Logansport, IN Housing Market

Market Overview

Logansport’s PropertyIQ Score of 76 out of 100 places it in moderately strong territory. The score is supported by home value momentum of 6.63% over the past 12 months and 1.81% over the past three months, a median days on market of 44 days, and a share of listings with a price cut at 23.5%. These indicators point to a market with steady demand and a measured sales pace rather than extreme volatility.

The median home value in Logansport is $176,156, well below the Indiana state average of $260,095. The rent index is $995, also below the state average of $1,062. The unemployment rate is 3.3%, matching the state benchmark, while median household income is $56,403, below the state average of $71,957. This creates a more affordable housing market, but one with lower earning power. The local price-to-income ratio is about 3.1, compared with roughly 3.6 at the state level, meaning home prices are less stretched relative to local incomes. Population growth data is not available, so demographic-driven demand cannot be assessed.

Key Trends

One trend is steady home value appreciation. The 12-month home value momentum of 6.63% is the top score driver, and the 3-month momentum of 1.81% shows that prices have continued to move higher in the near term. The reported year-over-year home value change is $12, as provided, although the percentage momentum is the more useful signal of direction. With a median home value of $176,156, Logansport remains well below the state average of $260,095, so appreciation is occurring from a relatively low base.

A second trend is a balanced sales pace. The median days on market is 44 days, and there are 79 homes for sale. The share of listings with a price cut is 23.5%, meaning some sellers are adjusting expectations, but most listings are not aggressively discounted. These metrics support a moderately healthy market and help explain the PropertyIQ Score of 76.

Affordability is another important trend. Logansport’s median home value is about 32% below the state average, while the rent index is about 6% below the state average and median household income is about 22% below the state average. Because home prices are much lower relative to income than at the state level, buying can be more attainable for local households. The rent index of $995 also keeps rental costs moderate compared with the state average of $1,062.

Economic stability is a fourth trend. The unemployment rate of 3.3% matches the state average, suggesting the labor market is not a drag on housing demand. However, population growth is not available, so the analysis cannot confirm whether demand is being supported by in-migration or household formation.

Who Is This Market For

Logansport is likely well suited to first-time homebuyers and budget-conscious buyers. The median home value of $176,156 is far below the state average of $260,095, and with a median household income of $56,403, a home near the median is more attainable than in many parts of Indiana. A median days on market of 44 days gives buyers enough time to evaluate properties without the pressure of an overheated market.

Rental property investors may also find this market appealing. The rent index of $995 is below the state average of $1,062, but the lower median home value of $176,156 supports a lower price-to-rent ratio than the state average. That can mean stronger gross rent relative to purchase price. A 23.5% share of listings with a price cut may also create negotiation opportunities for investors. However, because population growth data is not available, investors should not assume rising tenant demand from population growth.

Move-up buyers may find opportunities if they are already in the local market, but the lower median household income relative to the state average indicates a price-sensitive buyer pool. The market is less suited to buyers seeking rapid price escalation, though the 12-month home value momentum of 6.63% shows meaningful near-term appreciation.

Outlook

The outlook for Logansport is stable to moderately positive based on the available data. Home value momentum remains positive