Westport, IN—47283
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Westport, IN
As of Oct '25, the median home price in Westport, IN is $227,000, with a year-over-year change of 4.7%. This indicates that home prices in Westport, 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 | $227,000 | 4.7% |
| Single Family | $227,000 | 5.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $176,000 | 5.4% |
3 Bed | $230,000 | 5.5% |
4 Bed | $293,000 | 4.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Westport, IN
As of July '25, Rentcast reports the average rent in Westport, IN is $1,430, with a year-over-year rent change of -5.9%. Per bedroom, the median rent as of July '25 in Westport, IN is 3-bedrooms: $1,430, 4-bedrooms: $1,450. The most common rental property sizes in Westport, IN are 1-bedroom and 2-bedroom, accounting for 33.3% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,430 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,250 | $1,430 |
| 4 Bed Rent | $1,450 | $1,450 |
% of Rental Stock
Property Listings — Westport, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Westport, IN is 32. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $242,000 | 34.0% |
Listing Count | 8 | -38.0% |
| Listings as % of Homes | 0.5% | -38.0% |
Days on Market | 32 | 5.0% |
Demographics — Westport, IN
As of the latest ACS Survey released in 2023, Westport, IN has a population of 4,080, which has increased by 26.6% over the past 5 years. Westport, IN is a moderately popular place for families, as children make up 23.9% of the population. The area has a poorly educated workforce, with 22.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,080 | 26.6% |
% Under 18 | 23.9% | 13.8% |
% Seniors | 12.5% | -43.9% |
% WFH | 11.1% | 184.6% |
% w/ College Degree | 22.7% | 80.2% |
As of the latest ACS Survey released in 2023, Westport, IN is a predominantly white area, with 95.4% of the population identifying as white. The white population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in Westport, IN is hispanic, making up 1.0% of the population. Foreign-born residents account for 1.1% of the population in Westport, IN, and this percentage has increased by 10.0% 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 | 95.4% | -0.2% |
% Black | 0.0% | N/A |
% Hispanic | 1.0% | -23.1% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.1% | 10.0% |
Mortgage and Risk — Westport, IN
According to HUD data as of 2023, there were 67 mortgage originations in Westport, IN, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Westport, IN. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 67 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Westport, IN
Westport, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $960 |
| 2 Bedroom | N/A | N/A | $1,080 |
| 3 Bedroom | $140 | $1,250 | $1,390 |
| 4 Bedroom | $60 | $1,450 | $1,510 |
Affordability — Westport, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $227,000 |
| Median Household Income | $80,500 |