Millersburg, IN—46543
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Millersburg, IN
As of Oct '25, the median home price in Millersburg, IN is $398,000, with a year-over-year change of 6.7%. This indicates that home prices in Millersburg, IN are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $398,000 | 6.7% |
| Single Family | $397,000 | 7.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $298,000 | 6.0% |
3 Bed | $326,000 | 7.2% |
4 Bed | $494,000 | 8.1% |
| 5 Bed | $621,000 | 6.0% |
% of Housing Stock
Rental Trends — Millersburg, IN
As of July '25, Rentcast reports the average rent in Millersburg, IN is $1,050, with a year-over-year rent change of 8.0%. Per bedroom, the median rent as of July '25 in Millersburg, IN is 1-bedrooms: $950, 2-bedrooms: $1,150. The most common rental property sizes in Millersburg, IN are 2-bedroom and 3-bedroom, accounting for 52.0% and 22.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,050 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $950 |
| 2 Bed Rent | $1,150 | $1,150 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Millersburg, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Millersburg, IN is 27. This is a decrease of -51.0% from last year, suggesting that homes are sitting on the market shorter 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 | $252,000 | 20.0% |
Listing Count | 5 | -33.0% |
| Listings as % of Homes | 0.2% | -33.0% |
Days on Market | 27 | -51.0% |
Demographics — Millersburg, IN
As of the latest ACS Survey released in 2023, Millersburg, IN has a population of 4,470, which has increased by 35.8% over the past 5 years. Millersburg, IN is a popular place for families, as children make up 45.1% of the population. The area has a poorly educated workforce, with 9.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,470 | 35.8% |
% Under 18 | 45.1% | 11.4% |
% Seniors | 5.4% | -23.9% |
% WFH | 3.2% | -23.8% |
% w/ College Degree | 9.1% | 3.4% |
As of the latest ACS Survey released in 2023, Millersburg, IN is a predominantly white area, with 94.1% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Millersburg, IN is hispanic, making up 5.3% of the population. Foreign-born residents account for 0.3% of the population in Millersburg, IN, and this percentage has decreased by 66.7% 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 | 94.1% | -4.3% |
% Black | 0.2% | 100.0% |
% Hispanic | 5.3% | 381.8% |
% Asian | 0.1% | ∞% |
% Foreign Born | 0.3% | -66.7% |
Mortgage and Risk — Millersburg, IN
According to HUD data as of 2023, there were 121 mortgage originations in Millersburg, IN, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 44.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Millersburg, IN. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 121 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Millersburg, IN
Millersburg, 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 | -$100 | $950 | $850 |
| 2 Bedroom | -$80 | $1,150 | $1,070 |
| 3 Bedroom | N/A | N/A | $1,370 |
| 4 Bedroom | N/A | N/A | $1,420 |
Affordability — Millersburg, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $398,000 |
| Median Household Income | $111,000 |