In Wabash, a typical home is worth $116,500 and typical rent is $739 a month. Compared with all of Wabash County, the typical home value is 26% lower, typical household income is 20% lower, and the share of households that own their home is 10 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $132,256 to $183,278.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Wabash is in Wabash County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Wabash County. See the county
What this place has that others do not, from public data, most unusual first.
1
Wabash has the 6th lowest typical rent of the 132 cities in Indiana with more than 5,000 people ($739).
2
Nearby, in Marion, the typical home value is $85,300: 27% less than in Wabash ($116,500).
3
The typical home in Wabash is worth $116,500,26% less than in Wabash County as a whole ($157,200).
4
The typical household income in Wabash is $53,410,20% less than in Wabash County as a whole ($66,806).
5
71% of households in Wabash own their home, against 80% in Wabash County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Wabash
What homes there are in Wabash, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Wabash
Wabash County
Indiana
United States
Kind of home: Wabash and its comparisons
Measure
Wabash
Wabash County
Indiana
United States
Detached house
79%
83%
73%
61%
Attached house
Unreliable estimate
Unreliable estimate
4%
6%
Building of 2 to 4
8%
5%
6%
8%
Apartments (5 or more)
Unreliable estimate
6%
13%
19%
Mobile home
Unreliable estimate
5%
4%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses are the majority in Wabash (79%), but less so than in Wabash County (83%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Wabash
Wabash County
Indiana
United States
Year built: Wabash and its comparisons
Measure
Wabash
Wabash County
Indiana
United States
Before 1960
61%
51%
31%
26%
1960–1979
20%
22%
24%
24%
1980–1999
13%
17%
23%
25%
2000–2009
Unreliable estimate
8%
12%
14%
2010 or later
Unreliable estimate
3%
10%
11%
Homes in Wabash are older: the typical year built is 1954; in Wabash County, 1959.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K39%
$100K–$200K41%
$200K–$300K14%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Wabash and its comparisons
Measure
Wabash
Under $100K
39%
$100K–$200K
41%
$200K–$300K
14%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50015%
$500–$99964%
$1,000–$1,499Unreliable
HUD fair market rent, 2 bedrooms: $1,014
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Wabash and its comparisons
Measure
Wabash
Under $500
15%
$500–$999
64%
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
At least 79% of rented homes in Wabash cost less than $1,000, below HUD's 2-bedroom fair market rent ($1,014).
With a mortgage
$1,038 a month
Wabash County: $1,147 a month
Without a mortgage
$389 a month
Wabash County: $426 a month
Owners with a mortgage
61%
Wabash County: 63%
The typical cost for an owner with a mortgage in Wabash is $1,038 a month, less than in Wabash County ($1,147); without one, $389.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Wabash+41%
Wabash County+56%
Indiana+54%
United States+53%
Typical rent
WabashNo clear change
Wabash CountyNo clear change
Indiana+29%
United States+33%
Typical household income
Wabash+19%
Wabash County+23%
Indiana+28%
United States+29%
Change since 2015–2019: Wabash and its comparisons
Measure
Wabash
Wabash County
Indiana
United States
Typical home value
+41%
+56%
+54%
+53%
Typical rent
No clear change
No clear change
+29%
+33%
Typical household income
+19%
+23%
+28%
+29%
Homes in Wabash gained value more slowly than in Wabash County: 41% since 2015–2019, against 56%.
Since 2015–2019, the typical rent in Wabash did not change clearly, according to the Census.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Wabash and its comparisons
Measure
Wabash
Wabash County
Indiana
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
5.6%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
Unreliable estimate
1.8%
3.4%
People per household
2.25
2.30
2.46
2.53
Drive alone
84%
81%
76%
69%
Carpool
10%
9%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
3%
2%
3%
Work from home
Unreliable estimate
6%
11%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
By size, households in Wabash look like those in Wabash County: 2.25 people on average.
The car rules in Wabash: 84% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.
Do the math
What would you pay each month for a home in Wabash?
A typical home is within reach of the typical income
We start with a typical home in Wabash, worth $116,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 21% of the typical household income in Wabash, which is $53,410 a year.
The calculator's FHA and conventional loan limits are those of all of Wabash County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Wabash. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $4,078 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$939
at 7.18% · 30 years
Loan amount
$114,389
Total interest
$164,579
Paid off in
November 2056
Includes $1,967 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,246 a month
Your payment · 21%
Tight
$1,246 to $1,602 a month
Hard
more than $1,602 a month
Compared with the typical household income in Wabash ($53,410 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$775
Property tax
$64
Home insurance
$49
FHA mortgage insurance (MIP)
$52
You need at least $4,078 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $939; principal and interest $775.
The city and its county
Wabash and Wabash County
Wabash is in Wabash County, Indiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Wabash
Map of Wabash County, Indiana, with Wabash marked. Around it, the neighboring counties.
Wabash
Wabash County
Other cities with a page
Wabash's own numbers
Typical home value
$116,500
Typical monthly rent
$739
Typical yearly household income
$53,410
Households that own their home
71%
Effective property tax rate
0.66%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Wabash County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,014
Price change over 5 years (FHFA)
+56%
Homes in a high flood-risk zone
1.7%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Wabash County.
