South Whitley, IN—46787
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Whitley, IN
As of Oct '25, the median home price in South Whitley, IN is $232,000, with a year-over-year change of 4.6%. This indicates that home prices in South Whitley, 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 | $232,000 | 4.6% |
| Single Family | $232,000 | 5.0% |
| 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 | 5.3% |
3 Bed | $217,000 | 4.8% |
4 Bed | $290,000 | 5.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — South Whitley, IN
As of July '25, Rentcast reports the average rent in South Whitley, IN is $1,600, with a year-over-year rent change of 68.4%. Per bedroom, the median rent as of July '25 in South Whitley, IN is 3-bedrooms: $1,600. The most common rental property sizes in South Whitley, IN are 2-bedroom and 3-bedroom, accounting for 32.2% and 28.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,600 | $1,600 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — South Whitley, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in South Whitley, IN is 60. This is a increase of 27.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $239,000 | 18.0% |
Listing Count | 11 | 23.0% |
| Listings as % of Homes | 0.1% | 23.0% |
Days on Market | 60 | 27.0% |
Demographics — South Whitley, IN
As of the latest ACS Survey released in 2023, South Whitley, IN has a population of 4,140, which has increased by 11.0% over the past 5 years. South Whitley, IN is a popular place for families, as children make up 28.1% of the population. The area has a poorly educated workforce, with 19.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,140 | 11.0% |
% Under 18 | 28.1% | 13.3% |
% Seniors | 13.2% | -16.5% |
% WFH | 11.6% | 1,833.3% |
% w/ College Degree | 19.2% | 27.2% |
As of the latest ACS Survey released in 2023, South Whitley, IN is a predominantly white area, with 97.1% of the population identifying as white. The white population has grown by 1.1% in the last 5 years. The second most common race or ethnicity in South Whitley, IN is asian, making up 0.7% of the population. Foreign-born residents account for 0.8% of the population in South Whitley, IN, and this percentage has decreased by 76.5% 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 | 97.1% | 1.1% |
% Black | 0.2% | 100.0% |
% Hispanic | 0.2% | -92.0% |
% Asian | 0.7% | 40.0% |
% Foreign Born | 0.8% | -76.5% |
Mortgage and Risk — South Whitley, IN
According to HUD data as of 2023, there were 107 mortgage originations in South Whitley, IN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in South Whitley, IN. Investor activity is low, as 0.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 107 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — South Whitley, IN
South Whitley, 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 | N/A | N/A | $890 |
| 2 Bedroom | N/A | N/A | $1,080 |
| 3 Bedroom | -$240 | $1,600 | $1,360 |
| 4 Bedroom | N/A | N/A | $1,470 |
Affordability — South Whitley, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $232,000 |
| Median Household Income | $70,000 |