Granger, IN 46530 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Granger, IN—46530

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$400,000

5.0% YoY Growth

Household Income

$115,000

13.0% YoY Growth

Days on Market

6.0% Longer YoY

Home Price Forecast

3.0%

Median Rent

$2,200

19.9% YoY Growth

1-Bed Rent

$1,220

N/A

2-Bed Rent

$1,400

N/A

3-Bed Rent

$2,200

9.3% YoY Growth

Home Price Trends — Granger, IN

As of Dec '25, the median home price in Granger, IN is $400,000, 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 3.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$400,000	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

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

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% of Rental Stock

Studio

1.7%

1 Bedroom

28.6%

2 Bedrooms

48.0%

3 Bedrooms

15.9%

4 Bedrooms

2.6%

5+ Bedrooms

3.3%

Property Listings — Granger, IN

As of Dec '25, Realtor.com reports that the median days on market for a home in Granger, IN is 50. 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$500,000	11.0%
Listing Count	81	13.0%
Listings as % of Homes	0.3%	13.0%
Days on Market	71	6.0%

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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%

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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%

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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%

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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

Granger, IN—46530

Key Metrics at a Glance

Home Price Trends — Granger, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Granger, IN

% of Rental Stock

Property Listings — Granger, IN

Demographics — Granger, IN

Race and Ethnicity

Mortgage and Risk — Granger, IN

Mortgages

Rentals and Section 8 — Granger, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Granger, IN

Home Price to Income Ratio

Granger, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Mishawaka, IN

South Bend, IN

Osceola, IN

South Bend, IN

Edwardsburg, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$400,000
Median Household Income	$115,000

Granger, IN—46530

Key Metrics at a Glance

Home Price Trends — Granger, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Granger, IN

% of Rental Stock

Property Listings — Granger, IN

Demographics — Granger, IN

Race and Ethnicity

Mortgage and Risk — Granger, IN

Mortgages

Rentals and Section 8 — Granger, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Granger, IN

Home Price to Income Ratio

Granger, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Mishawaka, IN

South Bend, IN

Osceola, IN

South Bend, IN

Edwardsburg, MI

Frequently Asked Questions

What is the average home price in Granger, IN 46530?

How have home prices in Granger, IN 46530 changed over the past year?

What is the home price projection for Granger, IN 46530?

What are the demographics of Granger, IN 46530?

How long does it take homes to sell in Granger, IN 46530?

What is the average rent price in Granger, IN 46530?