Nine Mile, IN—46798
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Nine Mile, IN
As of Oct '25, the median home price in Nine Mile, IN is $270,000, with a year-over-year change of 1.2%. This indicates that home prices in Nine Mile, IN are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $270,000 | 1.2% |
| Single Family | $269,000 | 1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $266,000 | 0.8% |
4 Bed | $350,000 | 1.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Nine Mile, IN
As of July '25, Rentcast reports the average rent in Nine Mile, IN is $1,050, with a year-over-year rent change of 16.8%. Per bedroom, the median rent as of July '25 in Nine Mile, IN is 3-bedrooms: $1,050. The most common rental property sizes in Nine Mile, IN are 3-bedroom and 2-bedroom, accounting for 60.3% and 16.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,050 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,050 | $1,050 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Nine Mile, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Nine Mile, IN is 44. This is a decrease of -62.0% from last year, suggesting that homes are sitting on the market shorter 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 | $322,000 | -40.0% |
Listing Count | 3 | -53.0% |
| Listings as % of Homes | 0.2% | -53.0% |
Days on Market | 44 | -62.0% |
Demographics — Nine Mile, IN
As of the latest ACS Survey released in 2023, Nine Mile, IN has a population of 1,010, which has decreased by -32.3% over the past 5 years. Nine Mile, IN is a moderately popular place for families, as children make up 22.3% of the population. The area has a poorly educated workforce, with 11.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,010 | -32.3% |
% Under 18 | 22.3% | 18.6% |
% Seniors | 15.1% | 2.0% |
% WFH | 1.5% | -60.5% |
% w/ College Degree | 11.7% | -44.5% |
As of the latest ACS Survey released in 2023, Nine Mile, IN is a predominantly white area, with 88.3% of the population identifying as white. The white population has shrunk by 7.8% in the last 5 years. The second most common race or ethnicity in Nine Mile, IN is hispanic, making up 0.6% of the population. Foreign-born residents account for 0.0% of the population in Nine Mile, IN, and this percentage has decreased by 100.0% 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 | 88.3% | -7.8% |
% Black | 0.0% | N/A |
% Hispanic | 0.6% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Nine Mile, IN
Nine Mile, IN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Nine Mile, IN
Nine Mile, 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 | $1,220 |
| 2 Bedroom | N/A | N/A | $1,480 |
| 3 Bedroom | $820 | $1,050 | $1,870 |
| 4 Bedroom | N/A | N/A | $2,010 |
Affordability — Nine Mile, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $270,000 |
| Median Household Income | $78,500 |