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Converse, IN—46919

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$175,000
7.7% YoY Growth
Household Income
$71,000
35.6% YoY Growth
Days on Market
11
39.0% Shorter YoY
Home Price Forecast
3.7%
Median Rent
$600
15.5% YoY Growth
1-Bed Rent
$600
15.5% YoY Growth
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Converse, IN

As of Dec '25, the median home price in Converse, IN is $175,000, with a year-over-year change of 7.7%. This indicates that home prices in Converse, IN are increasing. According to Zillow, the 1-year price projection is 3.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$175,0007.7%
Single Family $175,0008.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$123,0008.8%
    3 Bed
    		$176,0008.0%
    4 Bed
    		$229,0006.0%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    2.3%
    1 Bedroom
    8.0%
    2 Bedrooms
    13.8%
    3 Bedrooms
    53.6%
    4 Bedrooms
    21.0%
    5+ Bedrooms
    1.3%

    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.

    TypeMedian RentAverage Rent
    Average Rent$600$600
    Studio Rent N/AN/A
    1 Bed Rent $600$600
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    56.5%
    2 Bedrooms
    8.7%
    3 Bedrooms
    34.8%

    Property Listings — Converse, IN

    As of Dec '25, Realtor.com reports that the median days on market for a home in Converse, IN is 29. This is a decrease of -51.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$114,000-45.0%
    Listing Count
    		4-35.0%
    Listings as % of Homes0.4%-35.0%
    Days on Market
    		11-39.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$140$600$740
    2 BedroomN/AN/A$930
    3 BedroomN/AN/A$1,180
    4 BedroomN/AN/A$1,380

    Affordability — Converse, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2
    Median Home Price$175,000
    Median Household Income$71,000

    Converse, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions