Montezuma, IN—47862
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Montezuma, IN
As of Oct '25, the median home price in Montezuma, IN is $116,000, with a year-over-year change of 4.3%. This indicates that home prices in Montezuma, IN are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $116,000 | 4.3% |
| Single Family | $116,000 | 4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $74,000 | 1.4% |
3 Bed | $144,000 | 4.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Montezuma, IN
Montezuma, IN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Montezuma, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Montezuma, IN is 94. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 57.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $91,700 | -6.0% |
Listing Count | 7 | 267.0% |
| Listings as % of Homes | 0.3% | 267.0% |
Days on Market | 94 | -7.0% |
Demographics — Montezuma, IN
As of the latest ACS Survey released in 2023, Montezuma, IN has a population of 1,260, which has decreased by -16.3% over the past 5 years. Montezuma, IN is a moderately popular place for families, as children make up 21.3% of the population. The area has a poorly educated workforce, with 16.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,260 | -16.3% |
% Under 18 | 21.3% | -19.3% |
% Seniors | 25.3% | 28.4% |
% WFH | 9.8% | 48.5% |
% w/ College Degree | 16.7% | 51.8% |
As of the latest ACS Survey released in 2023, Montezuma, IN is a predominantly white area, with 87.1% 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 Montezuma, IN is hispanic, making up 9.7% of the population. Foreign-born residents account for 1.7% of the population in Montezuma, IN, and this percentage has decreased by 76.4% 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 | 87.1% | -2.6% |
% Black | 1.6% | ∞% |
% Hispanic | 9.7% | 22.8% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.7% | -76.4% |
Mortgage and Risk — Montezuma, IN
According to HUD data as of 2023, there were 37 mortgage originations in Montezuma, IN, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Montezuma, IN. Investor activity is low, as 0.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 37 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Montezuma, IN
Montezuma, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 25 |
Total Units Section 8 | 25 |
% Rentals under Section 8 | 23.2% |
% Occupied Section 8 | 76.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $850 |
| 2 Bedroom | N/A | N/A | $1,120 |
| 3 Bedroom | N/A | N/A | $1,480 |
| 4 Bedroom | N/A | N/A | $1,480 |
Affordability — Montezuma, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.4 |
| Median Home Price | $116,000 |
| Median Household Income | $67,500 |