Whiting, IN—46394
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Whiting, IN
As of Oct '25, the median home price in Whiting, IN is $199,000, with a year-over-year change of -1.2%. This indicates that home prices in Whiting, IN are decreasing. 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 | $199,000 | -1.2% |
| Single Family | $199,000 | -1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $172,000 | 0.6% |
3 Bed | $206,000 | -1.4% |
4 Bed | $228,000 | -2.1% |
| 5 Bed | $249,000 | -2.0% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Whiting, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Whiting, IN is 44. This is a increase of 123.0% 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 54.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $268,000 | 11.0% |
Listing Count | 26 | -3.0% |
| Listings as % of Homes | 0.5% | -3.0% |
Days on Market | 44 | 123.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Whiting, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $199,000 |
| Median Household Income | $66,400 |