All Countries
Waveland, IN
Full City Profile · Indiana · Parke County County
2.9
/5.0
C+
Fair
431
Population
1,390/sq mi density
$60,956
Median Income
$22,406 per capita
$96,800
Home Value
$226,231 Zillow
$920
Median Rent
27.5% income on rent
52°F
Avg Temperature
293 sunny days/yr
1,261
Violent Crime/100K
2,834 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$60,956 median income, 3.7% unemployment
A+
Affordability
5.0 / 5.0
$96,800 home value, $920/mo rent
F
Safety
1.0 / 5.0
1,261 violent crimes/100K (232% above avg)
D
Education
2.0 / 5.0
12.3% bachelor's degree or higher
Housing Overview
Median Home Value
$96,800
66% below
US avg: $281,900
Median Rent
$920/mo
21% below
US avg: $1,163/mo
Homeownership Rate
84.6%
29% above US avg (65.4%)
Total Housing Units
171
Median year built: 1938
Home Value by Source
Census Median
$96,800
Zillow (ZHVI)
$226,231
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
84.6%
Owner-Occupied
15.4%
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:
$920/mo
Affordability & Housing Stock
Rent Burden
27.5%
of renters spending 30%+ of income on housing
11% below US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
84.6%
Complete Housing Data
Home Values
| Census Median Value | $96,800 |
| Zillow Home Value (ZHVI) | $226,231 |
Rent
| Census Median Rent | $920 |
| 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 | 84.6% |
| Renter-Occupied | 15.4% |
| Homeownership Rate | 84.6% |
| Total Housing Units | 171 |
| Median Year Built | 1938 |
| Rent Burden | 27.5% |