Cromwell, IN—46732
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cromwell, IN
As of Oct '25, the median home price in Cromwell, IN is $223,000, with a year-over-year change of 4.2%. This indicates that home prices in Cromwell, IN are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $223,000 | 4.2% |
| Single Family | $223,000 | 3.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $160,000 | 4.6% |
3 Bed | $234,000 | 3.5% |
4 Bed | $275,000 | 4.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cromwell, IN
Cromwell, IN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cromwell, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Cromwell, IN is 91. This is a increase of 4.0% 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 75.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $190,000 | -36.0% |
Listing Count | 8 | -42.0% |
| Listings as % of Homes | 0.2% | -42.0% |
Days on Market | 91 | 4.0% |
Demographics — Cromwell, IN
As of the latest ACS Survey released in 2023, Cromwell, IN has a population of 2,430, which has decreased by -33.5% over the past 5 years. Cromwell, IN is a moderately popular place for families, as children make up 24.1% of the population. The area has a poorly educated workforce, with 10.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,430 | -33.5% |
% Under 18 | 24.1% | -33.6% |
% Seniors | 17.6% | 193.3% |
% WFH | 2.7% | -55.7% |
% w/ College Degree | 10.6% | -15.9% |
As of the latest ACS Survey released in 2023, Cromwell, IN is a predominantly white area, with 78.7% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Cromwell, IN is hispanic, making up 20.7% of the population. Foreign-born residents account for 9.2% of the population in Cromwell, IN, and this percentage has increased by 84.0% 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 | 78.7% | -4.6% |
% Black | 0.0% | -100.0% |
% Hispanic | 20.7% | 36.2% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 9.2% | 84.0% |
Mortgage and Risk — Cromwell, IN
According to HUD data as of 2023, there were 84 mortgage originations in Cromwell, IN, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Cromwell, IN. Investor activity is low, as 0.0% 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 | 84 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Cromwell, IN
Cromwell, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% 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 | N/A | N/A | $870 |
| 2 Bedroom | N/A | N/A | $1,110 |
| 3 Bedroom | N/A | N/A | $1,350 |
| 4 Bedroom | N/A | N/A | $1,770 |
Affordability — Cromwell, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $223,000 |
| Median Household Income | $63,300 |