This has been discussed many times before and you can do a search to find other message strings.

IMO the wagon is more practical and has the "sleeper" factor.
It trails only marginally behind the Sedan in performance.

There are more accessories (body kits especially) for the sedan than the wagon.

 

it really depends on your priorities, both are great cars, and really are the same car, the wagon simply joins the rear seat and the trunk to create a large cargo area, wagon only weighs about 80 pounds more than sedan (thats like 11 gallons of gas).

if you need lots of carrying space, as most home owners do, the wagon is a great choice. if you gotta have the lightest wrx, then its the sedan.

i picked the wagon.....it was cheaper, less common out on the road, and my huge dog loves that cargo area.

 

I'm a homeowner, but RARELY carry anything more than the Sedan can handle (for that we have my gfs 91 Integra 4 door with fold down seats). I personally prefer the look of the sedan for two main reasons:

1. Fender flares
2. I don't want to drive a wagon.

Don't get me wrong, I'm not picking on anyone who does drive a wagon, I just personally wouldn't want one. Pick what works for you best.

 

Recently I met someone who said they would not own a wagon because "wagons are feminine".

I'm glad to see that there are plenty of men on this board who are confident in their manhood.

But seriously, the sedan does have slightly better handling than the wagon. The difference is so small, however, that you probably won't notice it most of the time. I've set my wagon to max negative camber (-0.9 deg) up front and min negative camber in the back (-1.1) plus zero toe all-around. This takes care of most of the low-speed understeer. Besides, I'm replacing my Integra Type-R with an STi in a couple of months

Once you experience the wagons's cargo capacity you won't look back. Go for it!