Boonville, IN—47601
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Boonville, IN
As of Oct '25, the median home price in Boonville, IN is $219,000, with a year-over-year change of 4.5%. This indicates that home prices in Boonville, IN are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $219,000 | 4.5% |
| Single Family | $219,000 | 4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $117,000 | 1.7% |
2 Bed | $150,000 | 3.4% |
3 Bed | $228,000 | 4.6% |
4 Bed | $333,000 | 4.7% |
| 5 Bed | $429,000 | 3.4% |
% of Housing Stock
Rental Trends — Boonville, IN
As of July '25, Rentcast reports the average rent in Boonville, IN is $1,070, with a year-over-year rent change of 22.0%. Per bedroom, the median rent as of July '25 in Boonville, IN is 2-bedrooms: $915, 3-bedrooms: $1,300. The most common rental property sizes in Boonville, IN are 2-bedroom and 1-bedroom, accounting for 60.4% and 20.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,070 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $950 | $915 |
| 3 Bed Rent | $950 | $1,300 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Boonville, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Boonville, IN is 66. This is a increase of 61.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $362,000 | 63.0% |
Listing Count | 53 | 26.0% |
| Listings as % of Homes | 0.4% | 26.0% |
Days on Market | 66 | 61.0% |
Demographics — Boonville, IN
As of the latest ACS Survey released in 2023, Boonville, IN has a population of 13,100, which has decreased by -6.4% over the past 5 years. Boonville, IN is a moderately popular place for families, as children make up 21.9% of the population. The area has a poorly educated workforce, with 23.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,100 | -6.4% |
% Under 18 | 21.9% | -1.8% |
% Seniors | 20.2% | 9.8% |
% WFH | 5.5% | 292.9% |
% w/ College Degree | 23.7% | 35.4% |
As of the latest ACS Survey released in 2023, Boonville, IN is a predominantly white area, with 95.3% of the population identifying as white. The white population has grown by 0.7% in the last 5 years. The second most common race or ethnicity in Boonville, IN is hispanic, making up 2.1% of the population. Foreign-born residents account for 0.4% of the population in Boonville, IN, and this percentage has decreased by 82.6% 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 | 95.3% | 0.7% |
% Black | 0.4% | 0.0% |
% Hispanic | 2.1% | -8.7% |
% Asian | 0.1% | -91.7% |
% Foreign Born | 0.4% | -82.6% |
Mortgage and Risk — Boonville, IN
According to HUD data as of 2023, there were 335 mortgage originations in Boonville, IN, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Boonville, IN. Investor activity is low, as 5.0% 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 | 335 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Boonville, IN
Boonville, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 171 |
Total Units Section 8 | 171 |
% Rentals under Section 8 | 15.8% |
% Occupied Section 8 | 86.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $770 |
| 2 Bedroom | $30 | $950 | $980 |
| 3 Bedroom | $280 | $950 | $1,230 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — Boonville, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $219,000 |
| Median Household Income | $77,400 |