A typical home in Wabash is worth $116,500: 26% below the county and 47% below Indiana. With the typical household income in Wabash ($53,410 a year), a typical home costs 2.2 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Wabash2.2 years
County2.4 years
Indiana3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Wabash County
According to FHFA’s house price index, home prices in Wabash County rose 94% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Wabash County.
Yearly change in FHFA’s price index in Wabash County, 2016 to 2025
2016: +1.6% +1.6% 2016
2017: +2.1% +2.1% 2017
2018: +6.9% +6.9% 2018
2019: +7.4% +7.4% 2019
2020: +4.3% +4.3% 2020
2021: +11.0% +11.0% 2021
2022: +14.2% +14.2% 2022
2023: +12.1% +12.1% 2023
2024: +4.1% +4.1% 2024
2025: +5.5% +5.5% 2025
Change in FHFA’s price index in Wabash County, Indiana and the United States
Period
County
Indiana
U.S.
Last year (2025)
+5.5%
+4.3%
+2.9%
5 years (2020–2025)
+56%
+53%
+47%
10 years (2015–2025)
+94%
+95%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Wabash next to Wabash County, Indiana and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Wabash$116,500
County$157,200
Indiana$218,200
United States$332,700
Typical monthly rent
Wabash$739
County$762
Indiana$1,062
United States$1,413
Typical yearly household income
Wabash$53,410
County$66,806
Indiana$71,957
United States$80,734
See the full table
Wabash next to Wabash County and Indiana
Measure
Wabash
Wabash County
Indiana
U.S.
Typical home value
$116,500 ▼26% below the county
$157,200
$218,200
$332,700
Typical monthly rent
$739 ▼3% below the county
$762
$1,062
$1,413
Typical yearly household income
$53,410 ▼20% below the county
$66,806
$71,957
$80,734
Households that own their home
71% ▼10 points below the county
80%
71%
65%
Typical yearly property tax
$764 ▼6% below the county
$813
$1,614
$3,119
Effective property tax rate
0.66% ▲0.14 points above the county
0.52%
0.74%
0.94%
Renters with high rent for their income
37% ▼2 points below the county
39%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Wabash County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Wabash
For a typical $116,500 home in Wabash, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Wabash's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$939a month
Least cash to close
Down payment
$4,078
Cash to close
$7,573
Rate
7.18%
Mortgage insurance
FHA MIP · $52
Conventional, 5% down$918a month
Down payment
$5,825
Cash to close
$9,320
Rate
7.18%
Mortgage insurance
PMI · $55
Conventional, 20% down, no PMI$744a month
Down payment
$23,300
Cash to close
$26,795
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$852a month
Down payment
$17,475
Cash to close
$20,970
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Wabash
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$939
$4,078
$114,390
7.18%
FHA MIP · $52
$7,573
580
Conventional, 5% down
$918
$5,825
$110,675
7.18%
PMI · $55
$9,320
620*
Conventional, 20% down, no PMI
$744
$23,300
$93,200
7.18%
None
$26,795
620*
ITIN, 15% down (example)
$852
$17,475
$99,025
8.18%
None
$20,970
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Wabash is $739 a month: 3% below the county. In Wabash, 37% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Wabash County, by unit size. To pay the 2-bedroom one ($1,014 a month) without spending more than 30% of your income, you would need to earn $19.50 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Wabash County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$759
$14.60
$30,360
1 bedroom
$775
$14.90
$31,000
2 bedrooms
$1,014
$19.50
$40,560
3 bedrooms
$1,208
$23.23
$48,320
4 bedrooms
$1,348
$25.92
$53,920
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Wabash
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Wabash is in ZIP code 46992.
For 2 bedrooms it is $1,010: $4 less than the fair market rent for Wabash County ($1,014).
Fair market rent by ZIP code and size in Wabash, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
46992
$760
$780
$1,010
$1,210
$1,360
ZIP code2 bd3 bd
46992 $1,010$1,210
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Wabash when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Wabash County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Wabash or Wabash County. The ones below are statewide in Indiana: they work in Wabash the same as in the rest of the state.
Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage.Offered by Indiana Housing and Community Development Authority (IHCDA).
Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends.Offered by Indiana Housing and Community Development Authority (IHCDA).
No legal help resource on our list is for Wabash or Wabash County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Wabash and all of Wabash County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Wabash?
The typical home value in Wabash is $116,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Wabash County it is $157,200.
How much does it cost to rent in Wabash?
Typical rent in Wabash is $739 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Wabash County is $1,014.
What is the FHA loan limit in Wabash?
Wabash uses the FHA limit for all of Wabash County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Wabash?
The typical homeowner in Wabash pays $764 a year, according to the U.S. Census Bureau. That is 0.66% of the home’s value; in Wabash County, the rate is 0.52%.
Where can I find free help to buy or rent in Wabash?
We found no HUD-approved counseling agencies with an office in Wabash County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
