Cheap Homes in Waveland, IN

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14 View this home at W Main St Waveland IN 47989
$54,900 List Price

2 Bed | 1 Bath | 1,200 Sq. Ft.

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Home Value Estimator For Waveland, IN

There are currently 461 real estate properties in Waveland, IN, with a median automated valuation model (AVM) price of $186,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Waveland, IN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Waveland, IN, is $221,635.00, with the most expensive house in Waveland, IN, topping out at $834,800.00 and the cheapest home in Waveland, IN, clocking in at $47,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Waveland, IN!

Rent Prices In Waveland, IN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Waveland, IN, is on a rollercoaster ride. The average rent price in Waveland, IN, is $1,148.00. Indeed, when looking to rent in Waveland, IN, you can expect to pay as little as $630.00 or as much as $2,150.00, with the average rent median estimated to be $1,120.00. The good news is that finding an affordable and desirable property to rent in Waveland, IN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Foreclosure Homes in Waveland, IN

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Waveland, IN area at Get information on foreclosure homes for rent, how to buy foreclosures in Waveland, IN and much more. Save thousands at closing with home foreclosure listings in Waveland, IN — up to 75% off market value!

Top Reasons To Live In Waveland, IN In 2023

Waveland is located in Montgomery, Indiana, with an estimated municipal population of 418 residents. All of the best foreclosed homes for sale in Waveland are located in the following zip code areas on 47989. The estimated population per square kilometer (.62 miles) in Waveland is 487.

Cost Of Living In Waveland, IN

So, about how much do homes cost in Waveland? The most recent median value of resident-owned homes in Waveland is 75,774. An estimated 80.8 percent of households in Waveland own their homes, with an average family size of 3.51. The median household income in Waveland is 52,788, with24.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Waveland, the median commute time of resident workers (in minutes) is 24.6. And last, but certainly not least, are you looking for homes to rent in Waveland? If so, the average rent price paid by renters in Waveland is 842, according to recent statistics.

Diversity And Demographics In Waveland, Indiana

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Waveland, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Waveland is 34.2, split between 46.6 percent male versus 53.4 female. The percentage of residents who report being married in Waveland is 64.7, with an average family size of 3.51.

The percentage of residents who report their race in Waveland is as follows:

White 89.8%
Black / African American 0%
Asian 0.4%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 9.4%
Other 0.2%

Looking for family-friendly neighborhoods in and/or near Waveland? Or maybe you are searching for 55+ active adult communities in and/or near Waveland?

The percentage of residents who report their age in Waveland is as follows:

Under 10 14.7%
Aged 10-19 18.4%
20s 14.3%
30s 14.2%
40s 15.7%
50s 6.1%
60s 6.7%
70s 6%
80+ 3.8%

Best Schools In Waveland, Indiana

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Waveland with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Waveland.

Pros And Cons Of Living In Waveland, Indiana

How do you know that living in -- or moving to -- Waveland is right where you need to be? Perhaps you grew up in Waveland or already live nearby; therefore, the decision to buy a home in Waveland is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Waveland for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Waveland:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Waveland.

Reasons To Move To Waveland, Indiana, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Waveland can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Waveland, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Waveland, IN


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