Westville, IN—46391
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Westville, IN
As of Oct '25, the median home price in Westville, IN is $334,000, with a year-over-year change of 4.2%. This indicates that home prices in Westville, IN are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $334,000 | 4.2% |
| Single Family | $334,000 | 4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $212,000 | 5.0% |
3 Bed | $323,000 | 4.9% |
4 Bed | $401,000 | 3.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Westville, IN
As of July '25, Rentcast reports the average rent in Westville, IN is $2,000, with a year-over-year rent change of 48.1%. Per bedroom, the median rent as of July '25 in Westville, IN is 3-bedrooms: $2,000. The most common rental property sizes in Westville, IN are 2-bedroom and 3-bedroom, accounting for 59.2% and 19.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,800 | $2,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Westville, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Westville, IN is 41. This is a increase of 4.0% 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 64.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $361,000 | 28.0% |
Listing Count | 22 | 63.0% |
| Listings as % of Homes | 0.6% | 63.0% |
Days on Market | 41 | 4.0% |
Demographics — Westville, IN
As of the latest ACS Survey released in 2023, Westville, IN has a population of 8,560, which has decreased by -14.9% over the past 5 years. Westville, IN is a less popular place for families, as children make up 12.8% of the population. The area has a poorly educated workforce, with 13.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,560 | -14.9% |
% Under 18 | 12.8% | 4.9% |
% Seniors | 10.9% | 53.5% |
% WFH | 7.4% | 85.0% |
% w/ College Degree | 13.9% | 44.8% |
As of the latest ACS Survey released in 2023, Westville, IN is a predominantly white area, with 76.1% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Westville, IN is black, making up 16.9% of the population. Foreign-born residents account for 2.6% of the population in Westville, IN, and this percentage has increased by 52.9% 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 | 76.1% | -1.7% |
% Black | 16.9% | 5.6% |
% Hispanic | 5.0% | 22.0% |
% Asian | 0.7% | 250.0% |
% Foreign Born | 2.6% | 52.9% |
Mortgage and Risk — Westville, IN
According to HUD data as of 2023, there were 133 mortgage originations in Westville, IN, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Westville, IN. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 133 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Westville, IN
Westville, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,020 |
| 2 Bedroom | N/A | N/A | $1,230 |
| 3 Bedroom | -$250 | $1,800 | $1,550 |
| 4 Bedroom | N/A | N/A | $1,760 |
Affordability — Westville, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $334,000 |
| Median Household Income | $87,000 |