Wayne County, IN

Comprehensive housing, income, and cost of living data for Wayne County, Indiana. Population: 66.5K.

Median Home Price
$202.5K

Based on 9 cities

Median Household Income
$56.7K

Annual household income

Price-to-Income Ratio
3.6x

Moderately affordable

Salary Needed to Buy
$51.4K

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

Housing & Finance

Annual Property Tax
$1,101

Average annual amount

Effective Tax Rate
0.54%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$1,024
Property Tax$91.75
Insurance$84.36
Total Monthly$1,200
Historical Home Prices
2015
$82.8K
2016
$87.7K
+6.0%%
2017
$91.9K
+4.7%%
2018
$95.4K
+3.8%%
2019
$99.6K
+4.4%%
2020
$109.5K
+9.9%%
2021
$123.9K
+13.1%%
2022
$135.3K
+9.3%%
2023
$140.3K
+3.7%%
2024
$150.7K
+7.4%%
2025
$161.2K
+7.0%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
3.1%%

Below national average

Population Density
166

People per square mile

Homicide Rate
7.5

Low (per 100K residents)

Political Lean (2020)
Competitive

R+0

Racial Demographics

White
86.2%
Black
4%
Hispanic
3.8%
Asian
1%
Two or More Races
4.5%

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

Climate & Environment

Average Temperature
52°F

Annual average

Sunny Days
201

Days per year

Annual Rainfall
43.7"

Inches per year

Natural Disaster Risk
High Risk

Score: 74/100

Frequently Asked Questions

What is the median home price in Wayne County, IN?

The median home price in Wayne County, Indiana is $202.5K. The price-to-income ratio is 3.6x, meaning the median home costs 3.6 times the median household income.

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

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $51.4K per year to buy the median home in Wayne County, IN. Monthly housing costs break down to $1,024 for mortgage, $91.75 for property tax, and $84.36 for insurance.

What is the property tax rate in Wayne County?

The effective property tax rate in Wayne County is 0.54%, which comes to approximately $1,101 per year on the median home.

What is the median household income in Wayne County?

The median household income in Wayne County, Indiana is $56.7K per year, based on Census Bureau American Community Survey data. The unemployment rate is 3.1%%.

Is Wayne County a good place to live?

Wayne County, Indiana has a population of 66.5K. Housing affordability is strong with a price-to-income ratio of 3.6x. The climate averages 52 degrees F with 201 sunny days per year. Compare Wayne County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.