Quick facts: Waynetown, IN

Quick Facts

95.3
Cost of Living
below US average
966
Population
Crime rate Data is updating, will be available soon
$56,000
Median Income
below US average
$275,000
Median House Price
above US average
$1317
Average Rent
below US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $56,000.

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Income Needed to Buy

βœ— Stretch
$86k/year
Based on $275,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $86k vs median $56,000
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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 $56,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Waynetown, IN

Waynetown is a small town located in Montgomery County, Indiana. With a population of just around 1,500 residents, it offers a close-knit community atmosphere. The town is situated about 10 miles south of Lafayette and is surrounded by beautiful rural landscapes, characterized by rolling hills and farmland. Waynetown has a rich history, founded in the mid-19th century, and retains several historic buildings and charming homes that reflect its past. The town features a few local shops, restaurants, and parks, providing essential services and recreational opportunities for residents. Outdoor enthusiasts can enjoy the nearby hiking trails and scenic nature in the area, while nearby cities offer additional amenities, including larger shopping areas and entertainment options. The local community often comes together for various events and festivals, enhancing the town’s friendly vibe. Waynetown's location offers residents the best of both worlds – the peace of rural life with convenient access to larger urban centers for more extensive cultural and recreational options.

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