Gas City, IN—46933
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gas City, IN
As of Oct '25, the median home price in Gas City, IN is $157,000, with a year-over-year change of 7.9%. This indicates that home prices in Gas City, IN are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $157,000 | 7.9% |
| Single Family | $157,000 | 8.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $110,000 | 7.8% |
3 Bed | $159,000 | 7.4% |
4 Bed | $221,000 | 6.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gas City, IN
As of July '25, Rentcast reports the average rent in Gas City, IN is $772, with a year-over-year rent change of 8.7%. Per bedroom, the median rent as of July '25 in Gas City, IN is 1-bedrooms: $710, 2-bedrooms: $1,020. The most common rental property sizes in Gas City, IN are 3-bedroom and 1-bedroom, accounting for 46.4% and 23.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $700 | $772 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $680 | $710 |
| 2 Bed Rent | $1,020 | $1,020 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Gas City, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Gas City, IN is 55. This is a increase of 98.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $244,000 | 11.0% |
Listing Count | 22 | -15.0% |
| Listings as % of Homes | 0.6% | -15.0% |
Days on Market | 55 | 98.0% |
Demographics — Gas City, IN
As of the latest ACS Survey released in 2023, Gas City, IN has a population of 6,470, which has increased by 4.9% over the past 5 years. Gas City, IN is a moderately popular place for families, as children make up 23.1% of the population. The area has a poorly educated workforce, with 19.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,470 | 4.9% |
% Under 18 | 23.1% | -5.7% |
% Seniors | 21.6% | 20.7% |
% WFH | 7.1% | 238.1% |
% w/ College Degree | 19.3% | 94.9% |
As of the latest ACS Survey released in 2023, Gas City, IN is a predominantly white area, with 87.1% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Gas City, IN is hispanic, making up 6.6% of the population. Foreign-born residents account for 1.2% of the population in Gas City, IN, and this percentage has increased by 100.0% 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 | 87.1% | -2.4% |
% Black | 0.4% | -82.6% |
% Hispanic | 6.6% | 53.5% |
% Asian | 0.9% | 50.0% |
% Foreign Born | 1.2% | 100.0% |
Mortgage and Risk — Gas City, IN
According to HUD data as of 2023, there were 100 mortgage originations in Gas City, IN, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 52.0% above 90% LTV (very high). This implies large mortgage risk in Gas City, IN. Investor activity is low, as 0.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 100 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Gas City, IN
Gas City, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 56 |
Total Units Section 8 | 56 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 65.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $680 | $780 |
| 2 Bedroom | -$40 | $1,020 | $980 |
| 3 Bedroom | N/A | N/A | $1,270 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Gas City, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $157,000 |
| Median Household Income | $59,400 |