Market Overview
Home Prices in Wakarusa, IN
The median home value in Wakarusa, IN is $323,685 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.5% compared to a year ago and up 4.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wakarusa are priced21% below average. Wakarusa is part of the South Bend-Mishawaka, IN-MI metro area.
Over the past five years, Wakarusa home values have risen by approximately31.5%, reflecting strong long-term appreciation in this market.
Price History
Wakarusa Home Price Trend
City Comparison
Wakarusa vs. National Median
At $323,685, homes in Wakarusa cost 21% below the national median of $410,000. This makes Wakarusa a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wakarusa?
20% Down Payment
$64,737
on $323,685
Monthly P&I
$1,688/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,144/mo
incl. taxes & insurance
Income Needed
$85,760
gross annual (30% rule)
10% Down Option
$32,369
+ PMI applies
Loan Amount (20% dn)
$258,948
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 Wakarusa, IN?
The median home value in Wakarusa is $323,685 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.5% year-over-year.
How much have home prices changed in Wakarusa?
Over the past year, home values in Wakarusa have increased by 6.5%. Over five years, prices have risen approximately 31.5%.
How much do I need to earn to buy a home in Wakarusa?
To comfortably afford the median home price of $323,685 with a 20% down payment ($64,737) at today's rates (6.8%), you'd need a gross annual income of approximately $85,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Wakarusa compare to the national average home price?
The national median home value is approximately $410,000. At $323,685, homes in Wakarusa are 21% below the national average.
What metro area is Wakarusa part of?
Wakarusa is part of the South Bend-Mishawaka, IN-MI metropolitan area. Home prices and market conditions can vary across the broader metro region.