Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$253,270+5.8% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 40% have cut their price
Income needed to buy, per year$54,904About 0.7× the local median income ($76,864): affordable for a typical household
Days on market45 daysAbout the same pace as a year ago
Next 12 months+3.8%Zillow expects prices to rise slightly
The typical home in Wells County, IN is worth $253,270, up 5.8% from a year ago. That is well above what local incomes have historically supported: fair value is about $211,373, so the area is 19.8% overvalued. It is a balanced market, leaning toward sellers: homes take about 45 days to sell, listings are up 4% from a year ago, 40% of listings have had a price cut. Zillow expects prices to rise about 3.8% over the next year. A household needs about $54,904 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $76,864. In the latest IRS figures, 68 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$253,270
Change in 1 year
+5.8%
Overvalued %
+19.8%
Show 7 more
Fair home value
$211,373
Change in 5 years
+35.9%
Zillow forecast, next 12 months
+3.8%
Home value to income
3.3×
Monthly mortgage payment (20% down)
$1,373
Income needed to afford it
$54,904
Property tax rate
0.54%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,102
Market activity
Listings vs a year ago
+4.4%
Days on market
45
Listings with a price cut
40.5%
Show 3 more
Homes for sale
47
Pending sales per 100 listings
66
Asking price per sq ft
$158
People and jobs
Median household income
$76,864
Population change (1 year)
+0.1%
Unemployment rate
2.6%
Show 4 more
Population
28,883
Income adjusted for cost of living
$83,006
Net moves in (IRS)
+68
Cost of living (US = 100)
92.6
Schools, risk and environment
School rating (1 to 10)
6.9
FEMA hazard risk score (0 to 100)
22.8
Flood risk score
37.7
Show 3 more
Wildfire risk score
5.0
Walkability (1 to 20)
5.7
Road, rail and air noise
52 dB
Questions people ask
Is Wells County, IN overvalued?
Home prices in Wells County, IN are well above what local incomes have historically supported: fair value is about $211,373, so the area is 19.8% overvalued.
Is Wells County, IN a buyer's or seller's market?
Wells County, IN is a balanced market, leaning toward sellers: homes take about 45 days to sell, listings are up 4% from a year ago, 40% of listings have had a price cut.
Are home prices going down in Wells County, IN?
Home values in Wells County, IN are up 5.8% over the last year. Zillow's forecast for the next 12 months is +3.8%.
How much do you need to earn to buy a home in Wells County, IN?
A household needs about $54,904 a year to afford the typical home in Wells County, IN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $76,864.