Butler, IN—46721
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Butler, IN
As of Oct '25, the median home price in Butler, IN is $196,000, with a year-over-year change of 6.0%. This indicates that home prices in Butler, IN are increasing. According to Zillow, the 1-year price projection is 3.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $196,000 | 6.0% |
| Single Family | $197,000 | 5.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $134,000 | 3.9% |
3 Bed | $203,000 | 5.7% |
4 Bed | $227,000 | 6.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Butler, IN
As of July '25, Rentcast reports the average rent in Butler, IN is $891, with a year-over-year rent change of 29.7%. Per bedroom, the median rent as of July '25 in Butler, IN is 1-bedrooms: $695, 2-bedrooms: $924. The most common rental property sizes in Butler, IN are 2-bedroom and 3-bedroom, accounting for 47.3% and 19.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $891 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $695 | $695 |
| 2 Bed Rent | $900 | $924 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Butler, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Butler, IN is 93. This is a increase of 20.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $286,000 | -4.0% |
Listing Count | 12 | 34.0% |
| Listings as % of Homes | 0.1% | 34.0% |
Days on Market | 93 | 20.0% |
Demographics — Butler, IN
As of the latest ACS Survey released in 2023, Butler, IN has a population of 4,890, which has decreased by -1.8% over the past 5 years. Butler, IN is a popular place for families, as children make up 27.2% of the population. The area has a poorly educated workforce, with 12.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,890 | -1.8% |
% Under 18 | 27.2% | 7.1% |
% Seniors | 15.4% | 16.7% |
% WFH | 5.7% | 62.9% |
% w/ College Degree | 12.2% | 4.3% |
As of the latest ACS Survey released in 2023, Butler, IN is a predominantly white area, with 93.6% of the population identifying as white. The white population has grown by 2.1% in the last 5 years. The second most common race or ethnicity in Butler, IN is hispanic, making up 2.0% of the population. Foreign-born residents account for 1.7% of the population in Butler, IN, and this percentage has decreased by 32.0% 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 | 93.6% | 2.1% |
% Black | 0.1% | -50.0% |
% Hispanic | 2.0% | -63.0% |
% Asian | 1.7% | 466.7% |
% Foreign Born | 1.7% | -32.0% |
Mortgage and Risk — Butler, IN
According to HUD data as of 2023, there were 93 mortgage originations in Butler, IN, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Butler, IN. Investor activity is low, as 3.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 93 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Butler, IN
Butler, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $15 | $695 | $710 |
| 2 Bedroom | $30 | $900 | $930 |
| 3 Bedroom | N/A | N/A | $1,170 |
| 4 Bedroom | N/A | N/A | $1,230 |
Affordability — Butler, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $196,000 |
| Median Household Income | $68,000 |