Galveston, IN—46932
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Galveston, IN
As of Oct '25, the median home price in Galveston, IN is $201,000, with a year-over-year change of 5.2%. This indicates that home prices in Galveston, 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 | $201,000 | 5.2% |
| Single Family | $201,000 | 4.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $156,000 | 4.0% |
3 Bed | $203,000 | 4.6% |
4 Bed | $237,000 | 4.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Galveston, IN
As of July '25, Rentcast reports the average rent in Galveston, IN is $950, with a year-over-year rent change of 11.9%. Per bedroom, the median rent as of July '25 in Galveston, IN is 2-bedrooms: $900, 3-bedrooms: $1,050. The most common rental property sizes in Galveston, IN are 2-bedroom and 3-bedroom, accounting for 48.4% and 21.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $900 | $900 |
| 3 Bed Rent | $1,050 | $1,050 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Galveston, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Galveston, IN is 35. This is a increase of 10.0% 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 | $225,000 | -8.0% |
Listing Count | 11 | -13.0% |
| Listings as % of Homes | 0.3% | -13.0% |
Days on Market | 35 | 10.0% |
Demographics — Galveston, IN
As of the latest ACS Survey released in 2023, Galveston, IN has a population of 3,000, which has decreased by -6.9% over the past 5 years. Galveston, IN is a less popular place for families, as children make up 14.1% of the population. The area has a poorly educated workforce, with 17.3% 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 | 3,000 | -6.9% |
% Under 18 | 14.1% | -33.5% |
% Seniors | 18.3% | -1.6% |
% WFH | 4.4% | 193.3% |
% w/ College Degree | 17.3% | 31.1% |
As of the latest ACS Survey released in 2023, Galveston, IN is a predominantly white area, with 92.8% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Galveston, IN is black, making up 2.4% of the population. Foreign-born residents account for 0.0% of the population in Galveston, IN, and this percentage has decreased by 100.0% 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 | 92.8% | -2.6% |
% Black | 2.4% | ∞% |
% Hispanic | 2.3% | 76.9% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Galveston, IN
According to HUD data as of 2023, there were 83 mortgage originations in Galveston, IN, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Galveston, IN. Investor activity is low, as 2.0% of loans were by investors. 28.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 83 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 28.0% |
Loan Activity
Rentals and Section 8 — Galveston, IN
Galveston, 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 | $770 |
| 2 Bedroom | $30 | $900 | $930 |
| 3 Bedroom | $170 | $1,050 | $1,220 |
| 4 Bedroom | N/A | N/A | $1,290 |
Affordability — Galveston, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $201,000 |
| Median Household Income | $70,100 |