Trafalgar, IN—46181
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Trafalgar, IN
As of Oct '25, the median home price in Trafalgar, IN is $362,000, with a year-over-year change of 2.8%. This indicates that home prices in Trafalgar, 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 | $362,000 | 2.8% |
| Single Family | $367,000 | 3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $285,000 | 4.0% |
3 Bed | $359,000 | 3.8% |
4 Bed | $492,000 | 3.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Trafalgar, IN
As of July '25, Rentcast reports the average rent in Trafalgar, IN is $1,100, with a year-over-year rent change of -20.3%. Per bedroom, the median rent as of July '25 in Trafalgar, IN is 1-bedrooms: $1,100. The most common rental property sizes in Trafalgar, IN are 3-bedroom and 1-bedroom, accounting for 45.2% and 22.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,100 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Trafalgar, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Trafalgar, IN is 79. This is a decrease of -19.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $487,000 | -36.0% |
Listing Count | 25 | 1.0% |
| Listings as % of Homes | 0.6% | 1.0% |
Days on Market | 79 | -19.0% |
Demographics — Trafalgar, IN
As of the latest ACS Survey released in 2023, Trafalgar, IN has a population of 5,090, which has increased by 6.4% over the past 5 years. Trafalgar, IN is a moderately popular place for families, as children make up 24.9% of the population. The area has a moderately educated workforce, with 28.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,090 | 6.4% |
% Under 18 | 24.9% | 2.0% |
% Seniors | 17.2% | 22.9% |
% WFH | 11.8% | 436.4% |
% w/ College Degree | 28.3% | 8.4% |
As of the latest ACS Survey released in 2023, Trafalgar, IN is a predominantly white area, with 98.1% of the population identifying as white. The white population has grown by 3.6% in the last 5 years. The second most common race or ethnicity in Trafalgar, IN is asian, making up 0.4% of the population. Foreign-born residents account for 0.9% of the population in Trafalgar, IN, and this percentage has decreased by 66.7% 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 | 98.1% | 3.6% |
% Black | 0.1% | -83.3% |
% Hispanic | 0.2% | -89.5% |
% Asian | 0.4% | 33.3% |
% Foreign Born | 0.9% | -66.7% |
Mortgage and Risk — Trafalgar, IN
According to HUD data as of 2023, there were 272 mortgage originations in Trafalgar, IN, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Trafalgar, IN. Investor activity is low, as 1.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 272 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Trafalgar, IN
Trafalgar, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $1,100 | $1,180 |
| 2 Bedroom | N/A | N/A | $1,380 |
| 3 Bedroom | N/A | N/A | $1,800 |
| 4 Bedroom | N/A | N/A | $2,180 |
Affordability — Trafalgar, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $362,000 |
| Median Household Income | $85,600 |