Pierceton, IN—46562
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pierceton, IN
As of Oct '25, the median home price in Pierceton, IN is $239,000, with a year-over-year change of 1.2%. This indicates that home prices in Pierceton, IN are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $239,000 | 1.2% |
| Single Family | $241,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $175,000 | 2.9% |
3 Bed | $268,000 | 3.5% |
4 Bed | $303,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pierceton, IN
Pierceton, IN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $1,080 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $900 | $900 |
| 3 Bed Rent | $1,260 | $1,260 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Pierceton, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Pierceton, IN is 26. This is a increase of 21.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | -10.0% |
Listing Count | 11 | -14.0% |
| Listings as % of Homes | 0.3% | -14.0% |
Days on Market | 26 | 21.0% |
Demographics — Pierceton, IN
As of the latest ACS Survey released in 2023, Pierceton, IN has a population of 5,120, which has decreased by -3.3% over the past 5 years. Pierceton, IN is a moderately popular place for families, as children make up 23.5% of the population. The area has a poorly educated workforce, with 13.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,120 | -3.3% |
% Under 18 | 23.5% | -5.2% |
% Seniors | 20.5% | 29.7% |
% WFH | 8.8% | 417.6% |
% w/ College Degree | 13.6% | -14.5% |
As of the latest ACS Survey released in 2023, Pierceton, IN is a predominantly white area, with 91.9% of the population identifying as white. The white population has grown by 3.3% in the last 5 years. The second most common race or ethnicity in Pierceton, IN is hispanic, making up 5.2% of the population. Foreign-born residents account for 1.6% of the population in Pierceton, IN, and this percentage has decreased by 11.1% 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 | 91.9% | 3.3% |
% Black | 0.5% | ∞% |
% Hispanic | 5.2% | -30.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.6% | -11.1% |
Mortgage and Risk — Pierceton, IN
According to HUD data as of 2023, there were 98 mortgage originations in Pierceton, IN, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Pierceton, IN. Investor activity is low, as 0.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 98 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Pierceton, IN
Pierceton, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | $90 | $900 | $990 |
| 3 Bedroom | -$10 | $1,260 | $1,250 |
| 4 Bedroom | N/A | N/A | $1,360 |
Affordability — Pierceton, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $239,000 |
| Median Household Income | $61,600 |