Wells County, IN

Comprehensive housing, income, and cost of living data for Wells County, Indiana. Population: 28.2K.

Median Home Price
$245.7K

Based on 9 cities

Median Household Income
$69.7K

Annual household income

Price-to-Income Ratio
3.5x

Moderately affordable

Salary Needed to Buy
$60.9K

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

Housing & Finance

Annual Property Tax
$920

Average annual amount

Effective Tax Rate
0.37%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$1,243
Property Tax$76.67
Insurance$102
Total Monthly$1,422
Historical Home Prices
2015
$119.2K
2016
$126.0K
+5.8%%
2017
$129.1K
+2.4%%
2018
$135.9K
+5.3%%
2019
$146.8K
+8.0%%
2020
$161.1K
+9.8%%
2021
$183.4K
+13.8%%
2022
$198.2K
+8.1%%
2023
$208.1K
+5.0%%
2024
$225.0K
+8.1%%
2025
$234.8K
+4.4%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
3.3%%

Below national average

Population Density
77

People per square mile

Homicide Rate
10.7

Medium (per 100K residents)

Political Lean (2020)
Competitive

R+0

Racial Demographics

White
92.5%
Black
1.1%
Hispanic
3.8%
Asian
0.2%
Two or More Races
2.2%

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

Climate & Environment

Average Temperature
51°F

Annual average

Sunny Days
184

Days per year

Annual Rainfall
40.5"

Inches per year

Natural Disaster Risk
Moderate Risk

Score: 23/100

Frequently Asked Questions

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

The median home price in Wells County, Indiana is $245.7K. The price-to-income ratio is 3.5x, meaning the median home costs 3.5 times the median household income.

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

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $60.9K per year to buy the median home in Wells County, IN. Monthly housing costs break down to $1,243 for mortgage, $76.67 for property tax, and $102 for insurance.

What is the property tax rate in Wells County?

The effective property tax rate in Wells County is 0.37%, which comes to approximately $920 per year on the median home.

What is the median household income in Wells County?

The median household income in Wells County, Indiana is $69.7K per year, based on Census Bureau American Community Survey data. The unemployment rate is 3.3%%.

Is Wells County a good place to live?

Wells County, Indiana has a population of 28.2K. Housing affordability is strong with a price-to-income ratio of 3.5x. The climate averages 51 degrees F with 184 sunny days per year. Compare Wells County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.