Anderson, IN—46013
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 $174,000, with a year-over-year change of 1.5%. This indicates that home prices in Anderson, IN are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $174,000 | 1.5% |
| Single Family | $173,000 | 1.8% |
| Condos | $178,000 | -2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $129,000 | 0.0% |
3 Bed | $191,000 | 2.1% |
4 Bed | $237,000 | 2.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Anderson, IN
As of July '25, Rentcast reports the average rent in Anderson, IN is $1,210, with a year-over-year rent change of 16.3%. Per bedroom, the median rent as of July '25 in Anderson, IN is 1-bedrooms: $929, 2-bedrooms: $971, 3-bedrooms: $1,380, 4-bedrooms: $1,630. The most common rental property sizes in Anderson, IN are 2-bedroom and 1-bedroom, accounting for 52.2% and 24.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,210 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $972 | $929 |
| 2 Bed Rent | $950 | $971 |
| 3 Bed Rent | $1,400 | $1,380 |
| 4 Bed Rent | $1,550 | $1,630 |
% 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 32. This is a increase of 14.0% 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $209,000 | 16.0% |
Listing Count | 73 | 39.0% |
| Listings as % of Homes | 0.3% | 39.0% |
Days on Market | 32 | 14.0% |
Demographics — Anderson, IN
As of the latest ACS Survey released in 2023, Anderson, IN has a population of 17,600, which has increased by 3.7% over the past 5 years. Anderson, IN is a moderately popular place for families, as children make up 19.8% of the population. The area has a poorly educated workforce, with 16.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,600 | 3.7% |
% Under 18 | 19.8% | -13.2% |
% Seniors | 23.8% | 14.4% |
% WFH | 7.4% | 208.3% |
% w/ College Degree | 16.6% | 19.4% |
As of the latest ACS Survey released in 2023, Anderson, IN is a predominantly white area, with 82.7% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Anderson, IN is black, making up 6.9% of the population. Foreign-born residents account for 0.5% of the population in Anderson, IN, and this percentage has decreased by 76.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.7% | -1.5% |
% Black | 6.9% | 7.8% |
% Hispanic | 2.9% | 20.8% |
% Asian | 0.1% | -96.4% |
% Foreign Born | 0.5% | -76.2% |
Mortgage and Risk — Anderson, IN
According to HUD data as of 2023, there were 509 mortgage originations in Anderson, IN, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 34.0% 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. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 509 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Anderson, IN
As of 2024, the percent of homes in Anderson, IN under the Section 8 program is 21.1%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Anderson, IN, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 649 |
Total Units Section 8 | 642 |
% Rentals under Section 8 | 21.1% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$182 | $972 | $790 |
| 2 Bedroom | $80 | $950 | $1,030 |
| 3 Bedroom | -$70 | $1,400 | $1,330 |
| 4 Bedroom | -$180 | $1,550 | $1,370 |
Affordability — Anderson, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $174,000 |
| Median Household Income | $49,600 |