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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Wheatfield, IN Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Wheatfield, IN Housing Market Trends

With a population of 935, 318 total housing units (homes and apartments), and a median house value of $224,347, house prices in Wheatfield are solidly below the national average.

Single-family detached homes are the single most common housing type in Wheatfield, accounting for 75.28% of the town's housing units. Other types of housing that are prevalent in Wheatfield include duplexes, homes converted to apartments or other small apartment buildings ( 16.19%), mobile homes or trailers ( 4.83%), and a few large apartment complexes or high rise apartments ( 1.99%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wheatfield. Owner-occupied housing accounts for 70.13% of Wheatfield's homes, and 58.81% have either three or four bedrooms, which is average sized relative to America.

Wheatfield Home Appreciation Rates

Real estate appreciation rates in Wheatfield's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.57% during the period.

Over the last year, Wheatfield appreciation rates have trailed the rest of the nation. In the last twelve months, Wheatfield's appreciation rate has been 4.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wheatfield were at 0.21%, which equates to an annual appreciation rate of 0.86%.

Relative to Indiana, our data show that Wheatfield's latest annual appreciation rate is lower than 70% of the other cities and towns in Indiana.

Average Home Values

Median Home Value

$224,347

Wheatfield, IN Home Prices
> $1,283,000
$962,001 - $1,283,000
$641,001 - $962,000
$513,001 - $641,000
$385,001 - $513,000
$257,001 - $385,000
$128,001 - $257,000
$64,001 - $128,000
$0 - $64,000
0.8%
0.8%
0.0%
0.0%
1.5%
1.5%
3.7%
3.7%
5.8%
5.8%
27.8%
27.8%
47.4%
47.4%
11.1%
11.1%
1.9%
1.9%
0% 100.0%
% of Homes
Average

for Indiana

Low

for nation

Number of Homes And Apartments:

318

Wheatfield Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,649 / per month

Homeownership Rate

Owners
Renters
70.1%
70.1%
29.9%
29.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.7%
9.7%
90.3%
90.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
28.1%
28.1%
21.3%
21.3%
28.1%
28.1%
22.4%
22.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
75.3%
75.3%
1.7%
1.7%
16.2%
16.2%
2.0%
2.0%
4.8%
4.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
6.5%
6.5%
32.1%
32.1%
52.8%
52.8%
6.0%
6.0%
2.6%
2.6%
0% 100.0%
% of Homes

Popular Neighborhoods in Wheatfield

Zip Codes in Wheatfield, IN