Brazil, IN—47834
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Brazil, IN
As of Oct '25, the median home price in Brazil, IN is $181,000, with a year-over-year change of 3.4%. This indicates that home prices in Brazil, IN are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $181,000 | 3.4% |
| Single Family | $181,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $92,000 | -1.1% |
2 Bed | $125,000 | 2.5% |
3 Bed | $199,000 | 3.6% |
4 Bed | $272,000 | 3.8% |
| 5 Bed | $278,000 | 1.5% |
% of Housing Stock
Rental Trends — Brazil, IN
As of July '25, Rentcast reports the average rent in Brazil, IN is $772, with a year-over-year rent change of 9.0%. Per bedroom, the median rent as of July '25 in Brazil, IN is 2-bedrooms: $772. The most common rental property sizes in Brazil, IN are 2-bedroom and 3-bedroom, accounting for 49.2% and 22.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $695 | $772 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $695 | $772 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Brazil, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Brazil, IN is 46. This is a increase of 4.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $235,000 | 6.0% |
Listing Count | 69 | 9.0% |
| Listings as % of Homes | 0.6% | 9.0% |
Days on Market | 46 | 4.0% |
Demographics — Brazil, IN
As of the latest ACS Survey released in 2023, Brazil, IN has a population of 18,800, which has decreased by -2.3% over the past 5 years. Brazil, IN is a moderately popular place for families, as children make up 21.8% of the population. The area has a poorly educated workforce, with 17.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,800 | -2.3% |
% Under 18 | 21.8% | -3.1% |
% Seniors | 18.9% | 6.8% |
% WFH | 3.6% | 44.0% |
% w/ College Degree | 17.1% | -1.7% |
As of the latest ACS Survey released in 2023, Brazil, IN is a predominantly white area, with 93.6% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Brazil, IN is hispanic, making up 2.4% of the population. Foreign-born residents account for 0.9% of the population in Brazil, IN, and this percentage has decreased by 10.0% 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 | 93.6% | -1.9% |
% Black | 0.3% | -70.0% |
% Hispanic | 2.4% | 500.0% |
% Asian | 0.3% | 0.0% |
% Foreign Born | 0.9% | -10.0% |
Mortgage and Risk — Brazil, IN
According to HUD data as of 2023, there were 374 mortgage originations in Brazil, IN, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Brazil, IN. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 374 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Brazil, IN
Brazil, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 396 |
Total Units Section 8 | 108 |
% Rentals under Section 8 | 5.9% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $770 |
| 2 Bedroom | $325 | $695 | $1,020 |
| 3 Bedroom | N/A | N/A | $1,360 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Brazil, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $181,000 |
| Median Household Income | $66,700 |