1702 S E St · Elwood, IN 46036

$399,000

3 bd · 2.5 ba · 2,396 sqft · MultiFamily public records · 168 Days on market

Built 1894 7,128 sqft lot $167/sqft · 510% above area

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +29.4/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.2/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks MLS

Beautifully Remodeled 4-Plex-Prime Investment Opportunity! All units are rented! Don't miss this exceptional fully remodeled 4-plex, offering the perfect blend of modern finishes, comfort, and investment potential. This multi-family property features four spacious units, with two upstairs and two downstairs, all thoughtfully updated from top to bottom. Each unit has been completely renovated, including new kitchens with elegant stone countertops, 100% waterproof vinyl flooring, and plush carpet for added comfort. Superior sound insulation between units ensures minimal noise transfer, providing a quiet and private living experience for tenants or owners alike. This property truly shines as a live-in-one, rent-the-others opportunity, or as a turnkey investment with strong rental appeal. Stylish, durable finishes and quality upgrades throughout make this a standout multi=family home that's ready to generate income from day one. Home Warranty included. Super clean, modern, and move-in ready-this is one you won't want to miss!

Key facts

• New kitchens
• Stone countertops
• Remodeled 4-plex

Tags

• REMODELED 4-PLEX
• MODERN FINISHES
• NEW KITCHENS
• STONE COUNTERTOPS
• WATERPROOF VINYL FLOORING
• SUPERIOR SOUND INSULATION

What this means for you Summary

Snapshot

• This is a 4 × 4-bed/1-bath units multifamily listed at $399k.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive. Per door: $355/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $399k).
• Recommended offer: $351k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.6% vs local median 5.3% in Elwood — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 62/100 on livability (#482 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment D-.
• Elwood Community School Corporation (town): math 18% / reading 19% proficiency, ranked #283 of 301 in IN (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Elwood Elementary School (445 students, 56% FRL); Elwood Jr-Sr High School (math 10% / reading 23%, grade F, #353 of 369 statewide, top 96%, 633 students, 58% FRL) — zoned schools at 56% FRL track the district average.
• Market conditions: 100 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 0d on market — plan ~1-2 weeks tenant-placement turnaround); 184 units permitted in Madison County in 2024 (0 in 5+ unit buildings).
• At $4,859/mo this rent would consume 94% of the median local household income ($62k/yr) (locally 225% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k of value loss. Plan a longer hold.
• Madison County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $112k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 168 days — a 12% lower offer ($351k) is reasonable based on typical stale-listing flexibility.
• 19 sale attempts since 23y ago; this cycle's ask has dropped $39k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $60k; list at $399k implies a 565% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1894 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $351,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 168 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1894 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.22% ✓
• Cap rate: 10.56%
• Cash-on-cash: 15.24%
• DSCR: 1.68
• GRM: 6.8

CMA / ARV

• ARV (median comp): $146,705
• List price: $399,000
• Delta: 171.97%
• Verdict: OVERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
918 S Anderson St	0.30mi	4/2.0 (+1)	2,504 (+4%)	18mo	$59,000	$24	57
1500 S K St	0.43mi	4/2.0 (+1)	2,168 (-10%)	20mo	$75,000	$35	41

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 5.9%
• Equity multiple: 1.23×
• Total profit: $25,553
• Equity at exit: $59,492

10-year hold

• IRR: 15.3%
• Equity multiple: 2.24×
• Total profit: $138,038
• Equity at exit: $34,498

Cash invested: $111,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Indiana: 90 Strongly Landlord-Friendly · R+11
• County: — inherits STATE
• City: — inherits STATE

10-day pay-or-quit; landlord-favorable; preempted.

