Cannelton, IN

Full City Profile · Indiana · Hancock County County

2.3 /5.0
C Fair
1,506 Population 1,018/sq mi density
$35,900 Median Income $20,937 per capita
$85,600 Home Value $165,652 Zillow
$719 Median Rent 36.2% income on rent
57°F Avg Temperature
220 Violent Crime/100K 1,174 property/100K
C
Overall
2.3 / 5.0
Fair overall score based on economy, affordability, safety and education
D
Economy
1.6 / 5.0
$35,900 median income, 14.4% unemployment
A+
Affordability
5.0 / 5.0
$85,600 home value, $719/mo rent
F
Safety
1.0 / 5.0
220 violent crimes/100K
D
Education
1.7 / 5.0
8.4% bachelor's degree or higher

Housing Overview

Median Home Value
$85,600
70% below
US avg: $281,900
Median Rent
$719/mo
38% below
US avg: $1,163/mo
Homeownership Rate
50.5%
23% below US avg (65.4%)
Total Housing Units
820
Median year built: 1959

Home Value by Source

Census Median
$85,600
Zillow (ZHVI)
$165,652
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

50.5%
Owner-Occupied
49.5%
Renter-Occupied
51%
50%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent: $719/mo

Affordability & Housing Stock

Rent Burden
36.2%
of renters spending 30%+ of income on housing
17% above US avg (31.0%)
Median Year Built
1959
Average age of housing stock: 67 years
Homeownership Rate
50.5%

Complete Housing Data

Home Values

Census Median Value$85,600
Zillow Home Value (ZHVI)$165,652

Rent

Census Median Rent$719
FMR Studio$816
FMR 1-Bedroom$882
FMR 2-Bedroom$1,096
FMR 3-Bedroom$1,391
FMR 4-Bedroom$1,590

Market

Ownership & Stock

Owner-Occupied50.5%
Renter-Occupied49.5%
Homeownership Rate50.5%
Total Housing Units820
Median Year Built1959
Rent Burden36.2%