Griffith, IN—46319
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Griffith, IN
As of Oct '25, the median home price in Griffith, IN is $244,000, with a year-over-year change of 1.5%. This indicates that home prices in Griffith, IN are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $244,000 | 1.5% |
| Single Family | $245,000 | 1.2% |
| Condos | $132,000 | 1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $204,000 | 2.0% |
3 Bed | $244,000 | 1.7% |
4 Bed | $285,000 | 0.7% |
| 5 Bed | $308,000 | 0.0% |
% of Housing Stock
Rental Trends — Griffith, IN
As of July '25, Rentcast reports the average rent in Griffith, IN is $1,270, with a year-over-year rent change of -5.2%. Per bedroom, the median rent as of July '25 in Griffith, IN is studios: $900, 1-bedrooms: $1,080, 2-bedrooms: $1,360, 3-bedrooms: $1,480. The most common rental property sizes in Griffith, IN are 2-bedroom and 1-bedroom, accounting for 49.4% and 28.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,270 |
| Studio Rent | $900 | $900 |
| 1 Bed Rent | $1,090 | $1,080 |
| 2 Bed Rent | $1,400 | $1,360 |
| 3 Bed Rent | $1,400 | $1,480 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Griffith, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Griffith, IN is 40. This is a increase of 62.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $282,000 | 2.0% |
Listing Count | 45 | 43.0% |
| Listings as % of Homes | 0.3% | 43.0% |
Days on Market | 40 | 62.0% |
Demographics — Griffith, IN
As of the latest ACS Survey released in 2023, Griffith, IN has a population of 17,700, which has remained stable by -0.6% over the past 5 years. Griffith, IN is a moderately popular place for families, as children make up 19.3% of the population. The area has a moderately educated workforce, with 26.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,700 | -0.6% |
% Under 18 | 19.3% | -9.0% |
% Seniors | 16.8% | 23.5% |
% WFH | 4.7% | 46.9% |
% w/ College Degree | 26.0% | 30.7% |
As of the latest ACS Survey released in 2023, Griffith, IN is a predominantly white area, with 64.3% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Griffith, IN is hispanic, making up 17.3% of the population. Foreign-born residents account for 5.7% of the population in Griffith, IN, and this percentage has increased by 23.9% 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 | 64.3% | -4.6% |
% Black | 13.2% | -6.4% |
% Hispanic | 17.3% | 21.0% |
% Asian | 1.9% | -5.0% |
% Foreign Born | 5.7% | 23.9% |
Mortgage and Risk — Griffith, IN
According to HUD data as of 2023, there were 277 mortgage originations in Griffith, IN, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Griffith, IN. Investor activity is low, as 3.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 277 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Griffith, IN
Griffith, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 37 |
Total Units Section 8 | 23 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$100 | $1,090 | $990 |
| 2 Bedroom | -$200 | $1,400 | $1,200 |
| 3 Bedroom | $80 | $1,400 | $1,480 |
| 4 Bedroom | N/A | N/A | $1,590 |
Affordability — Griffith, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $244,000 |
| Median Household Income | $76,000 |