Housing in Waltz

A typical Waltz home is worth roughly $222,000

Home prices around Waltz have risen about 51% over the past 5 years.

Typical home value

$222K

▲ 3.2% in a year · IN $260K

Estimate

2-bedroom rent

$980

a month, utilities in · HUD

Median tax bill

$783

IN $1,614

Price trend

Home prices up 51% in 5 years

The federal house price index for the ZIP codes around Waltz rose 51% over the past 5 years, about the same as across Indiana. Last year prices rose 3.2%. Carrying the Census median home value forward with that index puts the typical Waltz home at roughly $222,000 today.

Waltz areaIndiana

+3.2%

past year

+51%

past 5 years

+88%

past 10 years

Estimated value

Carrying the Census median forward with the index puts a typical home at about $222K.

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Waltz, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Affordability

A typical home costs 2.6 years of income

Less than across Indiana (3.6 years). Try your own numbers below.

You could afford about

$354,000

Typical Waltz home $222K

That covers a typical Waltz home, with $132K to spare.

The typical home, each month

$1,240

Loan $1,100Tax $80Insurance $60

A two-bedroom rents for about $980 a month here, $260 less than owning.

Where your budget reaches nearby

Richland$220K Butler$233K Noble$144K Liberty$136K Jackson$161K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Waltz’s typical property tax (0.43% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $980

Renters already here pay a median of $671, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$710

1 bedroom$750

2 bedrooms$980

3 bedrooms$1,180

4 bedrooms$1,310

16%

of households rent · IN 29%

renter households

79%

of renters spend 30%+ of income on rent · IN 48%

14%

of the median income, for a two-bedroom

$671

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Miami County, IN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

84% of Waltz households own their home

Half of Waltz’s homes were built before 1976.

Owners and renters

Own 84%Rent 16%

Indiana: 71% own.

1976

typical home built · IN 1976

$783

median property tax bill · IN $1,614

0.43%

of a home’s value, a year in tax · IN 0.74%

U.S. Census Bureau, American Community Survey 2020-2024.

Next door

Waltz vs. its neighbors

Waltz is the 2nd priciest of 6 neighboring towns. Tap one to see its housing page.

Butler$233K Waltz$222K Richland$220K Jackson$161K Noble$144K Liberty$136K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Waltz	$222K*	+3.2%†	$980	$85,268
Richland	$220K*	—	$960	$95,635
Butler	$233K*	+2%†	$990	$67,434
Noble	$144K*	+3.7%†	$960	$64,539
Liberty	$136K*	—	$1,060	$65,046
Jackson	$161K*	—	$970	$85,750

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Waltz buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Waltz still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.