Methodology + full state rankings →

ZIP-level market 46036

• Home prices YoY: -18.3%
• Active inventory: 100
• Price-to-rent: 27.4×

Monthly cashflow live

• Estimated rent: $4,859 medium
• Mortgage (P&I): −$2,092
• Tax from tax record: −$162 /mo · $1,938/yr
• Insurance: −$166
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,020
• Net cashflow: $1,418

Break-even live

Break-even rent $3,063

Max offer price $399,000

Occupancy floor 66%

Sensitivity live

Price	-10% $1,644	-5% $1,531	+0% $1,418	+5% $1,306	+10% $1,193
Rent	-10% $1,035	-5% $1,227	+0% $1,418	+5% $1,610	+10% $1,802
Rate	-1.0pp $1,619	-0.5pp $1,520	base $1,418	+0.5pp $1,315	+1.0pp $1,210

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	4	1	$4,860
Total (4 units)			$4,859

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $99,750
• Closing costs: $11,970
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1019 N 9th St Elwood, IN	3.0	2.5	1762	$1,750	$0.99	0d	1	1.08mi
1021 N 9th St Elwood, IN	3.0	2.5	1725	$1,750	$1.01	0d	1	1.08mi
1023 N 9th St Elwood, IN	3.0	2.5	1762	$1,750	$0.99	16d	1	1.09mi
1025 N 9th St Elwood, IN	3.0	2.5	1762	$1,750	$0.99	0d	1	1.09mi

Listing history 50 events

1. 2026-06-21
   days on market $399,000 Active 168 DOM
2. 2026-06-18
   days on market $399,000 Active 165 DOM
3. 2026-06-17
   days on market $399,000 Active 164 DOM
4. 2026-06-16
   days on market $399,000 Active 163 DOM
5. 2026-06-15
   days on market $399,000 Active 162 DOM
6. 2026-06-13
   days on market $399,000 Active 160 DOM
7. 2026-06-09
   days on market $399,000 Active 156 DOM
8. 2026-06-08
   days on market $399,000 Active 155 DOM
9. 2026-06-07
   days on market $399,000 Active 154 DOM
10. 2026-06-03
    days on market $399,000 Active 150 DOM
11. 2026-06-02
    days on market $399,000 Active 149 DOM
12. 2026-06-01
    days on market $399,000 Active 148 DOM
13. 2026-05-31
    days on market $399,000 Active 147 DOM
14. 2026-05-12
    price $399,000 1043-char remark

    Show marketing remark (1043 chars)

    Beautifully Remodeled 4-Plex-Prime Investment Opportunity! All units are rented! Don't miss this exceptional fully remodeled 4-plex, offering the perfect blend of modern finishes, comfort, and investment potential. This multi-family property features four spacious units, with two upstairs and two downstairs, all thoughtfully updated from top to bottom. Each unit has been completely renovated, including new kitchens with elegant stone countertops, 100% waterproof vinyl flooring, and plush carpet for added comfort. Superior sound insulation between units ensures minimal noise transfer, providing a quiet and private living experience for tenants or owners alike. This property truly shines as a live-in-one, rent-the-others opportunity, or as a turnkey investment with strong rental appeal. Stylish, durable finishes and quality upgrades throughout make this a standout multi=family home that's ready to generate income from day one. Home Warranty included. Super clean, modern, and move-in ready-this is one you won't want to miss!

15. 2026-03-24
    price $432,700 1043-char remark

    Show marketing remark (1043 chars)

    Beautifully Remodeled 4-Plex-Prime Investment Opportunity! All units are rented! Don't miss this exceptional fully remodeled 4-plex, offering the perfect blend of modern finishes, comfort, and investment potential. This multi-family property features four spacious units, with two upstairs and two downstairs, all thoughtfully updated from top to bottom. Each unit has been completely renovated, including new kitchens with elegant stone countertops, 100% waterproof vinyl flooring, and plush carpet for added comfort. Superior sound insulation between units ensures minimal noise transfer, providing a quiet and private living experience for tenants or owners alike. This property truly shines as a live-in-one, rent-the-others opportunity, or as a turnkey investment with strong rental appeal. Stylish, durable finishes and quality upgrades throughout make this a standout multi=family home that's ready to generate income from day one. Home Warranty included. Super clean, modern, and move-in ready-this is one you won't want to miss!

16. 2026-03-24
    status Active 1043-char remark

    Show marketing remark (1043 chars)

    Beautifully Remodeled 4-Plex-Prime Investment Opportunity! All units are rented! Don't miss this exceptional fully remodeled 4-plex, offering the perfect blend of modern finishes, comfort, and investment potential. This multi-family property features four spacious units, with two upstairs and two downstairs, all thoughtfully updated from top to bottom. Each unit has been completely renovated, including new kitchens with elegant stone countertops, 100% waterproof vinyl flooring, and plush carpet for added comfort. Superior sound insulation between units ensures minimal noise transfer, providing a quiet and private living experience for tenants or owners alike. This property truly shines as a live-in-one, rent-the-others opportunity, or as a turnkey investment with strong rental appeal. Stylish, durable finishes and quality upgrades throughout make this a standout multi=family home that's ready to generate income from day one. Home Warranty included. Super clean, modern, and move-in ready-this is one you won't want to miss!

17. 2026-03-12
    historical 1043-char remark

    Show marketing remark (1043 chars)

    Beautifully Remodeled 4-Plex-Prime Investment Opportunity! All units are rented! Don't miss this exceptional fully remodeled 4-plex, offering the perfect blend of modern finishes, comfort, and investment potential. This multi-family property features four spacious units, with two upstairs and two downstairs, all thoughtfully updated from top to bottom. Each unit has been completely renovated, including new kitchens with elegant stone countertops, 100% waterproof vinyl flooring, and plush carpet for added comfort. Superior sound insulation between units ensures minimal noise transfer, providing a quiet and private living experience for tenants or owners alike. This property truly shines as a live-in-one, rent-the-others opportunity, or as a turnkey investment with strong rental appeal. Stylish, durable finishes and quality upgrades throughout make this a standout multi=family home that's ready to generate income from day one. Home Warranty included. Super clean, modern, and move-in ready-this is one you won't want to miss!

18. 2025-12-27
    price $435,200 1043-char remark

    Show marketing remark (1043 chars)

    Beautifully Remodeled 4-Plex-Prime Investment Opportunity! All units are rented! Don't miss this exceptional fully remodeled 4-plex, offering the perfect blend of modern finishes, comfort, and investment potential. This multi-family property features four spacious units, with two upstairs and two downstairs, all thoughtfully updated from top to bottom. Each unit has been completely renovated, including new kitchens with elegant stone countertops, 100% waterproof vinyl flooring, and plush carpet for added comfort. Superior sound insulation between units ensures minimal noise transfer, providing a quiet and private living experience for tenants or owners alike. This property truly shines as a live-in-one, rent-the-others opportunity, or as a turnkey investment with strong rental appeal. Stylish, durable finishes and quality upgrades throughout make this a standout multi=family home that's ready to generate income from day one. Home Warranty included. Super clean, modern, and move-in ready-this is one you won't want to miss!

19. 2025-12-27
    price $437,700 1043-char remark

    Show marketing remark (1043 chars)

    Beautifully Remodeled 4-Plex-Prime Investment Opportunity! All units are rented! Don't miss this exceptional fully remodeled 4-plex, offering the perfect blend of modern finishes, comfort, and investment potential. This multi-family property features four spacious units, with two upstairs and two downstairs, all thoughtfully updated from top to bottom. Each unit has been completely renovated, including new kitchens with elegant stone countertops, 100% waterproof vinyl flooring, and plush carpet for added comfort. Superior sound insulation between units ensures minimal noise transfer, providing a quiet and private living experience for tenants or owners alike. This property truly shines as a live-in-one, rent-the-others opportunity, or as a turnkey investment with strong rental appeal. Stylish, durable finishes and quality upgrades throughout make this a standout multi=family home that's ready to generate income from day one. Home Warranty included. Super clean, modern, and move-in ready-this is one you won't want to miss!

20. 2025-12-27
    price $435,200 1043-char remark

    Show marketing remark (1043 chars)

    Beautifully Remodeled 4-Plex-Prime Investment Opportunity! All units are rented! Don't miss this exceptional fully remodeled 4-plex, offering the perfect blend of modern finishes, comfort, and investment potential. This multi-family property features four spacious units, with two upstairs and two downstairs, all thoughtfully updated from top to bottom. Each unit has been completely renovated, including new kitchens with elegant stone countertops, 100% waterproof vinyl flooring, and plush carpet for added comfort. Superior sound insulation between units ensures minimal noise transfer, providing a quiet and private living experience for tenants or owners alike. This property truly shines as a live-in-one, rent-the-others opportunity, or as a turnkey investment with strong rental appeal. Stylish, durable finishes and quality upgrades throughout make this a standout multi=family home that's ready to generate income from day one. Home Warranty included. Super clean, modern, and move-in ready-this is one you won't want to miss!

