Converse, IN—46919
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Converse, IN
As of Oct '25, the median home price in Converse, IN is $175,000, with a year-over-year change of 7.2%. This indicates that home prices in Converse, IN are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $175,000 | 7.2% |
| Single Family | $175,000 | 8.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $125,000 | 8.7% |
3 Bed | $175,000 | 8.0% |
4 Bed | $228,000 | 6.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Converse, IN
As of July '25, Rentcast reports the average rent in Converse, IN is $600, with a year-over-year rent change of -15.5%. Per bedroom, the median rent as of July '25 in Converse, IN is 1-bedrooms: $600. The most common rental property sizes in Converse, IN are 1-bedroom and 3-bedroom, accounting for 56.5% and 34.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $600 | $600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $600 | $600 |
| 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 — Converse, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Converse, IN is 26. 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $135,000 | -45.0% |
Listing Count | 9 | 14.0% |
| Listings as % of Homes | 0.4% | 14.0% |
Days on Market | 26 | -62.0% |
Demographics — Converse, IN
As of the latest ACS Survey released in 2023, Converse, IN has a population of 1,790, which has decreased by -32.2% over the past 5 years. Converse, IN is a moderately popular place for families, as children make up 18.4% of the population. The area has a poorly educated workforce, with 20.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,790 | -32.2% |
% Under 18 | 18.4% | -31.9% |
% Seniors | 23.9% | 13.8% |
% WFH | 10.1% | 320.8% |
% w/ College Degree | 20.4% | -3.8% |
As of the latest ACS Survey released in 2023, Converse, IN is a predominantly white area, with 95.9% of the population identifying as white. The white population has grown by 3.8% in the last 5 years. The second most common race or ethnicity in Converse, IN is asian, making up 0.6% of the population. Foreign-born residents account for 0.6% of the population in Converse, IN, and this percentage has increased by 20.0% 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 | 95.9% | 3.8% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.6% | ∞% |
% Foreign Born | 0.6% | 20.0% |
Mortgage and Risk — Converse, IN
According to HUD data as of 2023, there were 52 mortgage originations in Converse, IN, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Converse, IN. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 52 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Converse, IN
Converse, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 30 |
Total Units Section 8 | 30 |
% Rentals under Section 8 | 33.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $600 | $740 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,180 |
| 4 Bedroom | N/A | N/A | $1,380 |
Affordability — Converse, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $175,000 |
| Median Household Income | $71,000 |