Rensselaer, IN—47978
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rensselaer, IN
As of Oct '25, the median home price in Rensselaer, IN is $240,000, with a year-over-year change of 6.5%. This indicates that home prices in Rensselaer, IN are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $240,000 | 6.5% |
| Single Family | $241,000 | 6.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $171,000 | 6.9% |
3 Bed | $250,000 | 5.9% |
4 Bed | $308,000 | 6.6% |
| 5 Bed | $334,000 | 6.4% |
% of Housing Stock
Rental Trends — Rensselaer, IN
As of July '25, Rentcast reports the average rent in Rensselaer, IN is $1,230, with a year-over-year rent change of 78.3%. Per bedroom, the median rent as of July '25 in Rensselaer, IN is 1-bedrooms: $845, 2-bedrooms: $895, 4-bedrooms: $1,950. The most common rental property sizes in Rensselaer, IN are 2-bedroom and 3-bedroom, accounting for 32.0% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $895 | $1,230 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $845 | $845 |
| 2 Bed Rent | $895 | $895 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,950 | $1,950 |
% of Rental Stock
Property Listings — Rensselaer, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Rensselaer, IN is 55. This is a increase of 16.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $262,000 | 8.0% |
Listing Count | 45 | 40.0% |
| Listings as % of Homes | 0.7% | 40.0% |
Days on Market | 55 | 16.0% |
Demographics — Rensselaer, IN
As of the latest ACS Survey released in 2023, Rensselaer, IN has a population of 10,100, which has decreased by -10.8% over the past 5 years. Rensselaer, IN is a moderately popular place for families, as children make up 19.9% of the population. The area has a poorly educated workforce, with 18.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,100 | -10.8% |
% Under 18 | 19.9% | -20.7% |
% Seniors | 19.5% | 24.2% |
% WFH | 4.4% | 100.0% |
% w/ College Degree | 18.2% | 0.0% |
As of the latest ACS Survey released in 2023, Rensselaer, IN is a predominantly white area, with 84.5% of the population identifying as white. The white population has shrunk by 7.3% in the last 5 years. The second most common race or ethnicity in Rensselaer, IN is hispanic, making up 9.1% of the population. Foreign-born residents account for 4.7% of the population in Rensselaer, IN, and this percentage has increased by 95.8% 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 | 84.5% | -7.3% |
% Black | 1.3% | -7.1% |
% Hispanic | 9.1% | 54.2% |
% Asian | 0.6% | 0.0% |
% Foreign Born | 4.7% | 95.8% |
Mortgage and Risk — Rensselaer, IN
According to HUD data as of 2023, there were 130 mortgage originations in Rensselaer, IN, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Rensselaer, 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 | 130 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Rensselaer, IN
Rensselaer, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 70 |
Total Units Section 8 | 56 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 95.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $15 | $845 | $860 |
| 2 Bedroom | $235 | $895 | $1,130 |
| 3 Bedroom | N/A | N/A | $1,480 |
| 4 Bedroom | -$450 | $1,950 | $1,500 |
Affordability — Rensselaer, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $240,000 |
| Median Household Income | $71,400 |