21. 2025-12-25
    listed $437,700 Active 1043-char remark

    Show marketing remark (1043 chars)

    Beautifully Remodeled 4-Plex-Prime Investment Opportunity! All units are rented! Don't miss this exceptional fully remodeled 4-plex, offering the perfect blend of modern finishes, comfort, and investment potential. This multi-family property features four spacious units, with two upstairs and two downstairs, all thoughtfully updated from top to bottom. Each unit has been completely renovated, including new kitchens with elegant stone countertops, 100% waterproof vinyl flooring, and plush carpet for added comfort. Superior sound insulation between units ensures minimal noise transfer, providing a quiet and private living experience for tenants or owners alike. This property truly shines as a live-in-one, rent-the-others opportunity, or as a turnkey investment with strong rental appeal. Stylish, durable finishes and quality upgrades throughout make this a standout multi=family home that's ready to generate income from day one. Home Warranty included. Super clean, modern, and move-in ready-this is one you won't want to miss!

22. 2025-05-06
    soldstatus $60,000 Closed 232-char remark

    Show marketing remark (232 chars)

    Four-plex close to downtown. Newer roof and windows. Corner lot with large back yard. Wrap around porch. Good income. Furnace and water heater in basement. Basement has outside entrance. Unit two has its own washer and dryer hookup.

23. 2025-05-03
    status Pending 232-char remark

    Show marketing remark (232 chars)

    Four-plex close to downtown. Newer roof and windows. Corner lot with large back yard. Wrap around porch. Good income. Furnace and water heater in basement. Basement has outside entrance. Unit two has its own washer and dryer hookup.

24. 2025-05-02
    status Active 232-char remark

    Show marketing remark (232 chars)

    Four-plex close to downtown. Newer roof and windows. Corner lot with large back yard. Wrap around porch. Good income. Furnace and water heater in basement. Basement has outside entrance. Unit two has its own washer and dryer hookup.

25. 2025-04-19
    status Pending 232-char remark

    Show marketing remark (232 chars)

    Four-plex close to downtown. Newer roof and windows. Corner lot with large back yard. Wrap around porch. Good income. Furnace and water heater in basement. Basement has outside entrance. Unit two has its own washer and dryer hookup.

26. 2025-03-28
    status Active 232-char remark

    Show marketing remark (232 chars)

    Four-plex close to downtown. Newer roof and windows. Corner lot with large back yard. Wrap around porch. Good income. Furnace and water heater in basement. Basement has outside entrance. Unit two has its own washer and dryer hookup.

27. 2024-11-13
    status Active 232-char remark

    Show marketing remark (232 chars)

    Four-plex close to downtown. Newer roof and windows. Corner lot with large back yard. Wrap around porch. Good income. Furnace and water heater in basement. Basement has outside entrance. Unit two has its own washer and dryer hookup.

28. 2024-10-28
    price $70,000 232-char remark

    Show marketing remark (232 chars)

    Four-plex close to downtown. Newer roof and windows. Corner lot with large back yard. Wrap around porch. Good income. Furnace and water heater in basement. Basement has outside entrance. Unit two has its own washer and dryer hookup.

29. 2024-10-28
    status Active 232-char remark

    Show marketing remark (232 chars)

    Four-plex close to downtown. Newer roof and windows. Corner lot with large back yard. Wrap around porch. Good income. Furnace and water heater in basement. Basement has outside entrance. Unit two has its own washer and dryer hookup.

30. 2024-10-06
    status Pending 232-char remark

    Show marketing remark (232 chars)

    Four-plex close to downtown. Newer roof and windows. Corner lot with large back yard. Wrap around porch. Good income. Furnace and water heater in basement. Basement has outside entrance. Unit two has its own washer and dryer hookup.

