Waveland

Population: 431
Median household income: $60,956
Median home value: $96,800

Waveland, a community in Montgomery County, Indiana, has 431 residents. The median household income of $60,956 is below the Montgomery County median ($66,571).

From 2019 to 2023, Waveland's population declined 17.4% from 522 to 431, while its median home value rose 29.8% from $74,600 to $96,800.

12.3% of adults 25 and older hold a bachelor's degree or higher. Owners occupy 84.6% of the area's occupied homes.

Demographics

ACS 2019–2023

Population: 431
Median age: 27.2 yrs
Median household income: $60,956
Median home value: $96,800
Median gross rent: $920
Housing units: 185
Homeownership rate: 84.6%
Bachelor's degree or higher: 12.3%
Unemployment rate: 5.3%

Trends

ACS 5-year · 2019–2023

Population

522431

Median household income

$52,788$60,956

Median home value

$74,600$96,800

Median gross rent

$842$920

Year	Population	Median household income	Median home value	Median gross rent
2019	522	$52,788	$74,600	$842
2020	449	$51,641	$83,200	$825
2021	412	$54,667	$86,900	$825
2022	389	$59,141	$98,900	$913
2023	431	$60,956	$96,800	$920

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 513.9%

5 to 1726.0%

18 to 249.3%

25 to 3413.5%

35 to 449.3%

45 to 5412.1%

55 to 641.4%

65 to 747.2%

75 and over7.4%

	Count	Share
Under 5	60	13.9%
5 to 17	112	26.0%
18 to 24	40	9.3%
25 to 34	58	13.5%
35 to 44	40	9.3%
45 to 54	52	12.1%
55 to 64	6	1.4%
65 to 74	31	7.2%
75 and over	32	7.4%

Race & ethnicity

	Count	Share
White (non-Hispanic)	419	97.2%
Black or African American	0	0.0%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	11	2.6%
Hispanic or Latino (any race)	1	0.2%

Educational attainment (age 25+)

No high school diploma8.7%

High school graduate45.2%

Some college or associate's33.8%

Bachelor's degree7.8%

Graduate or professional degree4.6%

	Count	Share
No high school diploma	19	8.7%
High school graduate	99	45.2%
Some college or associate's	74	33.8%
Bachelor's degree	17	7.8%
Graduate or professional degree	10	4.6%

Commute to work

Mean travel time to work: 29 min

Drove alone84.0%

Carpooled13.1%

Public transit1.1%

Walked0.0%

Bicycle0.0%

Worked from home1.7%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	147	84.0%
Carpooled	23	13.1%
Public transit	2	1.1%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	3	1.7%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	20	11.6%
15 to 29 min	76	44.2%
30 to 44 min	50	29.1%
45 to 59 min	2	1.2%
60+ min	24	14.0%

Households

Average household size: 2.89
Poverty rate: 15.8% (68 of 431)

	Count	Share
Family households	92	61.7%
Nonfamily households	57	38.3%

Housing

Median year structure built: 1938

Occupancy

	Count	Share
Occupied	149	80.5%
Vacant	36	19.5%

Tenure (of occupied units)

	Count	Share
Owner-occupied	126	84.6%
Renter-occupied	23	15.4%

1-unit, detached92.4%

1-unit, attached0.0%

2 to 4 units5.4%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other2.2%

Units in structure

	Count	Share
1-unit, detached	171	92.4%
1-unit, attached	0	0.0%
2 to 4 units	10	5.4%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	4	2.2%

Geography

Place GEOID: 1881458
Type (LSAD): 43
Land area: 0.31 sq mi
Water area: 0 sq mi
Center point: 39.8776, -87.0455