Garrett, IN housing market
The typical Garrett home is worth about $194,000, up 5.6% in a year, 25% below the Indiana typical home. Homes typically sell in 21 days, close to asking.
Home values, sales, trends and how Garrett compares with the towns next door — updated as new data is published.
Garrett at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Garrett | Indiana |
|---|---|---|
| 2017 | $92,000 | $135,000 |
| 2018 | $99,000 | $144,000 |
| 2019 | $106,000 | $154,000 |
| 2020 | $114,000 | $164,000 |
| 2021 | $126,000 | $183,000 |
| 2022 | $142,000 | $209,000 |
| 2023 | $154,000 | $227,000 |
| 2024 | $165,000 | $237,000 |
| 2025 | $178,000 | $249,000 |
| 2026 | $187,000 | $256,000 |
| August 2026 | $194,000 | $260,000 |
Garrett and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Garrett | $194K | +5.6% | $980 | $64,179 |
| Altona | — | −8.8%† | $980 | $64,237 |
† FHFA price index change, where Zillow has no home value for the town.
3 years of income
The typical Garrett home costs about 3 years of the town's median household income, less than across Indiana (3.6 years).
How Garrett 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 $980
HUD's Fair Market Rent for a two-bedroom in Garrett is $980 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Garrett pay a median of $858, so moving in tends to cost more than staying put. A two-bedroom takes about 18% of the town's median household income.
Studio $700 · 4 bedrooms $1,300
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (46706, 46738; DeKalb County, IN), 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 Garrett
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.