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Economy, IN
Full City Profile · Indiana · Wayne County County
2.6
/5.0
C+
Fair
150
Population
1,667/sq mi density
$44,063
Median Income
$24,467 per capita
$50,000
Home Value
$251,715 Zillow
$708
Median Rent
17.5% income on rent
50°F
Avg Temperature
297 sunny days/yr
285
Violent Crime/100K
1,425 property/100K
C+
Overall
2.6 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.6 / 5.0
$44,063 median income, 3.0% unemployment
A+
Affordability
5.0 / 5.0
$50,000 home value, $708/mo rent
F
Safety
1.0 / 5.0
285 violent crimes/100K
D
Education
1.8 / 5.0
10.4% bachelor's degree or higher
Housing Overview
Median Home Value
$50,000
82% below
US avg: $281,900
Median Rent
$708/mo
39% below
US avg: $1,163/mo
Homeownership Rate
91.5%
40% above US avg (65.4%)
Total Housing Units
73
Median year built: 1938
Home Value by Source
Census Median
$50,000
Zillow (ZHVI)
$251,715
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
91.5%
Owner-Occupied
8.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent:
$708/mo
Affordability & Housing Stock
Rent Burden
17.5%
of renters spending 30%+ of income on housing
44% below US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
91.5%
Complete Housing Data
Home Values
| Census Median Value | $50,000 |
| Zillow Home Value (ZHVI) | $251,715 |
Rent
| Census Median Rent | $708 |
| FMR Studio | $816 |
| FMR 1-Bedroom | $882 |
| FMR 2-Bedroom | $1,096 |
| FMR 3-Bedroom | $1,391 |
| FMR 4-Bedroom | $1,590 |
Market
Ownership & Stock
| Owner-Occupied | 91.5% |
| Renter-Occupied | 8.5% |
| Homeownership Rate | 91.5% |
| Total Housing Units | 73 |
| Median Year Built | 1938 |
| Rent Burden | 17.5% |