Middlebury, IN—46540
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Middlebury, IN
As of Oct '25, the median home price in Middlebury, IN is $360,000, with a year-over-year change of 5.6%. This indicates that home prices in Middlebury, IN are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $360,000 | 5.6% |
| Single Family | $361,000 | 6.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $272,000 | 6.7% |
3 Bed | $324,000 | 6.2% |
4 Bed | $421,000 | 6.0% |
| 5 Bed | $597,000 | 6.4% |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,290 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,100 | $1,110 |
| 3 Bed Rent | $1,260 | $1,430 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Middlebury, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Middlebury, IN is 82. This is a increase of 31.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $401,000 | -1.0% |
Listing Count | 27 | 4.0% |
| Listings as % of Homes | 0.3% | 4.0% |
Days on Market | 82 | 31.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,200 | 12.3% |
% Under 18 | 32.0% | 10.3% |
% Seniors | 12.4% | 0.8% |
% WFH | 7.8% | 21.9% |
% w/ College Degree | 18.9% | -17.5% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $930 |
| 2 Bedroom | $40 | $1,100 | $1,140 |
| 3 Bedroom | $220 | $1,260 | $1,480 |
| 4 Bedroom | N/A | N/A | $1,510 |
Affordability — Middlebury, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $360,000 |
| Median Household Income | $99,700 |