Schererville, IN—46375
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Schererville, IN
As of Oct '25, the median home price in Schererville, IN is $349,000, with a year-over-year change of 1.1%. This indicates that home prices in Schererville, IN are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $349,000 | 1.1% |
| Single Family | $369,000 | 1.1% |
| Condos | $216,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $258,000 | -0.4% |
3 Bed | $347,000 | 1.5% |
4 Bed | $449,000 | 1.8% |
| 5 Bed | $511,000 | 1.6% |
% of Housing Stock
Rental Trends — Schererville, IN
As of July '25, Rentcast reports the average rent in Schererville, IN is $2,010, with a year-over-year rent change of -5.2%. Per bedroom, the median rent as of July '25 in Schererville, IN is 1-bedrooms: $1,040, 2-bedrooms: $1,840, 3-bedrooms: $2,620, 4-bedrooms: $3,230. The most common rental property sizes in Schererville, IN are 2-bedroom and 1-bedroom, accounting for 58.6% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,010 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,020 | $1,040 |
| 2 Bed Rent | $2,100 | $1,840 |
| 3 Bed Rent | $2,200 | $2,620 |
| 4 Bed Rent | $3,000 | $3,230 |
% of Rental Stock
Property Listings — Schererville, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Schererville, IN is 52. This is a increase of 13.0% 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 47.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $373,000 | -6.0% |
Listing Count | 124 | 103.0% |
| Listings as % of Homes | 0.5% | 103.0% |
Days on Market | 52 | 13.0% |
Demographics — Schererville, IN
As of the latest ACS Survey released in 2023, Schererville, IN has a population of 24,000, which has increased by 2.2% over the past 5 years. Schererville, IN is a moderately popular place for families, as children make up 18.9% of the population. The area has a moderately educated workforce, with 35.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,000 | 2.2% |
% Under 18 | 18.9% | -3.1% |
% Seniors | 21.4% | 9.7% |
% WFH | 10.7% | 189.2% |
% w/ College Degree | 35.7% | 9.2% |
As of the latest ACS Survey released in 2023, Schererville, IN is a predominantly white area, with 72.2% of the population identifying as white. The white population has shrunk by 13.5% in the last 5 years. The second most common race or ethnicity in Schererville, IN is hispanic, making up 13.3% of the population. Foreign-born residents account for 9.8% of the population in Schererville, IN, and this percentage has decreased by 7.5% 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 | 72.2% | -13.5% |
% Black | 7.0% | 100.0% |
% Hispanic | 13.3% | 62.2% |
% Asian | 3.8% | 22.6% |
% Foreign Born | 9.8% | -7.5% |
Mortgage and Risk — Schererville, IN
According to HUD data as of 2023, there were 513 mortgage originations in Schererville, IN, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Schererville, IN. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 513 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Schererville, IN
As of 2024, the percent of homes in Schererville, IN under the Section 8 program is 0.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Schererville, IN, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
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 | $100 | $1,020 | $1,120 |
| 2 Bedroom | -$740 | $2,100 | $1,360 |
| 3 Bedroom | -$520 | $2,200 | $1,680 |
| 4 Bedroom | -$1,200 | $3,000 | $1,800 |
Affordability — Schererville, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $349,000 |
| Median Household Income | $89,600 |