Anderson, Indiana Housing Market Prices
Anderson Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 5% below the Indiana median$135,411
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Median rent 13% below the Indiana median$921
Housing Market Overview
| Metric | Anderson | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $135,411 | $142,738 | $248,835 |
| Price Trend (Annual %) | 33.1% | 7.2% | 7.5% |
| Median Gross Rent | $921 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Anderson is about 5% lower than in Indiana. Rent is about 13% lower than the Indiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Anderson, up about 33.1% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Anderson rose about 33.6% between 2015 and 2024, from $689 to $921. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Anderson.
Buying the median-priced home in Anderson costs roughly 12.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Anderson. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Anderson | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $135,411 | $142,738 | $248,835 |
| Median Household Income | $48,610 | $71,967 | $80,455 |
| Price-to-Income Ratio | 2.8 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Anderson rose about 250.1%, while median household income rose about 27.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Anderson | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.9% | 64.4% | 58.5% |
| Rental Rate | 37.4% | 26.9% | 31.2% |
| Vacancy Rate | 11.7% | 8.8% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Anderson has a homeownership rate of 50.9%, lower than the Indiana average of 64.4%. Its housing vacancy rate is 11.7%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Anderson | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.25 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1963 | 1975 | 1978 |
| Median Number of Rooms | 5.4 | 5.9 | 5.5 |
The typical housing unit in Anderson was built around 1963. On average, 2.2 people live in a home with about 5.4 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Anderson, Indiana.
What is the median home price in Anderson, Indiana?
The median home price in Anderson, Indiana is $135,411, lower than the Indiana average of $142,738.
What is the average home price in Anderson, Indiana?
The typical home price in Anderson, Indiana, reported as the median sale price, is $135,411. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Anderson, Indiana?
The median gross rent in Anderson, Indiana is $921 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Anderson in 2020?
In 2020, the median gross rent in Anderson, Indiana was $774 per month.
What is the price-to-rent ratio in Anderson, Indiana?
The price-to-rent ratio in Anderson, Indiana is about 12.3, meaning it would take roughly 12.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Anderson.
Are home prices or rent rising faster in Anderson, Indiana?
Both home prices and rent are rising in Anderson, up about 33.1% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Anderson, Indiana?
50.9% of households in Anderson, Indiana own their home, lower than the Indiana average of 64.4%.
What is the vacancy rate in Anderson, Indiana?
The housing vacancy rate in Anderson, Indiana is 11.7%, higher than the Indiana average of 8.8%.
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