Ellettsville, IN—47429
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ellettsville, IN
As of Oct '25, the median home price in Ellettsville, IN is $271,000, with a year-over-year change of 3.1%. This indicates that home prices in Ellettsville, IN are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $271,000 | 3.1% |
| Single Family | $275,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $202,000 | 3.6% |
3 Bed | $259,000 | 3.2% |
4 Bed | $360,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ellettsville, IN
As of July '25, Rentcast reports the average rent in Ellettsville, IN is $1,570, with a year-over-year rent change of 1.3%. Per bedroom, the median rent as of July '25 in Ellettsville, IN is studios: $1,750, 2-bedrooms: $1,660, 3-bedrooms: $1,400, 4-bedrooms: $2,000. The most common rental property sizes in Ellettsville, IN are 2-bedroom and 1-bedroom, accounting for 31.0% and 28.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,570 |
| Studio Rent | $1,750 | $1,750 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,200 | $1,660 |
| 3 Bed Rent | $1,400 | $1,400 |
| 4 Bed Rent | $2,000 | $2,000 |
% of Rental Stock
Property Listings — Ellettsville, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Ellettsville, IN is 57. This is a decrease of -15.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $280,000 | -21.0% |
Listing Count | 45 | 7.0% |
| Listings as % of Homes | 0.9% | 7.0% |
Days on Market | 57 | -15.0% |
Demographics — Ellettsville, IN
As of the latest ACS Survey released in 2023, Ellettsville, IN has a population of 7,400, which has decreased by -16.1% over the past 5 years. Ellettsville, IN is a moderately popular place for families, as children make up 23.8% of the population. The area has a moderately educated workforce, with 32.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,400 | -16.1% |
% Under 18 | 23.8% | 0.0% |
% Seniors | 18.7% | 22.2% |
% WFH | 11.0% | 400.0% |
% w/ College Degree | 32.6% | 17.3% |
As of the latest ACS Survey released in 2023, Ellettsville, IN is a predominantly white area, with 93.1% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Ellettsville, IN is hispanic, making up 1.7% of the population. Foreign-born residents account for 1.4% of the population in Ellettsville, IN, and this percentage has decreased by 12.5% 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 | 93.1% | -0.5% |
% Black | 0.5% | -16.7% |
% Hispanic | 1.7% | -19.0% |
% Asian | 0.1% | -92.3% |
% Foreign Born | 1.4% | -12.5% |
Mortgage and Risk — Ellettsville, IN
According to HUD data as of 2023, there were 150 mortgage originations in Ellettsville, IN, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Ellettsville, IN. Investor activity is low, as 1.0% 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 | 150 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Ellettsville, IN
Ellettsville, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 179 |
Total Units Section 8 | 179 |
% Rentals under Section 8 | 49.7% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $890 |
| 2 Bedroom | -$180 | $1,200 | $1,020 |
| 3 Bedroom | $0 | $1,400 | $1,400 |
| 4 Bedroom | -$360 | $2,000 | $1,640 |
Affordability — Ellettsville, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $271,000 |
| Median Household Income | $88,600 |