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Wells County

Learn about the people, housing, costs and businesses in Wells County County

Median Home$198,728
Median Rent$798/month
Population28,420
Leading IndustryRetail23% of local workforce
Home Value Growthโฌ†โฌ†+17.8% over 2 years
Family-Friendly25% of residentsabove average nationally
Homeowners76% of occupied units
Wells County
IN

Frequently Asked Questions

What are today's mortgage rates in Wells County?โ€บ

As of today, the 30-year fixed mortgage rate for Wells County is approximately 7.057% (7.089% 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 Wells County?โ€บ

The median home value in Wells County is $199k. The median monthly rent is $798. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wells County?โ€บ

Home values in Wells County have increased 17.8% 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 Wells County?โ€บ

Based on a typical all-in ownership cost of $875/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income โ€” a common lender guideline. The median household income in Wells County is $73k/year.

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What industries drive the economy in Wells County?โ€บ

The largest employment sectors in Wells County are retail (23%) and public administration (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

๐Ÿ—บ๏ธ Nearby Areas

Adjacent counties and areas