Pendleton, IN—46064
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pendleton, IN
As of Oct '25, the median home price in Pendleton, IN is $330,000, with a year-over-year change of 2.9%. This indicates that home prices in Pendleton, IN are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $330,000 | 2.9% |
| Single Family | $331,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $217,000 | 4.8% |
3 Bed | $307,000 | 2.7% |
4 Bed | $371,000 | 2.2% |
| 5 Bed | $410,000 | 1.2% |
% of Housing Stock
Rental Trends — Pendleton, IN
As of July '25, Rentcast reports the average rent in Pendleton, IN is $2,130, with a year-over-year rent change of 5.4%. Per bedroom, the median rent as of July '25 in Pendleton, IN is 2-bedrooms: $1,450, 3-bedrooms: $2,000, 4-bedrooms: $2,190. The most common rental property sizes in Pendleton, IN are 2-bedroom and 3-bedroom, accounting for 47.4% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,120 | $2,130 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,400 | $1,450 |
| 3 Bed Rent | $2,100 | $2,000 |
| 4 Bed Rent | $2,200 | $2,190 |
% of Rental Stock
Property Listings — Pendleton, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Pendleton, IN is 40. This is a decrease of -2.0% 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 54.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $371,000 | 5.0% |
Listing Count | 74 | -10.0% |
| Listings as % of Homes | 1.0% | -10.0% |
Days on Market | 40 | -2.0% |
Demographics — Pendleton, IN
As of the latest ACS Survey released in 2023, Pendleton, IN has a population of 17,700, which has increased by 1.4% over the past 5 years. Pendleton, IN is a moderately popular place for families, as children make up 22.2% of the population. The area has a moderately educated workforce, with 32.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,700 | 1.4% |
% Under 18 | 22.2% | 0.5% |
% Seniors | 14.8% | 24.4% |
% WFH | 20.1% | 443.2% |
% w/ College Degree | 32.4% | 17.8% |
As of the latest ACS Survey released in 2023, Pendleton, IN is a predominantly white area, with 86.1% of the population identifying as white. The white population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Pendleton, IN is black, making up 4.9% of the population. Foreign-born residents account for 1.8% of the population in Pendleton, IN, and this percentage has increased by 20.0% 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 | 86.1% | 0.1% |
% Black | 4.9% | -40.2% |
% Hispanic | 2.6% | -18.8% |
% Asian | 1.3% | 550.0% |
% Foreign Born | 1.8% | 20.0% |
Mortgage and Risk — Pendleton, IN
According to HUD data as of 2023, there were 681 mortgage originations in Pendleton, IN, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Pendleton, IN. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 681 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Pendleton, IN
Pendleton, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,040 |
| 2 Bedroom | -$170 | $1,400 | $1,230 |
| 3 Bedroom | -$490 | $2,100 | $1,610 |
| 4 Bedroom | -$280 | $2,200 | $1,920 |
Affordability — Pendleton, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $330,000 |
| Median Household Income | $92,000 |