Boonville, IN 47601 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Boonville, IN—47601

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$221,000

4.6% YoY Growth

Household Income

$77,400

33.6% YoY Growth

Days on Market

20.0% Longer YoY

Home Price Forecast

2.7%

Median Rent

$950

22.0% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$950

4.8% YoY Growth

3-Bed Rent

$950

44.4% YoY Growth

Home Price Trends — Boonville, IN

As of Dec '25, the median home price in Boonville, IN is $221,000, with a year-over-year change of 4.6%. This indicates that home prices in Boonville, IN are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$221,000	4.6%
Single Family	$221,000	4.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Boonville, IN

As of July '25, Rentcast reports the average rent in Boonville, IN is $1,070, with a year-over-year rent change of 22.0%. Per bedroom, the median rent as of July '25 in Boonville, IN is 2-bedrooms: $915, 3-bedrooms: $1,300. The most common rental property sizes in Boonville, IN are 2-bedroom and 1-bedroom, accounting for 60.4% and 20.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$950	$1,070
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$950	$915
3 Bed Rent	$950	$1,300
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

3.8%

1 Bedroom

20.2%

2 Bedrooms

60.4%

3 Bedrooms

14.4%

4 Bedrooms

1.1%

Property Listings — Boonville, IN

As of Dec '25, Realtor.com reports that the median days on market for a home in Boonville, IN is 71. This is a increase of 64.0% 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	$278,000	32.0%
Listing Count	49	23.0%
Listings as % of Homes	0.4%	23.0%
Days on Market	48	20.0%

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Demographics — Boonville, IN

As of the latest ACS Survey released in 2023, Boonville, IN has a population of 13,100, which has decreased by -6.4% over the past 5 years. Boonville, IN is a moderately popular place for families, as children make up 21.9% of the population. The area has a poorly educated workforce, with 23.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	13,100	-6.4%
% Under 18	21.9%	-1.8%
% Seniors	20.2%	9.8%
% WFH	5.5%	292.9%
% w/ College Degree	23.7%	35.4%

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As of the latest ACS Survey released in 2023, Boonville, IN is a predominantly white area, with 95.3% of the population identifying as white. The white population has grown by 0.7% in the last 5 years. The second most common race or ethnicity in Boonville, IN is hispanic, making up 2.1% of the population. Foreign-born residents account for 0.4% of the population in Boonville, IN, and this percentage has decreased by 82.6% 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	95.3%	0.7%
% Black	0.4%	0.0%
% Hispanic	2.1%	-8.7%
% Asian	0.1%	-91.7%
% Foreign Born	0.4%	-82.6%

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Mortgage and Risk — Boonville, IN

According to HUD data as of 2023, there were 335 mortgage originations in Boonville, IN, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Boonville, IN. Investor activity is low, as 5.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	335
% Conventional Loans	79.0%
% Government Loans	21.0%
% Investor Loans	5.0%
% Second Loans	0.0%
% Cash Out Refinance	17.0%

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Rentals and Section 8 — Boonville, IN

Boonville, IN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	171
Total Units Section 8	171
% Rentals under Section 8	15.8%
% Occupied Section 8	86.9%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$770
2 Bedroom	$30	$950	$980
3 Bedroom	$280	$950	$1,230
4 Bedroom	N/A	N/A	$1,410

Boonville, IN—47601

Key Metrics at a Glance

Home Price Trends — Boonville, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Boonville, IN

% of Rental Stock

Property Listings — Boonville, IN

Demographics — Boonville, IN

Race and Ethnicity

Mortgage and Risk — Boonville, IN

Mortgages

Rentals and Section 8 — Boonville, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Boonville, IN

Home Price to Income Ratio

Boonville, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Tennyson, IN

Newburgh, IN

Chandler, IN

Lynnville, IN

Elberfeld, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.5
Median Home Price	$221,000
Median Household Income	$77,400

Boonville, IN—47601

Key Metrics at a Glance

Home Price Trends — Boonville, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Boonville, IN

% of Rental Stock

Property Listings — Boonville, IN

Demographics — Boonville, IN

Race and Ethnicity

Mortgage and Risk — Boonville, IN

Mortgages

Rentals and Section 8 — Boonville, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Boonville, IN

Home Price to Income Ratio

Boonville, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Tennyson, IN

Newburgh, IN

Chandler, IN

Lynnville, IN

Elberfeld, IN

Frequently Asked Questions

What is the average home price in Boonville, IN 47601?

How have home prices in Boonville, IN 47601 changed over the past year?

What is the home price projection for Boonville, IN 47601?

What are the demographics of Boonville, IN 47601?

How long does it take homes to sell in Boonville, IN 47601?

What is the average rent price in Boonville, IN 47601?