Cloverdale, IN—46120
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cloverdale, IN
As of Oct '25, the median home price in Cloverdale, IN is $250,000, with a year-over-year change of 0.6%. This indicates that home prices in Cloverdale, IN are flat. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $250,000 | 0.6% |
| Single Family | $250,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $188,000 | 1.1% |
3 Bed | $260,000 | 0.8% |
4 Bed | $310,000 | 0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cloverdale, IN
Cloverdale, IN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,800 | $1,800 |
% of Rental Stock
Property Listings — Cloverdale, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Cloverdale, IN is 87. This is a increase of 57.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $227,000 | -15.0% |
Listing Count | 37 | 41.0% |
| Listings as % of Homes | 0.5% | 41.0% |
Days on Market | 87 | 57.0% |
Demographics — Cloverdale, IN
As of the latest ACS Survey released in 2023, Cloverdale, IN has a population of 6,140, which has increased by 20.6% over the past 5 years. Cloverdale, IN is a moderately popular place for families, as children make up 18.0% of the population. The area has a poorly educated workforce, with 14.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,140 | 20.6% |
% Under 18 | 18.0% | -22.1% |
% Seniors | 21.4% | 19.6% |
% WFH | 4.3% | -37.7% |
% w/ College Degree | 14.6% | 37.7% |
As of the latest ACS Survey released in 2023, Cloverdale, IN is a predominantly white area, with 96.9% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Cloverdale, IN is black, making up 1.1% of the population. Foreign-born residents account for 0.6% of the population in Cloverdale, IN, and this percentage has increased by 200.0% 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 | 96.9% | -0.4% |
% Black | 1.1% | ∞% |
% Hispanic | 0.2% | -50.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.6% | 200.0% |
Mortgage and Risk — Cloverdale, IN
According to HUD data as of 2023, there were 133 mortgage originations in Cloverdale, IN, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Cloverdale, IN. Investor activity is low, as 2.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 133 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Cloverdale, IN
Cloverdale, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% 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 | N/A | N/A | $1,040 |
| 2 Bedroom | N/A | N/A | $1,220 |
| 3 Bedroom | N/A | N/A | $1,590 |
| 4 Bedroom | $120 | $1,800 | $1,920 |
Affordability — Cloverdale, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $250,000 |
| Median Household Income | $55,200 |