Flora, IN—46929
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Flora, IN
As of Oct '25, the median home price in Flora, IN is $195,000, with a year-over-year change of 5.0%. This indicates that home prices in Flora, IN are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $195,000 | 5.0% |
| Single Family | $196,000 | 5.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $144,000 | 5.9% |
3 Bed | $201,000 | 5.8% |
4 Bed | $247,000 | 6.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Flora, IN
As of July '25, Rentcast reports the average rent in Flora, IN is $1,200, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Flora, IN is 1-bedrooms: $925, 2-bedrooms: $900, 3-bedrooms: $2,400. The most common rental property sizes in Flora, IN are 2-bedroom and 3-bedroom, accounting for 39.1% and 32.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $925 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $925 | $925 |
| 2 Bed Rent | $900 | $900 |
| 3 Bed Rent | $2,400 | $2,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Flora, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Flora, IN is 24. This is a decrease of -2.0% 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 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 | $274,000 | 33.0% |
Listing Count | 13 | 3.0% |
| Listings as % of Homes | 0.4% | 3.0% |
Days on Market | 24 | -2.0% |
Demographics — Flora, IN
As of the latest ACS Survey released in 2023, Flora, IN has a population of 3,030, which has increased by 1.6% over the past 5 years. Flora, IN is a moderately popular place for families, as children make up 18.7% of the population. The area has a poorly educated workforce, with 15.8% 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 | 3,030 | 1.6% |
% Under 18 | 18.7% | -31.2% |
% Seniors | 19.7% | 20.9% |
% WFH | 1.5% | -54.5% |
% w/ College Degree | 15.8% | 2.6% |
As of the latest ACS Survey released in 2023, Flora, IN is a predominantly white area, with 87.9% of the population identifying as white. The white population has shrunk by 9.9% in the last 5 years. The second most common race or ethnicity in Flora, IN is black, making up 4.4% of the population. Foreign-born residents account for 1.1% of the population in Flora, IN, and this percentage has decreased by 50.0% 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 | 87.9% | -9.9% |
% Black | 4.4% | 158.8% |
% Hispanic | 3.9% | 550.0% |
% Asian | 0.1% | ∞% |
% Foreign Born | 1.1% | -50.0% |
Mortgage and Risk — Flora, IN
According to HUD data as of 2023, there were 71 mortgage originations in Flora, IN, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Flora, IN. Investor activity is low, as 1.0% of loans were by investors. 24.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 71 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 24.0% |
Loan Activity
Rentals and Section 8 — Flora, IN
Flora, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$205 | $925 | $720 |
| 2 Bedroom | $30 | $900 | $930 |
| 3 Bedroom | -$1,210 | $2,400 | $1,190 |
| 4 Bedroom | N/A | N/A | $1,290 |
Affordability — Flora, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $195,000 |
| Median Household Income | $61,700 |