Waveland, IN population, income and ZIP codes

Waveland town is a very small community in Indiana, with 431 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #543 of 976 ranked by population — larger than 44% of them. The median age here is 27.2 years against 39.1 nationally, a distinctly younger profile, typical of places with students, military posts or a fast-growing family population. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Waveland town earn a median of $60,956 a year, 22.4% below the national figure of $78,538 and within a couple of points of the $61,527 median for the 355 Indiana cities we cover. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 15.8% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Waveland town is valued at $96,800, 68.1% below the national figure and 34% below the $145,600 peer median, while median gross rent runs $920 a month, 34.6% below the national figure, or roughly $11,040 across a full year. A household on the local median income would put about 18.1% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 1.6×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 84.6% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

A median age of 27.2 means a large student or early-career population; income medians in places like this understate household resources, since many residents are supported from outside the address. With 431 residents, a handful of survey responses moves every median on this page. Compare Waveland town against its county rather than against national figures.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.