Quick facts: Ossian, IN

Quick Facts

95.3
Cost of Living
below US average
3,359
Population
1.49
Crime Rate per 1000
below US average
$56,326
Median Income
below US average
$289,900
Median House Price
above US average
$1317
Average Rent
below US average
10%
Poverty Rate
below US average
2.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $56,326.

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Income Needed to Buy

βœ— Stretch
$91k/year
Based on $289,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $91k vs median $56,326
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Income Needed to Rent

⚠ Stretch
$56k/year
Based on $1317/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $56k vs median $56,326
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ossian, IN

Ossian is a small town located in Wells County, Indiana. With a population of around 3,500, it offers a quaint, tight-knit community atmosphere. The town is situated just a few miles east of the larger city of Bluffton and around 25 miles southwest of Fort Wayne, making it a peaceful retreat with easy access to urban amenities. Ossian features a mix of small businesses, local shops, and dining options, reflecting its charming, rural character. The town is known for its historical architecture, community parks, and recreational opportunities, including outdoor activities and events that bring residents together. The area is served by the Northern Wells Community Schools, providing education from elementary through high school levels. Ossian's location in Indiana grants residents a taste of both serene country living and proximity to larger metropolitan areas, making it an appealing choice for families and individuals seeking a quieter lifestyle while staying connected to city conveniences. Overall, Ossian embodies the charm of small-town America, with a vibrant community spirit and a focus on local traditions and family values.

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