climate averages 56 degrees F with 178 sunny days per year. Compare Wabash County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.