South Whitley, IN 46787 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

South Whitley, IN—46787

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$235,000

4.9% YoY Growth

Household Income

$70,000

29.0% YoY Growth

Days on Market

4.0% Longer YoY

Home Price Forecast

3.8%

Median Rent

$1,600

68.4% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,600

68.4% YoY Growth

Home Price Trends — South Whitley, IN

As of Dec '25, the median home price in South Whitley, IN is $235,000, with a year-over-year change of 4.9%. This indicates that home prices in South Whitley, IN are increasing. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$235,000	4.9%
Single Family	$235,000	5.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — South Whitley, IN

As of July '25, Rentcast reports the average rent in South Whitley, IN is $1,600, with a year-over-year rent change of 68.4%. Per bedroom, the median rent as of July '25 in South Whitley, IN is 3-bedrooms: $1,600. The most common rental property sizes in South Whitley, IN are 2-bedroom and 3-bedroom, accounting for 32.2% and 28.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,600	$1,600
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,600	$1,600
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

13.4%

2 Bedrooms

32.2%

3 Bedrooms

28.3%

4 Bedrooms

26.1%

Property Listings — South Whitley, IN

As of Dec '25, Realtor.com reports that the median days on market for a home in South Whitley, IN is 44. This is a increase of 32.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$226,000	1.0%
Listing Count	11	21.0%
Listings as % of Homes	0.1%	21.0%
Days on Market	50	4.0%

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Demographics — South Whitley, IN

As of the latest ACS Survey released in 2023, South Whitley, IN has a population of 4,140, which has increased by 11.0% over the past 5 years. South Whitley, IN is a popular place for families, as children make up 28.1% of the population. The area has a poorly educated workforce, with 19.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	4,140	11.0%
% Under 18	28.1%	13.3%
% Seniors	13.2%	-16.5%
% WFH	11.6%	1,833.3%
% w/ College Degree	19.2%	27.2%

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As of the latest ACS Survey released in 2023, South Whitley, IN is a predominantly white area, with 97.1% of the population identifying as white. The white population has grown by 1.1% in the last 5 years. The second most common race or ethnicity in South Whitley, IN is asian, making up 0.7% of the population. Foreign-born residents account for 0.8% of the population in South Whitley, IN, and this percentage has decreased by 76.5% 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	97.1%	1.1%
% Black	0.2%	100.0%
% Hispanic	0.2%	-92.0%
% Asian	0.7%	40.0%
% Foreign Born	0.8%	-76.5%

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Mortgage and Risk — South Whitley, IN

According to HUD data as of 2023, there were 107 mortgage originations in South Whitley, IN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in South Whitley, IN. Investor activity is low, as 0.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	107
% Conventional Loans	82.0%
% Government Loans	18.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	21.0%

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Rentals and Section 8 — South Whitley, IN

South Whitley, IN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% 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	$890
2 Bedroom	N/A	N/A	$1,080
3 Bedroom	-$240	$1,600	$1,360
4 Bedroom	N/A	N/A	$1,470

South Whitley, IN—46787

Key Metrics at a Glance

Home Price Trends — South Whitley, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — South Whitley, IN

% of Rental Stock

Property Listings — South Whitley, IN

Demographics — South Whitley, IN

Race and Ethnicity

Mortgage and Risk — South Whitley, IN

Mortgages

Rentals and Section 8 — South Whitley, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — South Whitley, IN

Home Price to Income Ratio

South Whitley, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Larwill, IN

Pierceton, IN

North Manchester, IN

Columbia City, IN

Urbana, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$235,000
Median Household Income	$70,000

South Whitley, IN—46787

Key Metrics at a Glance

Home Price Trends — South Whitley, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — South Whitley, IN

% of Rental Stock

Property Listings — South Whitley, IN

Demographics — South Whitley, IN

Race and Ethnicity

Mortgage and Risk — South Whitley, IN

Mortgages

Rentals and Section 8 — South Whitley, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — South Whitley, IN

Home Price to Income Ratio

South Whitley, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Larwill, IN

Pierceton, IN

North Manchester, IN

Columbia City, IN

Urbana, IN

Frequently Asked Questions

What is the average home price in South Whitley, IN 46787?

How have home prices in South Whitley, IN 46787 changed over the past year?

What is the home price projection for South Whitley, IN 46787?

What are the demographics of South Whitley, IN 46787?

How long does it take homes to sell in South Whitley, IN 46787?

What is the average rent price in South Whitley, IN 46787?