The story of this market
The typical home in ZIP 46794 sells for about $222,500, or $145 per square foot.
Prices are up +3.7% from a year ago, so sellers still have some momentum. Homes take about 11 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,100 a month.
This ZIP has no home sales of its own, so its market figures come from Noble County, Indiana (county-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 46794 — Wolcottville
The housing market in Wawaka, IN (ZIP 46794) is a quiet, rural-residential enclave with limited transaction volume. Data at the ZIP level is scarce due to the small, unincorporated nature of the community; market conditions are heavily influenced by the broader Noble County trends. Inventory levels remain low, and the market is characterized by single-family detached homes on larger lots.
Fits retirees and long-term residents seeking quiet, rural living; not a primary target for investors or transit-reliant commuters.
Median prices moved up 3.7% year over year.
Homes spend a median of 11 days on market with 3.2 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.6% · poverty 24.1% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 46794, Noble County IN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Local crime data for this unincorporated rural area is not independently tracked at the ZIP level; it typically falls under the jurisdiction of the Noble County Sheriff's Department.
Wawaka does not contain its own school district; students are typically served by regional districts like West Noble School Corporation.
The area is primarily rural/agricultural; standard Indiana flood and wind insurance protocols apply, with no major wildfire exposure reported.
There is no significant major commercial development or infrastructure momentum reported within the immediate ZIP boundaries.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
Car-dependent; residents typically commute to larger nearby employment hubs in Noble or Elkhart counties.
Rural environment; recreation is limited to nearby county parks and outdoor spaces; ~3 miles offers minimal commercial retail/dining.
Minimal rental market depth; characterized by low-density housing inventory.
Largely dependent on regional manufacturing and agricultural employment hubs in northeast Indiana.
No major active development pipeline reported.
Standard taxing units (County, Township, School Corp).
Standard residential property insurance environment.
Data derived from ACS 5-year estimates and regional census projections.