Granger, IN—46530
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Granger, IN
As of Oct '25, the median home price in Granger, IN is $401,000, with a year-over-year change of 5.0%. This indicates that home prices in Granger, IN are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $401,000 | 5.0% |
| Single Family | $400,000 | 5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $288,000 | 5.9% |
3 Bed | $326,000 | 4.8% |
4 Bed | $445,000 | 5.0% |
| 5 Bed | $600,000 | 4.2% |
% of Housing Stock
Rental Trends — Granger, IN
As of July '25, Rentcast reports the average rent in Granger, IN is $2,140, with a year-over-year rent change of -19.9%. Per bedroom, the median rent as of July '25 in Granger, IN is studios: $1,510, 1-bedrooms: $1,320, 2-bedrooms: $1,400, 3-bedrooms: $2,240, 4-bedrooms: $3,110. The most common rental property sizes in Granger, IN are 2-bedroom and 1-bedroom, accounting for 48.0% and 28.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,140 |
| Studio Rent | $1,510 | $1,510 |
| 1 Bed Rent | $1,220 | $1,320 |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | $2,200 | $2,240 |
| 4 Bed Rent | $2,950 | $3,110 |
% of Rental Stock
Property Listings — Granger, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Granger, IN is 45. This is a decrease of -2.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $458,000 | 11.0% |
Listing Count | 116 | 7.0% |
| Listings as % of Homes | 0.3% | 7.0% |
Days on Market | 45 | -2.0% |
Demographics — Granger, IN
As of the latest ACS Survey released in 2023, Granger, IN has a population of 31,900, which has remained stable by 1.0% over the past 5 years. Granger, IN is a popular place for families, as children make up 27.7% of the population. The area has a highly educated workforce, with 53.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,900 | 1.0% |
% Under 18 | 27.7% | -0.7% |
% Seniors | 17.0% | 26.9% |
% WFH | 12.7% | 101.6% |
% w/ College Degree | 53.9% | 3.1% |
As of the latest ACS Survey released in 2023, Granger, IN is a predominantly white area, with 79.9% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Granger, IN is asian, making up 7.3% of the population. Foreign-born residents account for 7.8% of the population in Granger, IN, and this percentage has decreased by 8.2% 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 | 79.9% | -4.7% |
% Black | 2.0% | -42.9% |
% Hispanic | 6.0% | 106.9% |
% Asian | 7.3% | 1.4% |
% Foreign Born | 7.8% | -8.2% |
Mortgage and Risk — Granger, IN
According to HUD data as of 2023, there were 720 mortgage originations in Granger, IN, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Granger, IN. Investor activity is low, as 0.0% 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 | 720 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Granger, IN
As of 2024, the percent of homes in Granger, IN under the Section 8 program is 0.1%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Granger, IN, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $1,220 | $1,310 |
| 2 Bedroom | $140 | $1,400 | $1,540 |
| 3 Bedroom | -$290 | $2,200 | $1,910 |
| 4 Bedroom | -$910 | $2,950 | $2,040 |
Affordability — Granger, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $401,000 |
| Median Household Income | $115,000 |