McCordsville, IN—46055
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — McCordsville, IN
As of Oct '25, the median home price in McCordsville, IN is $397,000, with a year-over-year change of 1.8%. This indicates that home prices in McCordsville, IN are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $397,000 | 1.9% |
| Single Family | $397,000 | 1.8% |
| Condos | $382,000 | 3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $350,000 | 2.9% |
3 Bed | $353,000 | 1.7% |
4 Bed | $415,000 | 2.0% |
| 5 Bed | $545,000 | 2.6% |
% of Housing Stock
Rental Trends — McCordsville, IN
As of July '25, Rentcast reports the average rent in McCordsville, IN is $2,340, with a year-over-year rent change of 17.0%. Per bedroom, the median rent as of July '25 in McCordsville, IN is 1-bedrooms: $1,310, 3-bedrooms: $2,200, 4-bedrooms: $2,480. The most common rental property sizes in McCordsville, IN are 3-bedroom and 2-bedroom, accounting for 33.2% and 24.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,480 | $2,340 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,310 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,110 | $2,200 |
| 4 Bed Rent | $2,520 | $2,480 |
% of Rental Stock
Property Listings — McCordsville, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in McCordsville, IN is 53. This is a increase of 17.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $430,000 | 0.0% |
Listing Count | 155 | 47.0% |
| Listings as % of Homes | 1.3% | 47.0% |
Days on Market | 53 | 17.0% |
Demographics — McCordsville, IN
As of the latest ACS Survey released in 2023, McCordsville, IN has a population of 15,000, which has increased by 25.9% over the past 5 years. McCordsville, IN is a popular place for families, as children make up 27.8% of the population. The area has a highly educated workforce, with 55.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,000 | 25.9% |
% Under 18 | 27.8% | -4.1% |
% Seniors | 12.9% | 13.2% |
% WFH | 22.6% | 135.4% |
% w/ College Degree | 55.1% | -7.2% |
As of the latest ACS Survey released in 2023, McCordsville, IN is a predominantly white area, with 77.4% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in McCordsville, IN is black, making up 13.1% of the population. Foreign-born residents account for 4.5% of the population in McCordsville, IN, and this percentage has increased by 21.6% 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 | 77.4% | -0.5% |
% Black | 13.1% | 27.2% |
% Hispanic | 4.2% | -4.5% |
% Asian | 1.1% | -45.0% |
% Foreign Born | 4.5% | 21.6% |
Mortgage and Risk — McCordsville, IN
According to HUD data as of 2023, there were 556 mortgage originations in McCordsville, IN, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in McCordsville, IN. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 556 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — McCordsville, IN
McCordsville, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $1,300 | $1,390 |
| 2 Bedroom | N/A | N/A | $1,620 |
| 3 Bedroom | $0 | $2,110 | $2,110 |
| 4 Bedroom | $40 | $2,520 | $2,560 |
Affordability — McCordsville, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $397,000 |
| Median Household Income | $117,000 |