Waveland, IN Profile: Facts & Data

Waveland, Indiana - Basic Facts

The Town of Waveland had a population of 438 as of July 1, 2024.

The primary coordinate point for Waveland is located at latitude 39.877 and longitude -87.0445 in Montgomery County. The formal boundaries for the Town of Waveland encompass a land area of 0.32 sq. miles and a water area of 0 sq. miles. Montgomery County is in the Eastern time zone (GMT -5).

The Town of Waveland has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Waveland is located within Township of Brown, a minor civil division (MCD) of Montgomery County.

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Waveland, IN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	438 (100%)
Population in Households	438 (100.0%)
Population in Families	367 (83.8%)
Population in Group Quarters¹	0
Population Density	1,420
Diversity Index²	13


INCOME
Median Household Income	$92,098
Average Household Income	$97,548
% of Income for Mortgage⁴	11%
Per Capita Income	$35,634
Wealth Index⁵	72
Socioeconomic Status Index⁶	Moderate (58.1)

HOUSING
Total HU (Housing Units)	185 (100%)
Owner Occupied HU	123 (66.5%)
Renter Occupied HU	37 (20.0%)
Vacant Housing Units	25 (13.5%)
Median Home Value	$164,423
Average Home Value	$216,870
Housing Affordability Index³	229

HOUSEHOLDS
Total Households	160
Average Household Size	2.74
Family Households	114
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

185 (100%)

Owner Occupied HU

123 (66.5%)

Renter Occupied HU

37 (20.0%)

Vacant Housing Units

25 (13.5%)

Median Home Value

$164,423

Average Home Value

$216,870

Housing Affordability Index³

229

HOUSEHOLDS

Total Households

160

Average Household Size

2.74

Family Households

114

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.60%	0.41%
Households	0.45%	0.50%
Families		-0.71%
Median Household Income		0.57%
Per Capita Income		2.34%
Owner Occupied HU		1.73%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

0.60%

0.41%

Households

0.45%

0.50%

Families

-0.71%

Median Household Income

0.57%

Per Capita Income

2.34%

Owner Occupied HU

1.73%

Waveland, IN - Peer Comparisons by Rank and Percentile

The table below compares Waveland to the other 976 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 505	48th
Population Density	# 295	70th
Median Household Income	# 159	84th
Housing Affordability Index	# 944	97th
Per Capita Income	# 450	54th
Diversity Index	# 700	28th

Variable Description

Rank

Percentile

Total Population

# 505

48th

Population Density

# 295

70th

Median Household Income

# 159

84th

Housing Affordability Index

# 944

97th

Per Capita Income

# 450

54th

Diversity Index

# 700

28th

Indiana Census Data Comparison Tool

Waveland, IN Profile: Facts & Data

Waveland, Indiana - Basic Facts

Waveland, IN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Waveland, IN - Peer Comparisons by Rank and Percentile

Waveland, IN - Most Popular Things to Do

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