31. 2024-10-03
    price $74,900 232-char remark

    Show marketing remark (232 chars)

    Four-plex close to downtown. Newer roof and windows. Corner lot with large back yard. Wrap around porch. Good income. Furnace and water heater in basement. Basement has outside entrance. Unit two has its own washer and dryer hookup.

32. 2024-10-03
    status Active 232-char remark

    Show marketing remark (232 chars)

    Four-plex close to downtown. Newer roof and windows. Corner lot with large back yard. Wrap around porch. Good income. Furnace and water heater in basement. Basement has outside entrance. Unit two has its own washer and dryer hookup.

33. 2024-09-15
    status Pending 232-char remark

    Show marketing remark (232 chars)

    Four-plex close to downtown. Newer roof and windows. Corner lot with large back yard. Wrap around porch. Good income. Furnace and water heater in basement. Basement has outside entrance. Unit two has its own washer and dryer hookup.

34. 2024-09-02
    listed $79,900 Active 232-char remark

    Show marketing remark (232 chars)

    Four-plex close to downtown. Newer roof and windows. Corner lot with large back yard. Wrap around porch. Good income. Furnace and water heater in basement. Basement has outside entrance. Unit two has its own washer and dryer hookup.

35. 2020-05-06
    soldstatus $25,100 Sold
36. 2020-02-23
    status Pending
37. 2019-06-19
    status Active
38. 2019-06-08
    status Pending
39. 2018-01-01
    status Active
40. 2017-12-31
    historical
41. 2016-07-06
    status Active
42. 2016-06-30
    historical
43. 2016-01-04
    listed $59,000 Active
44. 2016-01-03
    status Active
45. 2016-01-02
    soldstatus $25,100 Sold
46. 2015-12-31
    historical
47. 2015-01-04
    status Active
48. 2015-01-01
    historical
49. 2010-04-27
    listed $59,000 Active
50. 2008-04-07
    historical

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IN · Partial reset (capped growth)

• Current annual tax: $1,938 · $162/mo
• Projected year-2 tax: $2,665 · $222/mo
• Expected delta: +$727/yr (+$61/mo · 37.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥102°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $58,308
• − Mortgage interest: −$22,350
• − Property taxes: −$1,938
• − Insurance: −$1,995
• − Repairs & maintenance: −$4,665
• − Management: −$4,665
• − Depreciation: −$11,607
• Taxable income: $11,088
• Est. tax owed @ 24.0%: −$2,661
• After-tax cash flow: $14,360/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Elwood Community School Corporation
• NCES district ID: 1803300
• Math proficiency: 18% ▼ -9.00%
• Reading proficiency: 19% ▼ -9.00%
• Median HH income: $38,757
• Composite: 15.6/100
• National rank: #9292
• State rank: #283 of 301 in IN

Livability — Elwood

• Score: 62/100
• State rank: #482
• US rank: #17050

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment D- Housing A+ Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Elwood, IN
• County: Madison County · 69,445 people
• City population: 11,683
• Metro: Indianapolis-Carmel-Anderson, IN
• Population (ZIP): 11,683
• Household income: $62,074
• Rent vs Own: 27.1% rent · 72.9% own
• Severe rent burden: 225.0

Population outlook (Madison County) Hauer SSP2

• Today (2025): 125,800 people
• By 2030: 122,640 · -2.5%
• By 2040: 115,420 · -8.3%
• By 2050: 108,148 · -14.0%
• By 2075: 91,838 · -27.0%
• By 2100: 75,670 · -39.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Hispanic / Latino 3% Two or more races 3%
• Common ancestry: Iranian 2% Italian 2% Slovak 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Madison

• 2024 margin: Strong R (+26.9) · D 35.6% · R 62.5% · Other 1.9%
• 2008→2024 swing: -33.5pp toward R · 2008: 6.5pp · 2024: -26.9pp
• All cycles: 2024: R+26.9 2020: R+22.6 2016: R+25.7 2012: R+4.5 2008: D+6.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -70.59%
• Current HPI: 314.8526
• Rent YoY: —
• Metro: Indianapolis-Carmel-Anderson, IN
• State GDP YoY: ▲ 2.90%
• F500 in state: 18

Industry mix (Fortune 500 HQ in IN)

