Anderson, IN—46016
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 $79,000, with a year-over-year change of -6.3%. This indicates that home prices in Anderson, IN are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $79,000 | -6.3% |
| Single Family | $79,000 | -7.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $53,000 | -10.2% |
2 Bed | $71,000 | -6.6% |
3 Bed | $90,000 | -6.2% |
4 Bed | $109,000 | -6.8% |
| 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 $973, with a year-over-year rent change of 4.3%. Per bedroom, the median rent as of July '25 in Anderson, IN is studios: $500, 1-bedrooms: $706, 2-bedrooms: $889, 3-bedrooms: $1,140, 4-bedrooms: $1,860. The most common rental property sizes in Anderson, IN are 2-bedroom and 3-bedroom, accounting for 43.7% and 26.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $898 | $973 |
| Studio Rent | $500 | $500 |
| 1 Bed Rent | $695 | $706 |
| 2 Bed Rent | $895 | $889 |
| 3 Bed Rent | $1,150 | $1,140 |
| 4 Bed Rent | $1,400 | $1,860 |
% 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 60. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $91,200 | -11.0% |
Listing Count | 71 | 10.0% |
| Listings as % of Homes | 0.5% | 10.0% |
Days on Market | 60 | -3.0% |
Demographics — Anderson, IN
As of the latest ACS Survey released in 2023, Anderson, IN has a population of 18,400, which has increased by 2.1% over the past 5 years. Anderson, IN is a popular place for families, as children make up 26.3% of the population. The area has a poorly educated workforce, with 10.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,400 | 2.1% |
% Under 18 | 26.3% | 4.4% |
% Seniors | 10.6% | -4.5% |
% WFH | 7.5% | 240.9% |
% w/ College Degree | 10.0% | 14.9% |
As of the latest ACS Survey released in 2023, Anderson, IN is a predominantly white area, with 61.2% of the population identifying as white. The white population has shrunk by 9.5% in the last 5 years. The second most common race or ethnicity in Anderson, IN is black, making up 17.6% of the population. Foreign-born residents account for 3.9% of the population in Anderson, IN, and this percentage has decreased by 13.3% 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 | 61.2% | -9.5% |
% Black | 17.6% | -10.2% |
% Hispanic | 12.7% | 23.3% |
% Asian | 0.5% | ∞% |
% Foreign Born | 3.9% | -13.3% |
Mortgage and Risk — Anderson, IN
According to HUD data as of 2023, there were 194 mortgage originations in Anderson, IN, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Anderson, IN. Investor activity is low, as 10.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 194 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 10.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Anderson, IN
As of 2024, the percent of homes in Anderson, IN under the Section 8 program is 18.3%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Anderson, IN, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 968 |
Total Units Section 8 | 807 |
% Rentals under Section 8 | 18.3% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $95 | $695 | $790 |
| 2 Bedroom | $145 | $895 | $1,040 |
| 3 Bedroom | $210 | $1,150 | $1,360 |
| 4 Bedroom | -$20 | $1,400 | $1,380 |
Affordability — Anderson, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $79,000 |
| Median Household Income | $35,500 |