Charlestown, IN—47111
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Charlestown, IN
As of Oct '25, the median home price in Charlestown, IN is $298,000, with a year-over-year change of 2.6%. This indicates that home prices in Charlestown, IN are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $298,000 | 2.6% |
| Single Family | $299,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $166,000 | 6.4% |
3 Bed | $268,000 | 3.1% |
4 Bed | $387,000 | 2.4% |
| 5 Bed | $454,000 | 2.0% |
% of Housing Stock
Rental Trends — Charlestown, IN
As of July '25, Rentcast reports the average rent in Charlestown, IN is $1,640, with a year-over-year rent change of 12.3%. Per bedroom, the median rent as of July '25 in Charlestown, IN is 1-bedrooms: $962, 2-bedrooms: $1,300, 3-bedrooms: $1,890, 4-bedrooms: $1,950. The most common rental property sizes in Charlestown, IN are 2-bedroom and 3-bedroom, accounting for 37.7% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,740 | $1,640 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $962 |
| 2 Bed Rent | $1,200 | $1,300 |
| 3 Bed Rent | $1,950 | $1,890 |
| 4 Bed Rent | $1,950 | $1,950 |
% of Rental Stock
Property Listings — Charlestown, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Charlestown, IN is 57. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | 8.0% |
Listing Count | 163 | 55.0% |
| Listings as % of Homes | 1.3% | 55.0% |
Days on Market | 57 | 0.0% |
Demographics — Charlestown, IN
As of the latest ACS Survey released in 2023, Charlestown, IN has a population of 17,900, which has increased by 7.7% over the past 5 years. Charlestown, IN is a popular place for families, as children make up 25.1% of the population. The area has a moderately educated workforce, with 28.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,900 | 7.7% |
% Under 18 | 25.1% | -0.8% |
% Seniors | 13.0% | 15.0% |
% WFH | 11.4% | 185.0% |
% w/ College Degree | 28.2% | 54.1% |
As of the latest ACS Survey released in 2023, Charlestown, IN is a predominantly white area, with 86.9% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Charlestown, IN is hispanic, making up 4.5% of the population. Foreign-born residents account for 3.0% of the population in Charlestown, IN, and this percentage has decreased by 9.1% 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 | 86.9% | -2.7% |
% Black | 2.8% | 133.3% |
% Hispanic | 4.5% | -19.6% |
% Asian | 0.9% | 125.0% |
% Foreign Born | 3.0% | -9.1% |
Mortgage and Risk — Charlestown, IN
According to HUD data as of 2023, there were 591 mortgage originations in Charlestown, IN, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Charlestown, IN. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 591 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Charlestown, IN
As of 2024, the percent of homes in Charlestown, IN under the Section 8 program is 11.1%. 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 units appear to be good home sizes to consider for Section 8 housing in Charlestown, IN, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 355 |
Total Units Section 8 | 105 |
% Rentals under Section 8 | 11.1% |
% Occupied Section 8 | 83.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $800 | $990 |
| 2 Bedroom | $0 | $1,200 | $1,200 |
| 3 Bedroom | -$400 | $1,950 | $1,550 |
| 4 Bedroom | -$160 | $1,950 | $1,790 |
Affordability — Charlestown, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $298,000 |
| Median Household Income | $93,400 |