Industry	F500 HQs	Revenue
▸Industrial Machinery	2	$37B
▸Healthcare	1	$177B
▸Pharmaceuticals	1	$45B
▸Metals / Steel	1	$18B
▸Agriculture	1	$17B
▸Packaging	1	$12B

Price history

+364.5% since first listed

44 events — show timeline

• 2026-05-12 Price Changed $399,000 MIBOR as Distributed by MLS Grid
• 2026-03-24 Price Changed $432,700 MIBOR as Distributed by MLS Grid
• 2026-03-24 Relisted — MIBOR as Distributed by MLS Grid
• 2026-03-12 Listing Removed — MIBOR as Distributed by MLS Grid
• 2025-12-27 Price Changed $435,200 MIBOR as Distributed by MLS Grid
• 2025-12-27 Price Changed $437,700 MIBOR as Distributed by MLS Grid
• 2025-12-27 Price Changed $435,200 MIBOR as Distributed by MLS Grid
• 2025-12-25 Listed $437,700 MIBOR as Distributed by MLS Grid
• 2025-05-06 Sold (MLS) $60,000 MIBOR as Distributed by MLS Grid
• 2025-05-03 Pending — MIBOR as Distributed by MLS Grid
• 2025-05-02 Relisted — MIBOR as Distributed by MLS Grid
• 2025-04-19 Pending — MIBOR as Distributed by MLS Grid
• 2025-03-28 Relisted — MIBOR as Distributed by MLS Grid
• 2024-11-13 Relisted — MIBOR as Distributed by MLS Grid
• 2024-10-28 Price Changed $70,000 MIBOR as Distributed by MLS Grid
• 2024-10-28 Relisted — MIBOR as Distributed by MLS Grid
• 2024-10-06 Pending — MIBOR as Distributed by MLS Grid
• 2024-10-03 Price Changed $74,900 MIBOR as Distributed by MLS Grid
• 2024-10-03 Relisted — MIBOR as Distributed by MLS Grid
• 2024-09-15 Pending — MIBOR as Distributed by MLS Grid
• 2024-09-02 Listed $79,900 MIBOR as Distributed by MLS Grid
• 2020-05-06 Sold (MLS) $25,100 MIBOR as Distributed by MLS Grid
• 2020-02-23 Pending — MIBOR as Distributed by MLS Grid
• 2019-06-19 Relisted — MIBOR as Distributed by MLS Grid
• 2019-06-08 Pending — MIBOR as Distributed by MLS Grid
• 2018-01-01 Relisted — MIBOR as Distributed by MLS Grid
• 2017-12-31 Listing Removed — MIBOR as Distributed by MLS Grid
• 2016-07-06 Relisted — MIBOR as Distributed by MLS Grid
• 2016-06-30 Listing Removed — MIBOR as Distributed by MLS Grid
• 2016-01-04 Listed $59,000 MIBOR as Distributed by MLS Grid
• 2016-01-03 Relisted — MIBOR as Distributed by MLS Grid
• 2016-01-02 Sold (MLS) $25,100 MIBOR as Distributed by MLS Grid
• 2015-12-31 Listing Removed — MIBOR as Distributed by MLS Grid
• 2015-01-04 Relisted — MIBOR as Distributed by MLS Grid
• 2015-01-01 Listing Removed — MIBOR as Distributed by MLS Grid
• 2010-04-27 Listed $59,000 MIBOR as Distributed by MLS Grid
• 2008-04-07 Listing Removed — MIBOR as Distributed by MLS Grid
• 2008-02-12 Listed $80,000 MIBOR as Distributed by MLS Grid
• 2007-04-27 Listing Removed — MIBOR as Distributed by MLS Grid
• 2006-10-25 Listed $88,900 MIBOR as Distributed by MLS Grid
• 2005-07-06 Sold (MLS) $80,000 MIBOR as Distributed by MLS Grid
• 2005-05-20 Listed $85,900 MIBOR as Distributed by MLS Grid
• 2005-04-13 Listing Removed — MIBOR as Distributed by MLS Grid
• 2003-07-31 Listed $85,900 MIBOR as Distributed by MLS Grid

Property tax history

+1.0%/yr

Latest (2024): $1,938 · +11.4% YoY. Source: county tax records.