Anderson, IN—46012
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Anderson, IN
As of Oct '25, the median home price in Anderson, IN is $180,000, with a year-over-year change of 3.8%. This indicates that home prices in Anderson, IN are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $180,000 | 3.8% |
| Single Family | $180,000 | 4.0% |
| Condos | $189,000 | 2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $122,000 | 1.7% |
3 Bed | $195,000 | 4.3% |
4 Bed | $252,000 | 4.6% |
| 5 Bed | $293,000 | 3.9% |
% of Housing Stock
Rental Trends — Anderson, IN
As of July '25, Rentcast reports the average rent in Anderson, IN is $1,080, with a year-over-year rent change of 0.9%. Per bedroom, the median rent as of July '25 in Anderson, IN is studios: $515, 1-bedrooms: $741, 2-bedrooms: $1,160, 3-bedrooms: $1,220, 4-bedrooms: $1,520. The most common rental property sizes in Anderson, IN are 2-bedroom and 3-bedroom, accounting for 47.9% and 33.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,080 |
| Studio Rent | $515 | $515 |
| 1 Bed Rent | $750 | $741 |
| 2 Bed Rent | $900 | $1,160 |
| 3 Bed Rent | $1,200 | $1,220 |
| 4 Bed Rent | $1,180 | $1,520 |
% of Rental Stock
Property Listings — Anderson, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Anderson, IN is 39. This is a increase of 19.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $220,000 | -6.0% |
Listing Count | 76 | -7.0% |
| Listings as % of Homes | 0.5% | -7.0% |
Days on Market | 39 | 19.0% |
Demographics — Anderson, IN
As of the latest ACS Survey released in 2023, Anderson, IN has a population of 20,200, which has increased by 4.4% over the past 5 years. Anderson, IN is a moderately popular place for families, as children make up 17.9% of the population. The area has a poorly educated workforce, with 21.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,200 | 4.4% |
% Under 18 | 17.9% | 4.7% |
% Seniors | 22.9% | 7.0% |
% WFH | 7.9% | 58.0% |
% w/ College Degree | 21.8% | -9.9% |
As of the latest ACS Survey released in 2023, Anderson, IN is a predominantly white area, with 84.9% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Anderson, IN is hispanic, making up 5.3% of the population. Foreign-born residents account for 2.3% of the population in Anderson, IN, and this percentage has increased by 15.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.9% | -2.2% |
% Black | 4.2% | -34.4% |
% Hispanic | 5.3% | 103.8% |
% Asian | 0.8% | 0.0% |
% Foreign Born | 2.3% | 15.0% |
Mortgage and Risk — Anderson, IN
According to HUD data as of 2023, there were 560 mortgage originations in Anderson, IN, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Anderson, IN. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 560 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Anderson, IN
As of 2024, the percent of homes in Anderson, IN under the Section 8 program is 8.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Anderson, IN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 239 |
Total Units Section 8 | 238 |
% Rentals under Section 8 | 8.7% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $750 | $850 |
| 2 Bedroom | $210 | $900 | $1,110 |
| 3 Bedroom | $250 | $1,200 | $1,450 |
| 4 Bedroom | $290 | $1,180 | $1,470 |
Affordability — Anderson, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $180,000 |
| Median Household Income | $58,500 |