Mitchell, IN housing market
The typical Mitchell home is worth about $192,000, up 3.9% in a year, 26% below the Indiana typical home. Homes typically sell in 95 days, close to asking.
Home values, sales, trends and how Mitchell compares with the towns next door — updated as new data is published.
Mitchell at a glance
A balanced market
About 5.4 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Mitchell | Indiana |
|---|---|---|
| 2017 | $88,000 | $135,000 |
| 2018 | $97,000 | $144,000 |
| 2019 | $107,000 | $154,000 |
| 2020 | $119,000 | $164,000 |
| 2021 | $138,000 | $183,000 |
| 2022 | $158,000 | $209,000 |
| 2023 | $165,000 | $227,000 |
| 2024 | $173,000 | $237,000 |
| 2025 | $181,000 | $249,000 |
| 2026 | $193,000 | $256,000 |
| August 2026 | $192,000 | $260,000 |
11 new homes permitted in 2025
Builders were permitted 11 new homes in Mitchell in 2025, all single-family houses, worth about $1.7 million to build. That's 2.8 per 1,000 residents, slower than across Indiana (6). Over the past 10 years, Mitchell has permitted 49 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Mitchell's population fell by 417 even though 12 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 |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 8 | 8 | 0 | $1.6 million |
| 2025 | 11 | 11 | 0 | $1.7 million |
| 2024 | 10 | 10 | 0 | $3.5 million |
| 2023 | 5 | 5 | 0 | $599,000 |
| 2022 | 9 | 9 | 0 | $1.1 million |
| 2021 | 2 | 2 | 0 | $200,000 |
| 2020 | 2 | 2 | 0 | $200,000 |
| 2019 | 3 | 3 | 0 | $139,000 |
| 2018 | 3 | 3 | 0 | $139,000 |
| 2017 | 3 | 3 | 0 | $139,000 |
| 2016 | 1 | 1 | 0 | $80,000 |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 1 | 1 | 0 | $200,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 1 | 1 | 0 | $77,000 |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 1 | 1 | 0 | $50,000 |
| 2008 | 2 | 2 | 0 | $125,000 |
| 2007 | 2 | 2 | 0 | $170,000 |
| 2006 | 2 | 2 | 0 | $165,000 |
| 2005 | 3 | 3 | 0 | $300,000 |
| 2004 | 3 | 3 | 0 | $216,000 |
| 2003 | 4 | 4 | 0 | $219,000 |
| 2002 | 18 | 15 | 3 | $1 million |
| 2001 | 20 | 20 | 0 | $1 million |
| 2000 | 23 | 23 | 0 | $1.2 million |
How Mitchell ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
3.9 years of income
The typical Mitchell home costs about 3.9 years of the town's median household income, more than across Indiana (3.6 years).
How Mitchell 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 $960
HUD's Fair Market Rent for a two-bedroom in Mitchell is $960 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Mitchell pay a median of $849, so moving in tends to cost more than staying put. A two-bedroom takes about 24% of the town's median household income.
Studio $690 · 4 bedrooms $1,440
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (47446; Lawrence 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.
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. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.