Connersville, IN—47331
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Connersville, IN
As of Oct '25, the median home price in Connersville, IN is $156,000, with a year-over-year change of 7.3%. This indicates that home prices in Connersville, 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $156,000 | 7.3% |
| Single Family | $156,000 | 7.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $78,000 | 4.0% |
2 Bed | $105,000 | 6.1% |
3 Bed | $177,000 | 7.9% |
4 Bed | $218,000 | 7.9% |
| 5 Bed | $247,000 | 9.3% |
% of Housing Stock
Rental Trends — Connersville, IN
As of July '25, Rentcast reports the average rent in Connersville, IN is $828, with a year-over-year rent change of 0.1%. Per bedroom, the median rent as of July '25 in Connersville, IN is 1-bedrooms: $630, 2-bedrooms: $897, 3-bedrooms: $1,050. The most common rental property sizes in Connersville, IN are 2-bedroom and 1-bedroom, accounting for 45.9% and 24.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $828 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $625 | $630 |
| 2 Bed Rent | $875 | $897 |
| 3 Bed Rent | $1,050 | $1,050 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Connersville, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Connersville, IN is 53. This is a increase of 39.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $199,000 | 16.0% |
Listing Count | 99 | 5.0% |
| Listings as % of Homes | 0.6% | 5.0% |
Days on Market | 53 | 39.0% |
Demographics — Connersville, IN
As of the latest ACS Survey released in 2023, Connersville, IN has a population of 22,800, which has increased by 1.2% over the past 5 years. Connersville, IN is a moderately popular place for families, as children make up 22.8% of the population. The area has a poorly educated workforce, with 16.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,800 | 1.2% |
% Under 18 | 22.8% | 2.2% |
% Seniors | 20.6% | 9.0% |
% WFH | 4.6% | 64.3% |
% w/ College Degree | 16.9% | 43.2% |
As of the latest ACS Survey released in 2023, Connersville, IN is a predominantly white area, with 93.5% 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 Connersville, IN is hispanic, making up 1.4% of the population. Foreign-born residents account for 1.3% of the population in Connersville, IN, and this percentage has increased by 85.7% 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 | 93.5% | -2.2% |
% Black | 1.2% | -53.8% |
% Hispanic | 1.4% | 16.7% |
% Asian | 0.2% | 0.0% |
% Foreign Born | 1.3% | 85.7% |
Mortgage and Risk — Connersville, IN
According to HUD data as of 2023, there were 446 mortgage originations in Connersville, IN, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Connersville, IN. Investor activity is low, as 7.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 446 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Connersville, IN
Connersville, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 363 |
Total Units Section 8 | 363 |
% Rentals under Section 8 | 14.2% |
% Occupied Section 8 | 87.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $85 | $625 | $710 |
| 2 Bedroom | $55 | $875 | $930 |
| 3 Bedroom | $120 | $1,050 | $1,170 |
| 4 Bedroom | N/A | N/A | $1,350 |
Affordability — Connersville, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $156,000 |
| Median Household Income | $56,500 |