Gaston, IN—47342
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gaston, IN
As of Oct '25, the median home price in Gaston, IN is $193,000, with a year-over-year change of 4.5%. This indicates that home prices in Gaston, IN are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $193,000 | 4.5% |
| Single Family | $194,000 | 3.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $134,000 | 3.1% |
3 Bed | $187,000 | 3.3% |
4 Bed | $253,000 | 4.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gaston, IN
As of July '25, Rentcast reports the average rent in Gaston, IN is $800, with a year-over-year rent change of -20.8%. Per bedroom, the median rent as of July '25 in Gaston, IN is 3-bedrooms: $800. The most common rental property sizes in Gaston, IN are 3-bedroom and 2-bedroom, accounting for 42.2% and 35.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $800 | $800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Gaston, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Gaston, IN is 12. This is a decrease of -23.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $216,000 | -6.0% |
Listing Count | 5 | -50.0% |
| Listings as % of Homes | 0.1% | -50.0% |
Days on Market | 12 | -23.0% |
Demographics — Gaston, IN
As of the latest ACS Survey released in 2023, Gaston, IN has a population of 2,510, which has decreased by -4.7% over the past 5 years. Gaston, IN is a popular place for families, as children make up 25.1% of the population. The area has a poorly educated workforce, with 12.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,510 | -4.7% |
% Under 18 | 25.1% | 44.3% |
% Seniors | 15.6% | -18.3% |
% WFH | 7.1% | 787.5% |
% w/ College Degree | 12.4% | -35.1% |
As of the latest ACS Survey released in 2023, Gaston, IN is a predominantly white area, with 92.7% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in Gaston, IN is hispanic, making up 4.8% of the population. Foreign-born residents account for 1.4% of the population in Gaston, IN, and this percentage has increased by 600.0% 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 | 92.7% | -6.5% |
% Black | 0.0% | -100.0% |
% Hispanic | 4.8% | 1,500.0% |
% Asian | 0.1% | ∞% |
% Foreign Born | 1.4% | 600.0% |
Mortgage and Risk — Gaston, IN
According to HUD data as of 2023, there were 37 mortgage originations in Gaston, IN, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Gaston, IN. Investor activity is low, as 3.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 37 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Gaston, IN
Gaston, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 3.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | N/A | N/A | $1,030 |
| 3 Bedroom | $530 | $800 | $1,330 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — Gaston, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $193,000 |
| Median Household Income | $65,600 |