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Wayne County, IN

RANK #46 / 996  ·  POP 66,522  ·  IN

PROJECTED GROWTH: +3.5%

Wayne County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Wayne County?

Wayne County, Indiana, is known for its "Antique Alley," a 66-mile loop featuring over 1,200 antique dealers, with Cambridge City at its center. Located in east-central Indiana on the Ohio border, the county seat, Richmond, is about a two-hour drive from Indianapolis, Cincinnati, and Dayton. The area offers a blend of rural and metropolitan living, with a median commute time of just under 22 minutes. Outdoor enthusiasts can explore Hayes Arboretum with its 16 miles of trails, or bike along the Cardinal Greenway, Indiana's longest rail-to-trail.

Life in Wayne County offers a mix of community-focused living and access to larger city amenities. The county's public schools are rated above average, with several districts serving the area, including Richmond Community Schools and Centerville-Abington Community Schools. Recent economic developments focus on housing and downtown revitalization. The Economic Development Corporation of Wayne County is working on a $26 million investment to construct 82 new single-family homes and renovate downtown Richmond buildings into apartments and retail spaces. The county is also exploring the potential for a casino to boost economic impact and tourism.

[02] Market Snapshot

Housing Ratio
2.7x

Undervalued relative to economy

GDP Growth
+1.1%

Well below national median

Home Prices
+6.1%

Outpacing national median

Climate & Terrain
-2.5

Below-average climate & terrain

Price/Rent
12x

Strong rental yield

Housing looks undervalued at 2.7x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Wayne County U.S. National

The Numbers

DEMOGRAPHICS
Population
66,522
-0.1% YoY
Median Household Income
$54,854
Median Home Value
$119,400
+6.11% 12mo
Median Rent
$793
Average Annual Pay
$51,067
+3.2% YoY
Employment
29,736
+1.2% YoY
Income-to-Home-Value
0.4594
More affordable than average
Migration Inflow
2.4%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$158,000
Days on Market
45
Moderate pace
Months of Supply
2.1
Seller's market
Sale-to-List Ratio
95.2%
Negotiation room for buyers
Sold Above List
10.6%
Listings w/ Price Drops
27.0%
Building Permits (2024)
45
Single-Family Permits
41

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$73M
TOTAL
PROJECT AMOUNT STATUS
Community Solar Portfolio (8 projects)
Indiana Municipal Power Agency (IMPA)
$47M Operating/Under Construction
Housing Accelerator Program (5 subdivisions)
EDC of Wayne County / Trademark Construction LLC
$26M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +1.1% 20 percentile
Population Growth -0.1% 25 percentile
Income Growth +9.8% 78 percentile
Vacancy Rate 1.3% 35 percentile
Home Price Change +6.1% 95 percentile
Rent Growth +5.3% 82 percentile
Price/Rent 12x 70 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Wayne County, IN a good place to move to?

Wayne County has a Boom Town Index score of 96/100, ranking #46 among 996 U.S. counties. With job growth at +1.2% and a median household income of $54,854, it's an above-average county on economic indicators.

Is Wayne County affordable?

The median home value in Wayne County is $119,400 with median rent at $793/month. The income-to-home-value ratio is 0.4594, which is more affordable than the national average.

Is Wayne County growing or shrinking?

Population growth: -0.1% year-over-year. Job growth: +1.2%. Home values changed +6.1% in the past 12 months.

Are people moving to Wayne County?

Yes — 2.4% of Wayne County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Winnebago County, IL 100 Madison County, NY 100 Oswego County, NY 100 Valencia County, NM 100 Taylor County, TX 100 Allen County, OH 100 Newton County, MO 99 Dodge County, WI 99