Thorntown, IN—46071
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Thorntown, IN
As of Oct '25, the median home price in Thorntown, IN is $315,000, with a year-over-year change of 2.7%. This indicates that home prices in Thorntown, 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 | $315,000 | 2.7% |
| Single Family | $315,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $235,000 | 2.6% |
3 Bed | $310,000 | 2.6% |
4 Bed | $358,000 | 4.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Thorntown, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Thorntown, IN is 42. This is a increase of 22.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $531,000 | 24.0% |
Listing Count | 8 | -40.0% |
| Listings as % of Homes | 0.7% | -40.0% |
Days on Market | 42 | 22.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Thorntown, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $315,000 |
| Median Household Income | $81,800 |