Whiting, IN 46394 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Whiting, IN—46394

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$199,000

1.3% YoY Growth

Household Income

$66,400

34.8% YoY Growth

Days on Market

1.0% Longer YoY

Home Price Forecast

1.7%

Median Rent

$1,400

42.6% YoY Growth

1-Bed Rent

$1,120

5.8% YoY Growth

2-Bed Rent

$1,350

26.6% YoY Growth

3-Bed Rent

$1,750

69.6% YoY Growth

Home Price Trends — Whiting, IN

As of Dec '25, the median home price in Whiting, IN is $199,000, with a year-over-year change of -1.3%. This indicates that home prices in Whiting, IN are decreasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$199,000	-1.3%
Single Family	$199,000	-1.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Whiting, IN

As of July '25, Rentcast reports the average rent in Whiting, IN is $1,540, with a year-over-year rent change of 42.6%. Per bedroom, the median rent as of July '25 in Whiting, IN is 1-bedrooms: $1,100, 2-bedrooms: $1,380, 3-bedrooms: $2,120, 4-bedrooms: $1,790. The most common rental property sizes in Whiting, IN are 2-bedroom and 1-bedroom, accounting for 44.3% and 25.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,400	$1,540
Studio Rent	N/A	N/A
1 Bed Rent	$1,120	$1,100
2 Bed Rent	$1,350	$1,380
3 Bed Rent	$1,750	$2,120
4 Bed Rent	$1,680	$1,790

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% of Rental Stock

Studio

3.1%

1 Bedroom

25.0%

2 Bedrooms

44.3%

3 Bedrooms

23.0%

4 Bedrooms

4.6%

Property Listings — Whiting, IN

As of Dec '25, Realtor.com reports that the median days on market for a home in Whiting, IN is 45. This is a increase of 54.0% 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$252,000	4.0%
Listing Count	33	-1.0%
Listings as % of Homes	0.5%	-1.0%
Days on Market	50	1.0%

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Demographics — Whiting, IN

As of the latest ACS Survey released in 2023, Whiting, IN has a population of 12,100, which has decreased by -1.8% over the past 5 years. Whiting, IN is a moderately popular place for families, as children make up 20.8% of the population. The area has a poorly educated workforce, with 22.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	12,100	-1.8%
% Under 18	20.8%	3.5%
% Seniors	17.5%	25.9%
% WFH	7.7%	670.0%
% w/ College Degree	22.8%	34.9%

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As of the latest ACS Survey released in 2023, Whiting, IN is a predominantly white area, with 47.6% of the population identifying as white. The white population has shrunk by 16.3% in the last 5 years. The second most common race or ethnicity in Whiting, IN is hispanic, making up 42.9% of the population. Foreign-born residents account for 10.1% of the population in Whiting, IN, and this percentage has decreased by 2.9% 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	47.6%	-16.3%
% Black	7.3%	97.3%
% Hispanic	42.9%	14.1%
% Asian	0.4%	-20.0%
% Foreign Born	10.1%	-2.9%

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Mortgage and Risk — Whiting, IN

According to HUD data as of 2023, there were 146 mortgage originations in Whiting, IN, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Whiting, IN. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	146
% Conventional Loans	77.0%
% Government Loans	23.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Whiting, IN

As of 2024, the percent of homes in Whiting, IN under the Section 8 program is 1.3%. 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. In Whiting, IN, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	27
Total Units Section 8	27
% Rentals under Section 8	1.3%
% Occupied Section 8	85.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$250	$1,120	$870
2 Bedroom	-$290	$1,350	$1,060
3 Bedroom	-$440	$1,750	$1,310
4 Bedroom	-$270	$1,680	$1,410

Whiting, IN—46394

Key Metrics at a Glance

Home Price Trends — Whiting, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Whiting, IN

% of Rental Stock

Property Listings — Whiting, IN

Demographics — Whiting, IN

Race and Ethnicity

Mortgage and Risk — Whiting, IN

Mortgages

Rentals and Section 8 — Whiting, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Whiting, IN

Home Price to Income Ratio

Whiting, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Hammond, IN

East Chicago, IN

Hegewisch, Chicago, IL

South Chicago, Chicago, IL

Hammond, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$199,000
Median Household Income	$66,400

Whiting, IN—46394

Key Metrics at a Glance

Home Price Trends — Whiting, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Whiting, IN

% of Rental Stock

Property Listings — Whiting, IN

Demographics — Whiting, IN

Race and Ethnicity

Mortgage and Risk — Whiting, IN

Mortgages

Rentals and Section 8 — Whiting, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Whiting, IN

Home Price to Income Ratio

Whiting, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Hammond, IN

East Chicago, IN

Hegewisch, Chicago, IL

South Chicago, Chicago, IL

Hammond, IN

Frequently Asked Questions

What is the average home price in Whiting, IN 46394?

How have home prices in Whiting, IN 46394 changed over the past year?

What is the home price projection for Whiting, IN 46394?

What are the demographics of Whiting, IN 46394?

How long does it take homes to sell in Whiting, IN 46394?

What is the average rent price in Whiting, IN 46394?