Windfall City, IN
Population 693 · Indiana
About Windfall City, IN
Windfall City is a small community located in Indiana with a population of 693 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,375 per year, which is 18% below the national median of $75,149. The median age of 38.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Windfall City features a median home value of $94,300, which is 61% below the national median of $244,900. This makes Windfall City one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $835, 28% below the national average of $1,163/month. Of the 357 total housing units, 77% are owner-occupied (232 units) and 23% are renter-occupied (69 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Windfall City shows an unemployment rate of 1.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 16.5%, above the national average of 12.4%. Workers in Windfall City have an average one-way commute time of 25.1 minutes.
Education & Demographics
10.1% of Windfall City residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 4.9% White, 2.0% Hispanic or Latino, 0.0% Black or African American, and 5.3% Asian residents, with 0.0% of the population being foreign-born.
How Windfall City Ranks in Indiana
Cost of Living in Windfall City, IN
Compared to national averages, Windfall City has a median household income of $61,375 (18% below the national median of $75,149). Home values average $94,300, which is 61% below the national median. Monthly rent at $835 is 28% below the US average of $1,163. Within Indiana, Windfall City's income is 11% below the state average of $69,330, and home values are 42% below the state median of $163,409.
Why Live in Windfall City, IN?
Windfall City offers affordable housing with a median home value of $94,300, below the US average of $244,900, and rent that’s lower than the national average at $835/month, and a strong job market with an unemployment rate of just 1.2%.
Potential considerations include median household income ($61,375) that falls below the national average. However, Windfall City’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Windfall City has a population of 693 with a median age of 38.6 years. Compare Windfall City with other cities to see how it stacks up, or explore all cities in Indiana.
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Cities in Indiana with a similar population size.
Demographics
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Economy & Education
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Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Windfall City
What is the population of Windfall City, IN?
The population of Windfall City, IN is 693 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Windfall City?
The median household income in Windfall City, IN is $61,375 per year, which is 18% below the national median of $75,149.
What is the median home value in Windfall City?
The median home value in Windfall City, IN is $94,300, which is 61% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Windfall City?
The median monthly rent in Windfall City, IN is $835, which is 28% below the national average of $1,163/month.
What is the unemployment rate in Windfall City?
The unemployment rate in Windfall City, IN is 1.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Windfall City, IN a good place to live?
Windfall City offers a moderate cost of living, affordable housing, and a strong job market. With a population of 693 and a median age of 38.6, the city appeals to a broad range of residents.
How educated is Windfall City, IN?
10.1% of residents in Windfall City aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Windfall City?
Key cost-of-living indicators for Windfall City, IN: median home value is $94,300 (61% below national), median rent is $835/month, and median household income is $61,375. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Windfall City?
The poverty rate in Windfall City, IN is 16.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Windfall City, IN?
Windfall City's population is 4.9% White, 2.0% Hispanic or Latino, 0.0% Black or African American, 5.3% Asian, and 2.0% two or more races. 0.0% of residents are foreign-born.