Housing in Wayne

A typical Wayne home is worth roughly $246,000

Typical home value

$246K

IN $260K

Estimate

2-bedroom rent

$1,220

a month, utilities in · HUD

Median tax bill

$1,379

IN $1,614

What kind of housing town is Wayne?

Read from the numbers below. The page puts what stands out first.

A town of owners93% of households own their home.

★ What stands out · The homes

93% of Wayne households own their home

Half of Wayne’s homes were built before 1991.

Owners and renters

Own 93%Rent 7%

Indiana: 71% own.

1991

typical home built · IN 1976

$1,379

median property tax bill · IN $1,614

0.56%

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

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

Affordability

A typical home costs 2 years of income

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

You could afford about

$511,000

Typical Wayne home $246K

That covers a typical Wayne home, with $265K to spare.

The typical home, each month

$1,400

Loan $1,220Tax $110Insurance $70

A two-bedroom rents for about $1,220 a month here, $180 less than owning.

Where your budget reaches nearby

Shelby$330K Shadeland$419K Union$270K Davis$124K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Wayne’s typical property tax (0.56% 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 $1,220

Fair Market Rent a month, utilities included

Studio$880

1 bedroom$1,020

2 bedrooms$1,220

3 bedrooms$1,470

4 bedrooms$1,960

of households rent · IN 29%

renter households

46%

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

12%

of the median income, for a two-bedroom

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

Next door

Wayne vs. its neighbors

Wayne is the 2nd least expensive of 5 neighboring towns. Tap one to see its housing page.

Shadeland$419K Shelby$330K Union$270K Wayne$246K Davis$124K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Wayne	$246K*	—	$1,220	$125,213
Shelby	$330K*	+0.9%†	$1,260	$94,688
Shadeland	$419K	+3.7%	$1,270	$82,708
Union	$270K*	+1.5%†	$1,270	$82,708
Davis	$124K*	+25.9%†	$1,050	$70,052

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 Wayne buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Wayne 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. 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.