Wells County, IN

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

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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

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

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