New Haven, IN—46774
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Haven, IN
As of Oct '25, the median home price in New Haven, IN is $238,000, with a year-over-year change of 3.1%. This indicates that home prices in New Haven, IN are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $238,000 | 3.1% |
| Single Family | $238,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $178,000 | 2.9% |
3 Bed | $226,000 | 2.7% |
4 Bed | $287,000 | 3.2% |
| 5 Bed | $360,000 | 3.2% |
% of Housing Stock
Rental Trends — New Haven, IN
As of July '25, Rentcast reports the average rent in New Haven, IN is $1,440, with a year-over-year rent change of -2.7%. Per bedroom, the median rent as of July '25 in New Haven, IN is studios: $575, 1-bedrooms: $862, 2-bedrooms: $1,630, 3-bedrooms: $1,480, 4-bedrooms: $1,670. The most common rental property sizes in New Haven, IN are 2-bedroom and 3-bedroom, accounting for 38.8% and 35.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,440 |
| Studio Rent | $575 | $575 |
| 1 Bed Rent | $875 | $862 |
| 2 Bed Rent | $1,400 | $1,630 |
| 3 Bed Rent | $1,350 | $1,480 |
| 4 Bed Rent | $1,440 | $1,670 |
% of Rental Stock
Property Listings — New Haven, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in New Haven, IN is 50. This is a decrease of -8.0% 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 45.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $275,000 | 3.0% |
Listing Count | 84 | 3.0% |
| Listings as % of Homes | 0.4% | 3.0% |
Days on Market | 50 | -8.0% |
Demographics — New Haven, IN
As of the latest ACS Survey released in 2023, New Haven, IN has a population of 17,100, which has decreased by -2.2% over the past 5 years. New Haven, IN is a popular place for families, as children make up 25.3% of the population. The area has a moderately educated workforce, with 26.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,100 | -2.2% |
% Under 18 | 25.3% | -0.4% |
% Seniors | 19.0% | 22.6% |
% WFH | 5.6% | 51.4% |
% w/ College Degree | 26.2% | 39.4% |
As of the latest ACS Survey released in 2023, New Haven, IN is a predominantly white area, with 88.6% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in New Haven, IN is hispanic, making up 3.8% of the population. Foreign-born residents account for 3.4% of the population in New Haven, IN, and this percentage has increased by 240.0% 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 | 88.6% | -5.0% |
% Black | 2.6% | 52.9% |
% Hispanic | 3.8% | -5.0% |
% Asian | 1.4% | 366.7% |
% Foreign Born | 3.4% | 240.0% |
Mortgage and Risk — New Haven, IN
According to HUD data as of 2023, there were 429 mortgage originations in New Haven, IN, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in New Haven, 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 | 429 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — New Haven, IN
As of 2024, the percent of homes in New Haven, IN under the Section 8 program is 1.5%. 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. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in New Haven, IN, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 23 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $145 | $875 | $1,020 |
| 2 Bedroom | -$170 | $1,400 | $1,230 |
| 3 Bedroom | $200 | $1,350 | $1,550 |
| 4 Bedroom | $230 | $1,440 | $1,670 |
Affordability — New Haven, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $238,000 |
| Median Household Income | $70,800 |