Elberfeld, IN—47613
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elberfeld, IN
As of Oct '25, the median home price in Elberfeld, IN is $252,000, with a year-over-year change of 5.3%. This indicates that home prices in Elberfeld, IN are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $252,000 | 5.3% |
| Single Family | $252,000 | 5.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $182,000 | 7.7% |
3 Bed | $252,000 | 5.4% |
4 Bed | $402,000 | 6.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elberfeld, IN
As of July '25, Rentcast reports the average rent in Elberfeld, IN is $1,500, with a year-over-year rent change of 40.2%. Per bedroom, the median rent as of July '25 in Elberfeld, IN is 3-bedrooms: $1,500. The most common rental property sizes in Elberfeld, IN are 1-bedroom and 3-bedroom, accounting for 60.5% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,500 | $1,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Elberfeld, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Elberfeld, IN is 127. This is a increase of 114.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $695,000 | -7.0% |
Listing Count | 4 | -7.0% |
| Listings as % of Homes | 0.3% | -7.0% |
Days on Market | 127 | 114.0% |
Demographics — Elberfeld, IN
As of the latest ACS Survey released in 2023, Elberfeld, IN has a population of 2,720, which has decreased by -13.8% over the past 5 years. Elberfeld, IN is a popular place for families, as children make up 30.5% of the population. The area has a poorly educated workforce, with 18.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,720 | -13.8% |
% Under 18 | 30.5% | 18.7% |
% Seniors | 10.1% | -11.4% |
% WFH | 2.7% | -12.9% |
% w/ College Degree | 18.5% | -26.9% |
As of the latest ACS Survey released in 2023, Elberfeld, IN is a predominantly white area, with 89.8% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Elberfeld, IN is hispanic, making up 0.7% of the population. Foreign-born residents account for 0.3% of the population in Elberfeld, IN, and this percentage has increased by Inf% 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 | 89.8% | -8.0% |
% Black | 0.0% | N/A |
% Hispanic | 0.7% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.3% | ∞% |
Mortgage and Risk — Elberfeld, IN
According to HUD data as of 2023, there were 72 mortgage originations in Elberfeld, IN, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Elberfeld, IN. Investor activity is low, as 7.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 72 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 7.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Elberfeld, IN
Elberfeld, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $860 |
| 2 Bedroom | N/A | N/A | $1,090 |
| 3 Bedroom | -$120 | $1,500 | $1,380 |
| 4 Bedroom | N/A | N/A | $1,570 |
Affordability — Elberfeld, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $252,000 |
| Median Household Income | $109,000 |