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Affordable
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These days, finding an affordable place to live in the Wakeland area can be challenging. Home prices in Wakeland are now at a median cost of $196,923, lower than the Indiana average of $232,932.
The average cost of rent is $1,294/mo in Wakeland, primarily driven by the current value of real estate in the Wakeland area. In Wakeland, 7.36% of households rent, and 37.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wakeland is $8,051 per month. Households that rent pay about 16.08% of their income on rent here. Wakeland’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Plano, IN: equally priced homes
- Paragon, IN: less expensive homes
- Quincy, IN: less expensive homes
- Browns Crossing, IN: equally priced homes
- Whitaker, IN: higher priced homes
- Eminence, IN: equally priced homes
- McDaniel, IN: equally priced homes
- Monrovia, IN: higher priced homes
- Martinsville, IN: higher priced homes
- Centerton, IN: higher priced homes
Cities with Similar Populations
- Magnet Cove, AR: less expensive homes
- Meade, OH: higher priced homes
- McKittrick, MO: higher priced homes
- McHue, AR: less expensive homes
- McClelland, IA: higher priced homes
- Mc Lean, NY: higher priced homes
- Maupin, OR: higher priced homes
- Mather, PA: less expensive homes
- Matheny, WV: less expensive homes
- Mashulaville, MS: less expensive homes
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