Rensselaer, IN 47978 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Rensselaer, IN—47978

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$239,000

6.1% YoY Growth

Household Income

$71,400

24.3% YoY Growth

Days on Market

4.0% Longer YoY

Home Price Forecast

1.6%

Median Rent

$895

78.3% YoY Growth

1-Bed Rent

$845

30.0% YoY Growth

2-Bed Rent

$895

26.1% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Rensselaer, IN

As of Dec '25, the median home price in Rensselaer, IN is $239,000, with a year-over-year change of 6.1%. This indicates that home prices in Rensselaer, IN are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$239,000	6.1%
Single Family	$239,000	5.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

8.2%

1 Bedroom

23.9%

2 Bedrooms

32.0%

3 Bedrooms

29.7%

4 Bedrooms

6.3%

Property Listings — Rensselaer, IN

As of Dec '25, Realtor.com reports that the median days on market for a home in Rensselaer, IN is 62. This is a increase of 11.0% 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	$245,000	-2.0%
Listing Count	43	13.0%
Listings as % of Homes	0.7%	13.0%
Days on Market	71	4.0%

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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%

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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%

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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%

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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

Rensselaer, IN—47978

Key Metrics at a Glance

Home Price Trends — Rensselaer, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Rensselaer, IN

% of Rental Stock

Property Listings — Rensselaer, IN

Demographics — Rensselaer, IN

Race and Ethnicity

Mortgage and Risk — Rensselaer, IN

Mortgages

Rentals and Section 8 — Rensselaer, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Rensselaer, IN

Home Price to Income Ratio

Rensselaer, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Fair Oaks, IN

Wheatfield, IN

Remington, IN

DeMotte, IN

Wolcott, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$239,000
Median Household Income	$71,400

Rensselaer, IN—47978

Key Metrics at a Glance

Home Price Trends — Rensselaer, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Rensselaer, IN

% of Rental Stock

Property Listings — Rensselaer, IN

Demographics — Rensselaer, IN

Race and Ethnicity

Mortgage and Risk — Rensselaer, IN

Mortgages

Rentals and Section 8 — Rensselaer, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Rensselaer, IN

Home Price to Income Ratio

Rensselaer, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Fair Oaks, IN

Wheatfield, IN

Remington, IN

DeMotte, IN

Wolcott, IN

Frequently Asked Questions

What is the average home price in Rensselaer, IN 47978?

How have home prices in Rensselaer, IN 47978 changed over the past year?

What is the home price projection for Rensselaer, IN 47978?

What are the demographics of Rensselaer, IN 47978?

How long does it take homes to sell in Rensselaer, IN 47978?

What is the average rent price in Rensselaer, IN 47978?