Cloverdale, IN housing market
The median sale price was $226,000 in May 2026.
Home values, sales, trends and how Cloverdale compares with the towns next door — updated as new data is published.
Cloverdale at a glance
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Home prices up 46% in 5 years
The federal house price index for the ZIP code around Cloverdale rose 46% over the past 5 years, slower than across Indiana (53%). Last year prices rose 5%. Carrying the Census median home value forward with that index puts the typical Cloverdale home at roughly $227,000 today.
Show as a table
| Year | Change that year | Since 2000 | Indiana since 2000 |
|---|---|---|---|
| 2025 | +5% | +122% | +126% |
| 2024 | +3.7% | +112% | +117% |
| 2023 | +11% | +104% | +106% |
| 2022 | +11% | +83% | +90% |
| 2021 | +8.2% | +65% | +65% |
| 2020 | +10% | +52% | +48% |
| 2019 | +3.6% | +38% | +42% |
| 2018 | +3.7% | +34% | +34% |
| 2017 | +7.1% | +29% | +26% |
| 2016 | +3.4% | +20% | +20% |
| 2015 | +1.3% | +16% | +16% |
| 2014 | +8.4% | +15% | +13% |
| 2013 | −2.3% | +5.9% | +10% |
| 2012 | −1.2% | +8.3% | +9% |
| 2011 | −3.2% | +9.7% | +9.6% |
| 2010 | −2% | +13% | +12% |
| 2009 | −4.9% | +16% | +14% |
| 2008 | +6.9% | +22% | +17% |
| 2007 | −1.5% | +14% | +18% |
| 2006 | −1.5% | +15% | +16% |
| 2005 | +8.7% | +17% | +14% |
| 2004 | +0.5% | +7.7% | +10% |
| 2003 | +1.1% | +7.2% | +7.8% |
| 2002 | +2.1% | +6.1% | +6.3% |
| 2001 | +3.8% | +3.8% | +4.3% |
| 2000 | — | — | — |
How Cloverdale ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 46120, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
No new homes permitted in 2021
No permits for new homes were issued in Cloverdale in 2021. The last year with any was 2020 (9 new homes).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Cloverdale's population fell by 112 even though 33 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Indiana: 1.7 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2021 | 0 | 0 | 0 | — |
| 2020 | 9 | 9 | 0 | $2.7 million |
| 2019 | 9 | 9 | 0 | $3.4 million |
| 2018 | 19 | 19 | 0 | $2.8 million |
| 2017 | 5 | 5 | 0 | $1.1 million |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 1 | 1 | 0 | $100,000 |
| 2004 | 1 | 1 | 0 | $100,000 |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 0 | 0 | 0 | — |
| 2001 | 6 | 6 | 0 | $568,000 |
| 2000 | 9 | 9 | 0 | $764,000 |
Cloverdale's permit office didn't report to the Census in 2021, so the 2021 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
3.2 years of income
The typical Cloverdale home costs about 3.2 years of the town's median household income, less than across Indiana (3.6 years).
How Cloverdale ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,100
HUD's Fair Market Rent for a two-bedroom in Cloverdale is $1,100 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Cloverdale pay a median of $743, so moving in tends to cost more than staying put. A two-bedroom takes about 31% of the town's median household income, above the 30% guideline for affordable housing.
Studio $810 · 4 bedrooms $1,730
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (46120; Owen County, IN HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Cloverdale
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.