Auburn, IN Housing Market

Market Overview

Auburn, IN enters this dataset with a PropertyIQ Score of 91 out of 100, a strong reading. The median home value is $258,138, just below the state average of $260,095, while median household income is $74,331, above the state benchmark of $71,957. Unemployment is 3.3%, matching the state average. Those comparisons give Auburn a slightly stronger affordability position than the state overall: local incomes are higher relative to a home price that is essentially at the state norm.

The score is driven by 12-month home value momentum of 9.74%, 3-month home value momentum of 1.25%, a median days-on-market figure of 37 days, and a 19.7% share of listings with a price cut. These point to rising values and fairly quick turnover. There are 72 homes for sale, a relatively small inventory. The rent index is $953, below the state average of $1,062, meaning rents are lower than the state norm even though home values are near the state median. The dataset lists a year-over-year home value change of $7, which is inconsistent with the 9.74% 12-month momentum, and population growth is N/A, so this analysis relies on the percentage momentum and market-speed indicators rather than those incomplete figures.

Key Trends

First, home value momentum is positive. Auburn’s 12-month home value momentum is 9.74%, and its 3-month momentum is 1.25%. That combination shows annual price growth and continued near-term movement. The median home value of $258,138 sits nearly at the state average of $260,095, suggesting local prices are keeping pace with the broader state market.

Second, inventory is tight and the market is moving quickly. With 72 homes for sale and a median days-on-market of 37, homes appear to be absorbed relatively fast. The share of listings with a price cut is 19.7%, which indicates that a meaningful portion of sellers have adjusted pricing, but the overall speed of sales remains strong.

Third, affordability is supported by local income. Median household income is $74,331, above the state average of $71,957, while the median home value is slightly below the state average. With unemployment at 3.3%, equal to the state average, the local employment base is stable by this dataset.

Fourth, the rental market lags the for-sale market. The rent index of $953 is $109 below the state average of $1,062. Since the median home value is almost identical to the state average, rents in Auburn are lower relative to the state norm than home prices are.

Who Is This Market For

First-time buyers and workforce households are a strong fit. The median home value of $258,138 is slightly below the state average of $260,095, while median household income of $74,331 is above the state benchmark of $71,957. Unemployment matches the state at 3.3%. Those conditions support entry-level buying, though the small inventory of 72 homes and 37-day median market time mean buyers need to be ready to move quickly.

Move-up buyers may also benefit because home value momentum is strong: 12-month momentum is 9.74% and 3-month momentum is 1.25%, which can support equity growth. Investors should weigh the rent index of $953 against the state average of $1,062. Rents are lower than the state norm while home values are near the state median, so cash-flow-focused investors may find the rental yield less compelling than in the state overall. The 19.7% price-cut share suggests some negotiating room, but the strongest investment case here appears to be appreciation-oriented rather than rent-driven, especially with population growth listed as N/A.

Outlook

The near-term outlook is grounded in the same momentum and speed metrics. Home values rose 9.74% over 12 months and 1.25% over the latest 3 months, while the median days on market is 37 and the price-cut share is 19.7%. Those figures suggest demand remains steady, and with only 72 homes for sale, supply is limited enough to support price stability. Unemployment at 3.3% and median household income of $74,331, above the state average of $71,957, provide a supportive local demand base.

Longer-term projections are harder to make because population growth is not available in this dataset. The reported year-over-year dollar change of $7 is also inconsistent with the strong 12-month percentage momentum, so the percentage momentum metrics and market-speed data are the more reliable forward indicators here. As long as inventory remains near 72 homes and days on market stays around 37, Auburn is positioned to remain a seller-favorable market; a meaningful increase in listings would represent a shift not yet reflected in these numbers.