Churubusco, IN—46723
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Churubusco, IN
As of Oct '25, the median home price in Churubusco, IN is $288,000, with a year-over-year change of 5.4%. This indicates that home prices in Churubusco, IN are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $288,000 | 5.4% |
| Single Family | $287,000 | 5.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $193,000 | 4.9% |
3 Bed | $288,000 | 5.5% |
4 Bed | $397,000 | 6.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Churubusco, IN
As of July '25, Rentcast reports the average rent in Churubusco, IN is $799, with a year-over-year rent change of -24.6%. Per bedroom, the median rent as of July '25 in Churubusco, IN is 1-bedrooms: $800, 3-bedrooms: $795. The most common rental property sizes in Churubusco, IN are 2-bedroom and 3-bedroom, accounting for 42.9% and 26.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $799 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $800 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $795 | $795 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Churubusco, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Churubusco, IN is 33. This is a increase of 54.0% 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 67.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $280,000 | -9.0% |
Listing Count | 12 | -32.0% |
| Listings as % of Homes | 0.2% | -32.0% |
Days on Market | 33 | 54.0% |
Demographics — Churubusco, IN
As of the latest ACS Survey released in 2023, Churubusco, IN has a population of 7,580, which has decreased by -3.8% over the past 5 years. Churubusco, IN is a moderately popular place for families, as children make up 17.8% of the population. The area has a poorly educated workforce, with 17.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,580 | -3.8% |
% Under 18 | 17.8% | -25.2% |
% Seniors | 19.9% | 39.2% |
% WFH | 7.3% | 19.7% |
% w/ College Degree | 17.1% | 4.3% |
As of the latest ACS Survey released in 2023, Churubusco, IN is a predominantly white area, with 95.4% of the population identifying as white. The white population has grown by 1.4% in the last 5 years. The second most common race or ethnicity in Churubusco, IN is hispanic, making up 1.3% of the population. Foreign-born residents account for 1.4% of the population in Churubusco, IN, and this percentage has decreased by 26.3% 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 | 95.4% | 1.4% |
% Black | 0.6% | 500.0% |
% Hispanic | 1.3% | -73.5% |
% Asian | 0.6% | 200.0% |
% Foreign Born | 1.4% | -26.3% |
Mortgage and Risk — Churubusco, IN
According to HUD data as of 2023, there were 303 mortgage originations in Churubusco, IN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Churubusco, IN. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 303 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Churubusco, IN
Churubusco, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 26 |
Total Units Section 8 | 4 |
% 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 | $190 | $800 | $990 |
| 2 Bedroom | N/A | N/A | $1,210 |
| 3 Bedroom | $715 | $795 | $1,510 |
| 4 Bedroom | N/A | N/A | $1,690 |
Affordability — Churubusco, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $288,000 |
| Median Household Income | $80,200 |