Bedford, IN—47421
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Bedford, IN
Home Price Trends — Bedford, IN
As of Oct '25, the median home price in Bedford, IN is $204,000, with a year-over-year change of 3.4%. This indicates that home prices in Bedford, IN are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $204,000 | 3.4% |
| Single Family | $204,000 | 3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $100,000 | 2.0% |
2 Bed | $148,000 | 5.0% |
3 Bed | $217,000 | 3.8% |
4 Bed | $291,000 | 3.2% |
| 5 Bed | $349,000 | 2.0% |
% of Housing Stock
Rental Trends — Bedford, IN
As of July '25, Rentcast reports the average rent in Bedford, IN is $1,160, with a year-over-year rent change of 14.9%. Per bedroom, the median rent as of July '25 in Bedford, IN is 1-bedrooms: $878, 2-bedrooms: $931, 3-bedrooms: $1,550, 4-bedrooms: $2,010. The most common rental property sizes in Bedford, IN are 2-bedroom and 1-bedroom, accounting for 31.6% and 27.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $903 | $1,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $878 |
| 2 Bed Rent | $900 | $931 |
| 3 Bed Rent | $1,500 | $1,550 |
| 4 Bed Rent | $1,600 | $2,010 |
% of Rental Stock
Property Listings — Bedford, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Bedford, IN is 58. This is a increase of 10.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $254,000 | 2.0% |
Listing Count | 131 | -6.0% |
| Listings as % of Homes | 0.8% | -6.0% |
Days on Market | 58 | 10.0% |
Demographics — Bedford, IN
As of the latest ACS Survey released in 2023, Bedford, IN has a population of 27,600, which has remained stable by 0.9% over the past 5 years. Bedford, IN is a moderately popular place for families, as children make up 19.8% of the population. The area has a poorly educated workforce, with 21.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,600 | 0.9% |
% Under 18 | 19.8% | -6.2% |
% Seniors | 21.7% | 2.8% |
% WFH | 6.5% | 116.7% |
% w/ College Degree | 21.0% | 28.0% |
As of the latest ACS Survey released in 2023, Bedford, IN is a predominantly white area, with 94.5% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Bedford, IN is hispanic, making up 2.3% of the population. Foreign-born residents account for 1.1% of the population in Bedford, IN, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.5% | -0.7% |
% Black | 0.3% | -25.0% |
% Hispanic | 2.3% | 35.3% |
% Asian | 0.3% | -25.0% |
% Foreign Born | 1.1% | 0.0% |
Mortgage and Risk — Bedford, IN
According to HUD data as of 2023, there were 596 mortgage originations in Bedford, IN, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Bedford, IN. Investor activity is low, as 1.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 596 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Bedford, IN
As of 2024, the percent of homes in Bedford, IN under the Section 8 program is 11.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Bedford, IN, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 459 |
Total Units Section 8 | 287 |
% Rentals under Section 8 | 11.1% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $850 | $890 |
| 2 Bedroom | $120 | $900 | $1,020 |
| 3 Bedroom | -$100 | $1,500 | $1,400 |
| 4 Bedroom | $40 | $1,600 | $1,640 |
Affordability — Bedford, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $204,000 |
| Median Household Income | $66,600 |