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Wells County Housing Market

Indiana · 92 counties · Ranked #1652 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$180,000

vs national$180,000 vs $281,900 national

Median Gross Rent

$837/mo

vs national$837 vs $1,163 national

Effective Tax Rate

0.51%

vs national0.51% vs 1.02% national

Median Household Income

$69,741

vs national$69,741 vs $74,755 national

Affordability Ratio

2.6x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

23.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$920

Tax as % of Home Value

0.51%

Monthly Owner Cost

$911

Renter Income

$39,872

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Wells County?

The median home value in Wells County is $180,000. This is below the national median of $281,900.

How much is rent in Wells County?

The median gross rent in Wells County is $837 per month.

What is the property tax rate in Wells County?

The effective property tax rate in Wells County is 0.51%. The median annual property tax bill is $920.

Is Wells County affordable?

With a home-value-to-income ratio of 2.6x, Wells County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.