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IN area data

Wakarusa, IN

Wakarusa, IN.

Population: 3,936 (Census ACS)

The median home value in Wakarusa, IN is $321,820 — up 5.9% over the past year. Homes sell for a median $172,500 after a median 26 days on market. 3 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Moderate, with coldwave, strongwind, tornado the top-rated hazards. Cost of living is 9.5% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$321,820

Median home value

+5.9%

1-year change

26

Median days on market

Relatively Moderate

Hazard risk (county)

Home values & appreciation

Median home value
$321,820
1-year appreciation
+5.9%
3-year appreciation
+13.9%
5-year appreciation
+29.9%
10-year appreciation
+92.1%
All-time peak (2026-07)
$321,820
House Price Index (state)
367.2 (+2.9% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$172,500
1-year sale-price change
-23.0%
Median days on market
26 days
Homes sold (recent period)
1
For-sale inventory
4
Sale-to-list ratio
95.9%
Active listings
1
1-year forecast
+3.1%

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$750/mo
1BR fair-market rent
$937/mo
2BR fair-market rent
$1,156/mo
3BR fair-market rent
$1,502/mo
4BR fair-market rent
$1,734/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Below Average)
90.5 (100 = US avg)
Electricity rate (state-level)
16.2¢/kWh
Natural gas rate (state-level)
$11.50/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
3
Elementary schools
2
Middle schools
1
High schools
0
School districts serving the area
Penn-Harris-Madison School Corp, Wa-Nee Community Schools
Schools include
Madison Elementary School, Wakarusa Elementary School, North Wood Middle School

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Moderate
Top hazards (county)
coldWave, strongWind, tornado, hail, iceStorm
Notable hazard ratings (county)
coldWave: Relatively High · drought: Relatively Low · earthquake: Relatively Low · hail: Relatively Moderate · heatWave: Relatively Low · iceStorm: Relatively Moderate
FEMA flood zone
A
Flood risk level
High
Wildfire risk to homes (county)
Higher than 2% of US counties
Buildings in wildfire direct-exposure zone
29.6%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Conrail Rail Yard (Elkhart) (8.8 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Annual precipitation
40.7 in
USDA plant hardiness zone
6a (extreme annual low -10 to -5°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Good
Median AQI (annual)
44
Days with Good air quality
228
Days with Moderate air quality
130
Days with Unhealthy air quality
2
Highest AQI recorded (year)
193

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
8.5 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
22,832
Jobs reachable by transit (45 min)
19,911

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
1
Nearest national park
Indiana Dunes National Park (54 mi)
Airports within 30 mi
46
Nearest airport
Eby Field (1 mi)
Nearest major airport
South Bend International Airport (SBN) (17 mi)
Hospitals nearby (~15 mi)
10
Hospitals include
SAINT JOSEPH REGIONAL MEDICAL CENTER, UNITY PHYSICIANS HOSPITAL, MEDICAL BEHAVIORAL HOSPITAL - MISHAWAKA
Avg hospital rating (CMS)
2.8 / 5
Best hospital rating nearby (CMS)
4.0 / 5
Solar radiation rating
Fair (3.8 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
-413 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,962
Housing built before 1970
54.7%
Housing built 2000 or later
12.0%
Median annual property tax
$1,972
Mean commute to work
23 min
Households with broadband internet
68.5%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
122,926
Average weekly wage
$1,156
Top industries (by employment)
Health Care, Wholesale Trade, Accommodation & Food
Annual residential building permits (county)
338

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

WakarusaState medianUS median
Median home value$321,820$237,170$289,727
Median sale price$172,500$238,000$325,000
Median days on market26 days38 days51 days
Median annual property tax$1,972$1,179$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in Wakarusa, IN?
$321,820.
What is the median sale price in Wakarusa, IN?
$172,500.
How long do homes take to sell in Wakarusa, IN?
Median days on market: 26 days.
What is typical rent in Wakarusa, IN?
2-bedroom fair-market rent: $1,156/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in Wakarusa, IN?
Overall risk: Relatively Moderate (FEMA NRI, county-level). Top hazards: coldWave, strongWind, tornado, hail, iceStorm.
Is Wakarusa, IN in a flood zone?
High (FEMA NFIP). FEMA flood zone A.
What is the wildfire risk in Wakarusa, IN?
Risk to homes is higher than 2% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Wakarusa, IN?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Wakarusa, IN?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve Wakarusa, IN?
3 schools (2 elementary, 1 middle) (NCES, 2022-23).
Is Wakarusa, IN walkable?
Walkability index: 8.5/20 (EPA Smart Location Database).
What is the air quality in Wakarusa, IN?
Good. Median AQI: 44. (EPA AQI).
What is the cost of living in Wakarusa, IN?
Regional Price Parity: 90.5 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

ZIP code for Wakarusa

Selling a home in Wakarusa, IN?

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents