Goshen, IN—46528
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Goshen, IN
Home Price Trends — Goshen, IN
As of Oct '25, the median home price in Goshen, IN is $295,000, with a year-over-year change of 4.9%. This indicates that home prices in Goshen, IN are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $295,000 | 4.9% |
| Single Family | $296,000 | 5.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $132,000 | 3.9% |
2 Bed | $197,000 | 5.3% |
3 Bed | $280,000 | 5.3% |
4 Bed | $360,000 | 4.7% |
| 5 Bed | $538,000 | 5.9% |
% of Housing Stock
Rental Trends — Goshen, IN
As of July '25, Rentcast reports the average rent in Goshen, IN is $1,100, with a year-over-year rent change of 16.9%. Per bedroom, the median rent as of July '25 in Goshen, IN is 1-bedrooms: $872, 2-bedrooms: $1,040, 3-bedrooms: $1,290, 4-bedrooms: $1,340. The most common rental property sizes in Goshen, IN are 2-bedroom and 3-bedroom, accounting for 34.0% and 34.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $715 | $872 |
| 2 Bed Rent | $1,000 | $1,040 |
| 3 Bed Rent | $1,400 | $1,290 |
| 4 Bed Rent | $1,340 | $1,340 |
% of Rental Stock
Property Listings — Goshen, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Goshen, IN is 36. This is a decrease of -9.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $364,000 | 11.0% |
Listing Count | 63 | 8.0% |
| Listings as % of Homes | 0.2% | 8.0% |
Days on Market | 36 | -9.0% |
Demographics — Goshen, IN
As of the latest ACS Survey released in 2023, Goshen, IN has a population of 26,400, which has decreased by -3.0% over the past 5 years. Goshen, IN is a popular place for families, as children make up 31.7% of the population. The area has a poorly educated workforce, with 24.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,400 | -3.0% |
% Under 18 | 31.7% | 2.3% |
% Seniors | 12.4% | 17.0% |
% WFH | 7.5% | 44.2% |
% w/ College Degree | 24.8% | 29.2% |
As of the latest ACS Survey released in 2023, Goshen, IN is a predominantly white area, with 75.8% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Goshen, IN is hispanic, making up 19.1% of the population. Foreign-born residents account for 8.5% of the population in Goshen, IN, and this percentage has decreased by 15.8% 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 | 75.8% | -1.8% |
% Black | 2.4% | 118.2% |
% Hispanic | 19.1% | 4.4% |
% Asian | 1.0% | 0.0% |
% Foreign Born | 8.5% | -15.8% |
Mortgage and Risk — Goshen, IN
According to HUD data as of 2023, there were 468 mortgage originations in Goshen, IN, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Goshen, 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 | 468 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Goshen, IN
As of 2024, the percent of homes in Goshen, IN under the Section 8 program is 5.5%. 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. In Goshen, IN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 127 |
Total Units Section 8 | 127 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $185 | $715 | $900 |
| 2 Bedroom | $90 | $1,000 | $1,090 |
| 3 Bedroom | $20 | $1,400 | $1,420 |
| 4 Bedroom | $110 | $1,340 | $1,450 |
Affordability — Goshen, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $295,000 |
| Median Household Income | $77,600 |