Plymouth, IN—46563
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Plymouth, IN
As of Oct '25, the median home price in Plymouth, IN is $235,000, with a year-over-year change of 2.2%. This indicates that home prices in Plymouth, IN are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $235,000 | 2.2% |
| Single Family | $235,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $131,000 | 2.3% |
2 Bed | $174,000 | 3.6% |
3 Bed | $243,000 | 3.0% |
4 Bed | $302,000 | 2.7% |
| 5 Bed | $353,000 | 1.7% |
% of Housing Stock
Rental Trends — Plymouth, IN
As of July '25, Rentcast reports the average rent in Plymouth, IN is $1,200, with a year-over-year rent change of 2.6%. Per bedroom, the median rent as of July '25 in Plymouth, IN is studios: $656, 1-bedrooms: $885, 2-bedrooms: $1,140, 3-bedrooms: $1,980, 4-bedrooms: $2,000. The most common rental property sizes in Plymouth, IN are 3-bedroom and 2-bedroom, accounting for 33.4% and 28.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,020 | $1,200 |
| Studio Rent | $613 | $656 |
| 1 Bed Rent | $885 | $885 |
| 2 Bed Rent | $1,090 | $1,140 |
| 3 Bed Rent | $1,980 | $1,980 |
| 4 Bed Rent | $2,000 | $2,000 |
% of Rental Stock
Property Listings — Plymouth, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Plymouth, IN is 45. This is a decrease of -15.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $263,000 | -12.0% |
Listing Count | 58 | -23.0% |
| Listings as % of Homes | 0.4% | -23.0% |
Days on Market | 45 | -15.0% |
Demographics — Plymouth, IN
As of the latest ACS Survey released in 2023, Plymouth, IN has a population of 23,900, which has remained stable by 0.2% over the past 5 years. Plymouth, IN is a moderately popular place for families, as children make up 24.4% of the population. The area has a poorly educated workforce, with 21.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,900 | 0.2% |
% Under 18 | 24.4% | -0.8% |
% Seniors | 17.9% | 1.7% |
% WFH | 4.5% | 32.4% |
% w/ College Degree | 21.2% | -1.4% |
As of the latest ACS Survey released in 2023, Plymouth, IN is a predominantly white area, with 81.0% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Plymouth, IN is hispanic, making up 15.8% of the population. Foreign-born residents account for 6.7% of the population in Plymouth, IN, and this percentage has increased by 17.5% 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 | 81.0% | -3.5% |
% Black | 0.5% | -44.4% |
% Hispanic | 15.8% | 21.5% |
% Asian | 0.4% | -42.9% |
% Foreign Born | 6.7% | 17.5% |
Mortgage and Risk — Plymouth, IN
According to HUD data as of 2023, there were 488 mortgage originations in Plymouth, IN, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Plymouth, IN. Investor activity is low, as 2.0% 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 | 488 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Plymouth, IN
As of 2024, the percent of homes in Plymouth, IN under the Section 8 program is 4.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Plymouth, IN, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 182 |
Total Units Section 8 | 94 |
% Rentals under Section 8 | 4.2% |
% Occupied Section 8 | 91.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$85 | $885 | $800 |
| 2 Bedroom | -$120 | $1,090 | $970 |
| 3 Bedroom | -$770 | $1,980 | $1,210 |
| 4 Bedroom | -$710 | $2,000 | $1,290 |
Affordability — Plymouth, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $235,000 |
| Median Household Income | $69,200 |