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Middlebury, IN—46540

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$360,000
6.1% YoY Growth
Household Income
$99,700
29.5% YoY Growth
Days on Market
71
38.0% Longer YoY
Home Price Forecast
3.1%
Median Rent
$1,250
27.7% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,100
12.3% YoY Growth
3-Bed Rent
$1,260
18.2% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Middlebury, IN

As of Dec '25, the median home price in Middlebury, IN is $360,000, with a year-over-year change of 6.1%. This indicates that home prices in Middlebury, IN are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$360,0006.1%
Single Family $361,0006.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$272,0007.1%
    3 Bed
    		$324,0006.2%
    4 Bed
    		$421,0006.6%
    5 Bed $594,6397.1%
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    % of Housing Stock

    1 Bedroom
    3.1%
    2 Bedrooms
    14.4%
    3 Bedrooms
    43.3%
    4 Bedrooms
    20.8%
    5+ Bedrooms
    18.3%

    Rental Trends — Middlebury, IN

    As of July '25, Rentcast reports the average rent in Middlebury, IN is $1,290, with a year-over-year rent change of 27.7%. Per bedroom, the median rent as of July '25 in Middlebury, IN is 2-bedrooms: $1,110, 3-bedrooms: $1,430. The most common rental property sizes in Middlebury, IN are 3-bedroom and 2-bedroom, accounting for 45.0% and 36.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,250$1,290
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $1,100$1,110
    3 Bed Rent $1,260$1,430
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    7.6%
    2 Bedrooms
    36.8%
    3 Bedrooms
    45.0%
    4 Bedrooms
    3.5%
    5+ Bedrooms
    7.0%

    Property Listings — Middlebury, IN

    As of Dec '25, Realtor.com reports that the median days on market for a home in Middlebury, IN is 80. This is a increase of 52.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$398,0001.0%
    Listing Count
    		21-19.0%
    Listings as % of Homes0.3%-19.0%
    Days on Market
    		7138.0%
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    Demographics — Middlebury, IN

    As of the latest ACS Survey released in 2023, Middlebury, IN has a population of 13,200, which has increased by 12.3% over the past 5 years. Middlebury, IN is a popular place for families, as children make up 32.0% of the population. The area has a poorly educated workforce, with 18.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		13,20012.3%
    % Under 18
    		32.0%10.3%
    % Seniors
    		12.4%0.8%
    % WFH
    		7.8%21.9%
    % w/ College Degree
    		18.9%-17.5%
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    As of the latest ACS Survey released in 2023, Middlebury, IN is a predominantly white area, with 90.9% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Middlebury, IN is hispanic, making up 5.1% of the population. Foreign-born residents account for 2.1% of the population in Middlebury, IN, and this percentage has increased by 40.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		90.9%-3.9%
    % Black
    		0.6%-45.5%
    % Hispanic
    		5.1%59.4%
    % Asian
    		1.0%∞%
    % Foreign Born
    		2.1%40.0%
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    Mortgage and Risk — Middlebury, IN

    According to HUD data as of 2023, there were 293 mortgage originations in Middlebury, IN, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Middlebury, 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

    MetricZip Code Average
    Total Loan Originations
    		293
    % Conventional Loans
    		91.0%
    % Government Loans
    		9.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		15.0%
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    Rentals and Section 8 — Middlebury, IN

    Middlebury, IN lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		2
    Total Units Section 8
    		2
    % Rentals under Section 8
    		0.4%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$930
    2 Bedroom$40$1,100$1,140
    3 Bedroom$220$1,260$1,480
    4 BedroomN/AN/A$1,510

    Affordability — Middlebury, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.2
    Median Home Price$360,000
    Median Household Income$99,700

    Middlebury, IN — ZIP Code Boundary Map

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    Frequently Asked Questions