Wabash, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Wabash, IN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Wabash Housing Market Information

With 10,381 people, 4,514 houses or apartments, and a median cost of homes of $86,023, house prices in Wabash are some of the most affordable in Indiana as well as the nation.

Single-family detached homes are the single most common housing type in Wabash, accounting for 73.61% of the city's housing units. Other types of housing that are prevalent in Wabash include duplexes, homes converted to apartments or other small apartment buildings ( 13.35%), large apartment complexes or high rise apartments ( 7.86%), and a few row houses and other attached homes ( 3.50%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wabash. Owner-occupied housing accounts for 65.17% of Wabash's homes, and 57.97% have either three or four bedrooms, which is average sized relative to America.

The housing in Wabash was primarily built before 1939 ( 42.96%), making the housing stock in Wabash some of the oldest overall in America, although there is a range of ages of homes in Wabash. The next most important housing age is between 1940-1969 ( 33.52%), followed by between 1970-1999 ( 20.62%). There's also some housing in Wabash built between 2000 and later ( 2.89%).

Vacant housing appears to be an issue in Wabash. Fully 11.77% of the housing stock is classified as vacant. Left unchecked, vacant Wabash homes and apartments can be a drag on the real estate market, holding Wabash real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Wabash Home Appreciation Rates

Real estate appreciation rates in Wabash's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.09% during the period.

NeighborhoodScout's data show that during the latest twelve months, Wabash's appreciation rate, at 3.33%, has been at or slightly above the national average. In the latest quarter, Wabash's appreciation rate has been -1.14%, which annualizes to a rate of -4.49%.

Notably, Wabash's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Indiana, our data show that Wabash's latest annual appreciation rate is higher than 50% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$86,023

Wabash, IN HOME PRICES

Value Range
> $1,040,000 0.0
$780,001 - $1,040,000 0.0
$520,001 - $780,000 0.3
$416,001 - $520,000 0.2
$312,001 - $416,000 0.2
$208,001 - $312,000 3.1
$104,001 - $208,000 25.5
$52,001 - $104,000 56.5
$0 - $52,000 14.2

Very Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
86.7397163951717 87.10407239819

Number Of Homes And Apartments:
4,514

Wabash Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
8.79% 0.49% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$739 / per month

Homeownership Rate

Homeownership
Owners 65.17
Renters 34.83
Vacant 11.77

Housing Market Details

 

Age of Homes

AGE OF Wabash HOMES
2000 or Newer 2.9
1970 - 1999 20.6
1940 - 1969 33.5
1939 or Older 43.0

Types of Homes

TYPE OF Wabash HOMES
Single-Family 73.6
Townhomes 3.5
Small Apt. Buildings 13.4
Apt. Complexes 7.9
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Wabash HOMES
No Bedroom 2.31
1 Bedroom 8.85
2 Bedrooms 29.52
3 Bedrooms 45.15
4 Bedrooms 12.82
5 or more bedrooms 1.35

Popular Neighborhoods in Wabash

Zip Codes in Wabash, IN