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These days, finding an affordable place to live in the Wadena area can be challenging. Home prices in Wadena are now at a median cost of $219,890, lower than the Indiana average of $232,932.
The average cost of rent is $603/mo in Wadena, primarily driven by the current value of real estate in the Wadena area. In Wadena, 23.73% of households rent, and 52.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wadena is $4,869 per month. Households that rent pay about 12.40% of their income on rent here. Wadena’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Goodland, IN: less expensive homes
- Lochiel, IN: higher priced homes
- Fowler, IN: less expensive homes
- Earl Park, IN: less expensive homes
- Remington, IN: less expensive homes
- Swanington, IN: higher priced homes
- Kentland, IN: less expensive homes
- Raub, IN: less expensive homes
- Foresman, IN: less expensive homes
- Brook, IN: less expensive homes
Cities with Similar Populations
- Rockvale, KY: equally priced homes
- Neshannock Falls, PA: less expensive homes
- Neuchatel, KS: equally priced homes
- Rialto, TN: less expensive homes
- Riddlesburg, PA: less expensive homes
- Ridge, MD: higher priced homes
- Rimrock, CA: higher priced homes
- River Road, WA: higher priced homes
- Rivermoor, MA: higher priced homes
- Riverside Park, NE: equally priced homes
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