Thorntown, IN 46071 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Thorntown, IN—46071

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$312,000

2.8% YoY Growth

Household Income

$81,800

21.6% YoY Growth

Days on Market

30.0% Shorter YoY

Home Price Forecast

2.7%

Median Rent

$950

3.6% YoY Growth

1-Bed Rent

$895

19.3% YoY Growth

2-Bed Rent

$950

28.0% YoY Growth

3-Bed Rent

$1,750

N/A

Home Price Trends — Thorntown, IN

As of Dec '25, the median home price in Thorntown, IN is $312,000, with a year-over-year change of 2.8%. This indicates that home prices in Thorntown, IN are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$312,000	2.8%
Single Family	$312,000	3.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Thorntown, IN

As of July '25, Rentcast reports the average rent in Thorntown, IN is $1,150, with a year-over-year rent change of 3.6%. Per bedroom, the median rent as of July '25 in Thorntown, IN is 1-bedrooms: $895, 2-bedrooms: $972, 3-bedrooms: $1,750. The most common rental property sizes in Thorntown, IN are 2-bedroom and 3-bedroom, accounting for 41.8% and 23.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$950	$1,150
Studio Rent	N/A	N/A
1 Bed Rent	$895	$895
2 Bed Rent	$950	$972
3 Bed Rent	$1,750	$1,750
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

7.6%

2 Bedrooms

41.8%

3 Bedrooms

23.9%

4 Bedrooms

21.7%

5+ Bedrooms

4.9%

Property Listings — Thorntown, IN

As of Dec '25, Realtor.com reports that the median days on market for a home in Thorntown, IN is 38. This is a decrease of -12.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$320,000	32.0%
Listing Count	10	-39.0%
Listings as % of Homes	0.7%	-39.0%
Days on Market	33	-30.0%

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Demographics — Thorntown, IN

As of the latest ACS Survey released in 2023, Thorntown, IN has a population of 3,230, which has decreased by -4.5% over the past 5 years. Thorntown, IN is a moderately popular place for families, as children make up 21.1% of the population. The area has a moderately educated workforce, with 27.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,230	-4.5%
% Under 18	21.1%	12.2%
% Seniors	20.6%	1.0%
% WFH	22.1%	590.6%
% w/ College Degree	27.4%	15.6%

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As of the latest ACS Survey released in 2023, Thorntown, IN is a predominantly white area, with 97.5% of the population identifying as white. The white population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Thorntown, IN is hispanic, making up 0.8% of the population. Foreign-born residents account for 0.2% of the population in Thorntown, IN, and this percentage has decreased by 88.9% 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	97.5%	0.2%
% Black	0.0%	N/A
% Hispanic	0.8%	-11.1%
% Asian	0.3%	-40.0%
% Foreign Born	0.2%	-88.9%

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Mortgage and Risk — Thorntown, IN

According to HUD data as of 2023, there were 79 mortgage originations in Thorntown, IN, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Thorntown, IN. Investor activity is low, as 3.0% of loans were by investors. 27.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	79
% Conventional Loans	80.0%
% Government Loans	20.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	27.0%

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Rentals and Section 8 — Thorntown, IN

Thorntown, IN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	1
Total Units Section 8	1
% Rentals under Section 8	0.5%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$145	$895	$1,040
2 Bedroom	$270	$950	$1,220
3 Bedroom	-$160	$1,750	$1,590
4 Bedroom	N/A	N/A	$1,920

Thorntown, IN—46071

Key Metrics at a Glance

Home Price Trends — Thorntown, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Thorntown, IN

% of Rental Stock

Property Listings — Thorntown, IN

Demographics — Thorntown, IN

Race and Ethnicity

Mortgage and Risk — Thorntown, IN

Mortgages

Rentals and Section 8 — Thorntown, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Thorntown, IN

Home Price to Income Ratio

Thorntown, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Colfax, IN

Advance

Darlington, IN

Jamestown, IN

Lebanon, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$312,000
Median Household Income	$81,800

Thorntown, IN—46071

Key Metrics at a Glance

Home Price Trends — Thorntown, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Thorntown, IN

% of Rental Stock

Property Listings — Thorntown, IN

Demographics — Thorntown, IN

Race and Ethnicity

Mortgage and Risk — Thorntown, IN

Mortgages

Rentals and Section 8 — Thorntown, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Thorntown, IN

Home Price to Income Ratio

Thorntown, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Colfax, IN

Advance

Darlington, IN

Jamestown, IN

Lebanon, IN

Frequently Asked Questions

What is the average home price in Thorntown, IN 46071?

How have home prices in Thorntown, IN 46071 changed over the past year?

What is the home price projection for Thorntown, IN 46071?

What are the demographics of Thorntown, IN 46071?

How long does it take homes to sell in Thorntown, IN 46071?

What is the average rent price in Thorntown, IN 46071?