Monon, IN—47959
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Monon, IN
Monon, IN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $175,000 | 4.4% |
| Single Family | $175,000 | 4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $162,000 | 5.9% |
3 Bed | $190,000 | 5.0% |
4 Bed | $228,000 | 5.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Monon, IN
Monon, IN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Monon, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Monon, IN is 48. This is a increase of 17.0% 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 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 | $331,000 | 32.0% |
Listing Count | 15 | 117.0% |
| Listings as % of Homes | 0.3% | 117.0% |
Days on Market | 48 | 17.0% |
Demographics — Monon, IN
As of the latest ACS Survey released in 2023, Monon, IN has a population of 2,560, which has decreased by -11.8% over the past 5 years. Monon, IN is a popular place for families, as children make up 30.0% of the population. The area has a poorly educated workforce, with 8.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,560 | -11.8% |
% Under 18 | 30.0% | 0.7% |
% Seniors | 11.8% | -18.6% |
% WFH | 0.2% | -77.8% |
% w/ College Degree | 8.8% | -18.5% |
As of the latest ACS Survey released in 2023, Monon, IN is a predominantly white area, with 54.1% of the population identifying as white. The white population has shrunk by 19.1% in the last 5 years. The second most common race or ethnicity in Monon, IN is hispanic, making up 43.0% of the population. Foreign-born residents account for 27.6% of the population in Monon, IN, and this percentage has increased by 60.5% 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 | 54.1% | -19.1% |
% Black | 0.7% | -30.0% |
% Hispanic | 43.0% | 36.1% |
% Asian | 0.0% | N/A |
% Foreign Born | 27.6% | 60.5% |
Mortgage and Risk — Monon, IN
According to HUD data as of 2023, there were 47 mortgage originations in Monon, IN, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Monon, IN. Investor activity is low, as 4.0% 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 | 47 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 4.0% |
% Second Loans | 17.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Monon, IN
Monon, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 26 |
Total Units Section 8 | 26 |
% Rentals under Section 8 | 9.8% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | N/A | N/A | $1,040 |
| 3 Bedroom | N/A | N/A | $1,350 |
| 4 Bedroom | N/A | N/A | $1,380 |
Affordability — Monon, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $175,000 |
| Median Household Income | $60,500 |