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Wakarusa

Learn about the people, housing, costs and businesses in Wakarusa, Indiana

Median Home$239,625
Median Rent$1,009/month
Population1,998
Leading IndustriesRetail · Professional Services · Construction26% retail
Home Value Growth⬆⬆+11.3% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners87% of occupied units
Wakarusa
IN

Frequently Asked Questions

What are today's mortgage rates in Wakarusa?

As of today, the 30-year fixed mortgage rate for Wakarusa is approximately 6.963% (7.002% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Wakarusa?

The median home value in Wakarusa is $240k. The median monthly rent is $1,009. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wakarusa?

Home values in Wakarusa have increased 11.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Wakarusa?

Based on a typical all-in ownership cost of $1,067/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wakarusa is $82k/year.

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What industries drive the economy in Wakarusa?

The largest employment sectors in Wakarusa are retail (26%) and public administration (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.