CENSUS TRACT
Census Tract 407
Indiana · Wells County · 3,720 residents · 155.046 sq mi
Notable rankings
#24lowest low density in IN23.99/sq mi#84lowest low education in IN7.9%#106lowest low poverty in IN2.8%#166lowest low rent in IN$750TRACT SHAPE · Wells County, IN
The short version
Census Tract 407 has lower-than-average household income, with a median household income of $70,817. Population has declined 4% since 2020. 8% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value has risen by half since 2020, reaching $184,700. Poverty is rare here, at 2.8% of residents.
At a glance
Lower income
below the US median
US median: $82,259
Mid-age
median age 39.5
US median: 38.9
Less educated
8% hold a bachelor's degree
US average: 36%
Less affordable
home values up 28%, inflation adjusted
US median home: $376,019
Section 01
Population & growth
Total population
3,720
−4%since 2020
from 3,859 in 2020
2020 – 2024
Population density
24 / sq mi
−4%since 2020
from 25 / sq mi in 2020
US average: 281
Median age
39.5
−8%since 2020
from 43.1 in 2020
US average: 38.9
Population, 2020 – 2024
20244K
Section 02
Income & economy
Median household income
$70,817
−22%inflation adjusted, since 2020
from $75,000 in 2020
US average: $82,259
2020 – 2024
Per capita income
$41,380
+43%since 2020
from $29,022 in 2020
US average: $44,673
Households earning $100K+
48.3%
−1.7 ptssince 2020
from 50.0% in 2020
US average: 53.3%
Poverty rate
2.8%
−0.6 ptssince 2020
from 3.4% in 2020
US average: 12.5%
Income inequality (Gini)
0.484
+51%since 2020
from 0.320 in 2020
US average: 0.476
Workforce by industry, 2024
Retail trade18.2%
Wholesale trade8.5%
Information7.7%
Finance & insurance6.4%
Professional, scientific, technical5.1%
Other services4.9%
Public administration3.7%
Agriculture, forestry, fishing2.2%
Construction2.2%
Education & health services1.3%
Transportation & warehousing0.6%
Arts, entertainment, food0.2%
Manufacturing0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$184,700
+28%inflation adjusted, since 2020
from $119,200 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$750
−23%inflation adjusted, since 2020
from $805 in 2020
US average: $1,442
Owner-occupied
89.2%
+2.0 ptssince 2020
from 87.2% in 2020
10.8% rent
Vacancy rate
6.5%
+3.5 ptssince 2020
from 3.1% in 2020
US average: 10.0%
Owner cost-burdened
17.1%
+5.8 ptssince 2020
from 11.3% in 2020
US average: 22.9%
Renter cost-burdened
30.6%
+13.1 ptssince 2020
from 17.5% in 2020
US average: 47.4%
Afford Score
2.6
+64%since 2020
from 1.6 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 407 on RentDataNow
Section 04
Race & ethnicity
2020
White, non-Hispanic94.1%(3,632)
Black0%(0)
Hispanic / Latino1.6%(60)
Asian1.5%(58)
Other2.8%(109)
Diversity Score14.1%(545)
2024
White, non-Hispanic91.9%(3,417)
Black0%(0)
Hispanic / Latino6.5%(240)
Asian0%(0)
Other1.7%(63)
Diversity Score19%(706)
Diversity Score
19
+34%since 2020
from 14 in 2020
2020 – 2024
Section 05
Education
Bachelor's degree or higher
7.9%
−4.7 ptssince 2020
from 12.6% in 2020
US average: 35.6%
High school or higher
88.3%
−6.9 ptssince 2020
from 95.2% in 2020
US average: 89.6%
Graduate degree
2.9%
−2.8 ptssince 2020
from 5.8% in 2020
US average: 14.0%
Section 06
Commute & transportation
Average commute
25.4 min
−4%since 2020
from 26.6 min in 2020
US average: 26.5
Drive alone to work
88.3%
−2.6 ptssince 2020
from 91.0% in 2020
US average: 68.9%
Carpooled to work
5.7%
+4.1 ptssince 2020
from 1.6% in 2020
US average: 8.5%
Public transit
0.0%
−0.2 ptssince 2020
from 0.2% in 2020
US average: 3.2%
Worked from home
5.3%
−0.2 ptssince 2020
from 5.4% in 2020
US average: 15.0%
Walked to work
0.0%
−1.0 ptssince 2020
from 1.0% in 2020
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2020
from 0.0% in 2020
US average: 0.4%
No vehicle available
0.7%
−1.5 ptssince 2020
from 2.2% in 2020
US average: 8.3%
Section 07
Work & employment
Unemployment rate
0.5%
−0.7 ptssince 2020
from 1.3% in 2020
US average: 5.2%
Labor force participation
68.5%
+0.3 ptssince 2020
from 68.3% in 2020
US average: 63.5%
Self-employed
11.9%
−0.4 ptssince 2020
from 12.2% in 2020
US average: 13.1%
Management & professional
26.0%
−16.6 ptssince 2020
from 42.6% in 2020
US average: 42.5%
Section 08
People & community
Male
55.0%
+1.7 ptssince 2020
from 53.3% in 2020
Female
45.0%
−1.7 ptssince 2020
from 46.7% in 2020
Foreign born
0.2%
−1.3 ptssince 2020
from 1.6% in 2020
US average: 14.1%
Veterans
6.5%
+0.7 ptssince 2020
from 5.8% in 2020
US average: 6.2%
With a disability
9.6%
−0.8 ptssince 2020
from 10.4% in 2020
US average: 13.3%
Uninsured
13.3%
+8.2 ptssince 2020
from 5.1% in 2020
US average: 8.4%
Broadband at home
90.6%
+3.2 ptssince 2020
from 87.4% in 2020
US average: 91.0%
English only at home
98.2%
+0.7 ptssince 2020
from 97.4% in 2020
US average: 77.7%
Spanish at home
0.0%
−0.3 ptssince 2020
from 0.3% in 2020
US average: 13.6%
Drill deeper
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Compare Census Tract 407 to nearby tracts
CENSUS TRACT 407 VS
Census Tract 406
Income$52,002−27%
Home value$119,900−35%
Population4,358+17%
SEE FULL COMPARISON →
CENSUS TRACT 407 VS
Census Tract 9751
Income$71,065same
Home value$122,100−34%
Population3,407−8%
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CENSUS TRACT 407 VS
Census Tract 403
Income$88,277+25%
Home value$240,000+30%
Population2,872−23%
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CENSUS TRACT 407 VS
Census Tract 405
Income$74,598+5%
Home value$195,400+6%
Population3,205−14%
SEE FULL COMPARISON →
Frequently asked
How many people live in this census tract?
this census tract has about 3,720 residents according to the 2024 American Community Survey.
What is the median household income in this census tract?
The typical household in this census tract earns about $70,817 a year. Half of households make more than that, and half make less.
Is this census tract expensive?
In this census tract, the median home is worth about $184,700, and the typical rent is about $750 a month.
How educated are people in this census tract?
About 7.9% of adults age 25 and over in this census tract hold a bachelor's degree or higher.
What is the poverty rate in this census tract?
About 2.8% of people in this census tract live below the federal poverty line.
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Containing area
Wells CountyOther census tracts in Wells County
Census Tract 401Census Tract 404Census Tract 406Census Tract 402Census Tract 405Census Tract 403DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024