West Harrison, IN—47060
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Harrison, IN
As of Oct '25, the median home price in West Harrison, IN is $356,000, with a year-over-year change of 3.8%. This indicates that home prices in West Harrison, IN are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $356,000 | 3.8% |
| Single Family | $358,000 | 3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $269,000 | 3.5% |
3 Bed | $353,000 | 3.8% |
4 Bed | $437,000 | 3.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — West Harrison, IN
West Harrison, IN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,200 | $2,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — West Harrison, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in West Harrison, IN is 53. This is a decrease of -38.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $457,000 | 17.0% |
Listing Count | 10 | 29.0% |
| Listings as % of Homes | 0.2% | 29.0% |
Days on Market | 53 | -38.0% |
Demographics — West Harrison, IN
As of the latest ACS Survey released in 2023, West Harrison, IN has a population of 6,380, which has increased by 8.7% over the past 5 years. West Harrison, IN is a moderately popular place for families, as children make up 21.1% of the population. The area has a poorly educated workforce, with 21.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,380 | 8.7% |
% Under 18 | 21.1% | -3.2% |
% Seniors | 23.1% | 33.5% |
% WFH | 13.9% | 363.3% |
% w/ College Degree | 21.4% | -9.3% |
As of the latest ACS Survey released in 2023, West Harrison, IN is a predominantly white area, with 95.8% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in West Harrison, IN is asian, making up 1.4% of the population. Foreign-born residents account for 0.7% of the population in West Harrison, IN, and this percentage has decreased by 46.2% 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 | 95.8% | -2.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.0% | -100.0% |
% Asian | 1.4% | ∞% |
% Foreign Born | 0.7% | -46.2% |
Mortgage and Risk — West Harrison, IN
According to HUD data as of 2023, there were 173 mortgage originations in West Harrison, IN, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in West Harrison, IN. Investor activity is low, as 0.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 173 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — West Harrison, IN
West Harrison, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 38 |
Total Units Section 8 | 38 |
% Rentals under Section 8 | 13.4% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $920 |
| 2 Bedroom | N/A | N/A | $1,190 |
| 3 Bedroom | -$620 | $2,200 | $1,580 |
| 4 Bedroom | N/A | N/A | $1,700 |
Affordability — West Harrison, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $356,000 |
| Median Household Income | $75,900 |