Wakarusa, IN Real Estate

According to census data in the year 2000 there were 616 housing units in Wakarusa. This represents a 1.6% decline from 626 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 616 were located in what is classified as a rural area.

Homeownership rate in Wakarusa is about 80.9%. Wakarusa's vacancy rate, including seasonal lodging, is about 4.1%. Average household size is 2.48 people.

The majority of houses, apartments or condos in Wakarusa were built after 1951.


Housing Size

Housing Units by Size
Studio Type0.80%
One Bedroom7%
Two Bedrooms21.60%
Three Bedrooms50.60%
Four Bedrooms17.50%
Five Bedrooms or more2.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.61
Median year structure was built1948
Median Value of occupied units$96,100
Median Price asked for vacant units$112,500

Rented Homes, Apartments and Condos

Average Household Size1.96
Median year structure was built1958
Median Monthly Rent asked for vacant units$363

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1%
Second Mortgage3.80%
Home Equity Loan9.20%
Simple Mortgage48.10%
Debt Free37.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.4%