Market Overview
Home Prices in Wabash, IN
The median home value in Wabash, IN is $190,054 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.9% compared to a year ago and up 5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wabash are priced54% below average. Wabash is part of the Wabash, IN metro area.
Over the past five years, Wabash home values have risen by approximately40.2%, reflecting strong long-term appreciation in this market.
Price History
Wabash Home Price Trend
2020
$119,356
$119K
—
2021
$135,567
$136K
+13.6%
2022
$150,645
$151K
+11.1%
2023
$159,013
$159K
+5.6%
2024
$170,916
$171K
+7.5%
2025
$179,496
$179K
+5.0%
2026
$190,054
$190K
+5.9%
City Comparison
Wabash vs. National Median
🏠 Wabash
$190,054
National Median
$410,000
At $190,054, homes in Wabash cost 54% below the national median of $410,000. This makes Wabash a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wabash?
20% Down Payment
$38,011
on $190,054
Monthly P&I
$991/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,259/mo
incl. taxes & insurance
Income Needed
$50,360
gross annual (30% rule)
10% Down Option
$19,005
+ PMI applies
Loan Amount (20% dn)
$152,043
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Wabash, IN?
The median home value in Wabash is $190,054 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.9% year-over-year.
How much have home prices changed in Wabash?
Over the past year, home values in Wabash have increased by 5.9%. Over five years, prices have risen approximately 40.2%.
How much do I need to earn to buy a home in Wabash?
To comfortably afford the median home price of $190,054 with a 20% down payment ($38,011) at today's rates (6.8%), you'd need a gross annual income of approximately $50,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Wabash compare to the national average home price?
The national median home value is approximately $410,000. At $190,054, homes in Wabash are 54% below the national average.
What metro area is Wabash part of?
Wabash is part of the Wabash, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.