Housing in Eel River

A typical Eel River home is worth roughly $362,000

Home prices around Eel River have risen about 42% over the past 5 years.

Typical home value

$362K

▼ 0.4% in a year · IN $260K

Estimate

2-bedroom rent

$1,690

a month, utilities in · HUD

Median tax bill

$2,918

IN $1,614

What kind of housing town is Eel River?

Read from the numbers below. The page puts what stands out first.

Pricier than IN39% above the Indiana typical home.A town of owners90% of households own their home.

★ What stands out · Affordability

A typical home costs 4.2 years of income

More than across Indiana (3.6 years). Try your own numbers below.

You could afford about

$335,000

Typical Eel River home $362K

That’s $27K short of a typical Eel River home.

The typical home, each month

$2,170

Loan $1,790Tax $270Insurance $110

A two-bedroom rents for about $1,690 a month here, $480 less than owning.

Where your budget reaches nearby

Clark$166K Jackson$207K Union$248K Marion$315K Jackson$177K

How Eel River ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Eel River’s typical property tax (0.90% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

90% of Eel River households own their home

Half of Eel River’s homes were built before 1963.

Owners and renters

Own 90%Rent 10%

Indiana: 71% own.

1963

typical home built · IN 1976

$2,918

median property tax bill · IN $1,614

0.90%

of a home’s value, a year in tax · IN 0.74%

U.S. Census Bureau, American Community Survey 2020-2024.

Price trend

Home prices up 42% in 5 years

The federal house price index for the ZIP codes around Eel River rose 42% over the past 5 years, slower than across Indiana (53%). Prices were about flat last year. Carrying the Census median home value forward with that index puts the typical Eel River home at roughly $362,000 today.

Eel River areaIndiana

−0.4%

past year

+42%

past 5 years

Estimated value

Carrying the Census median forward with the index puts a typical home at about $362K.

How Eel River ranks on rising home prices →

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Eel River, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Renting

A two-bedroom rents for about $1,690

Renters already here pay a median of $1,706.

Fair Market Rent a month, utilities included

Studio$1,280

1 bedroom$1,440

2 bedrooms$1,690

3 bedrooms$2,210

4 bedrooms$2,690

10%

of households rent · IN 29%

renter households

68%

of renters spend 30%+ of income on rent · IN 48%

23%

of the median income, for a two-bedroom

$1,706

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Indianapolis-Carmel, IN HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Eel River vs. its neighbors

Eel River is the priciest of 6 neighboring towns. Tap one to see its housing page.

Eel River$362K Marion$315K Union$248K Jackson$207K Jackson$177K Clark$166K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Eel River	$362K*	−0.4%†	$1,690	$86,369
Clark	$166K*	+11.3%†	$1,090	$77,361
Jackson	$207K*	+3.5%†	$1,260	$75,729
Union	$248K*	+10.7%†	$1,480	$89,153
Marion	$315K*	+0.5%†	$1,530	$106,250
Jackson	$177K*	+7.5%†	$1,120	$99,158

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Eel River buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Eel River still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community 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. The calculator is an estimate, not a loan offer.