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Cloverdale, IN

Full City Profile · Indiana · Putnam County County

3.0 /5.0
B Good
2,219 Population 636/sq mi density
$47,016 Median Income $25,531 per capita
$117,300 Home Value $251,119 Zillow
$699 Median Rent 27.9% income on rent
51°F Avg Temperature 293 sunny days/yr
263 Violent Crime/100K 1,082 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$47,016 median income, 3.3% unemployment
A+
Affordability
5.0 / 5.0
$117,300 home value, $699/mo rent
F
Safety
1.0 / 5.0
263 violent crimes/100K
C
Education
2.3 / 5.0
16.5% bachelor's degree or higher

Housing Overview

Median Home Value
$117,300
58% below
US avg: $281,900
Median Rent
$699/mo
40% below
US avg: $1,163/mo
Homeownership Rate
62.8%
4% below US avg (65.4%)
Total Housing Units
1,047
Median year built: 1986

Home Value by Source

Census Median
$117,300
Zillow (ZHVI)
$251,119
Median Sale Price
$197,000
Median List Price
$209,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

62.8%
Owner-Occupied
37.2%
Renter-Occupied
63%
37%
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: $699/mo

Market Indicators (Redfin)

Median Days on Market
93 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
5
Price Drops
15.4%
of listings with price reduction
Price Per Sq Ft
$145
Active Inventory
13
homes for sale

Affordability & Housing Stock

Rent Burden
27.9%
of renters spending 30%+ of income on housing
10% below US avg (31.0%)
Median Year Built
1986
Average age of housing stock: 40 years
Homeownership Rate
62.8%

Complete Housing Data

Home Values

Census Median Value$117,300
Zillow Home Value (ZHVI)$251,119
Median Sale Price$197,000
Median List Price$209,000
Price Per Sq Ft$145

Rent

Census Median Rent$699
FMR Studio$816
FMR 1-Bedroom$882
FMR 2-Bedroom$1,096
FMR 3-Bedroom$1,391
FMR 4-Bedroom$1,590

Market

Days on Market93
Sale-to-List Ratio1.0%
Price Drops15.4%
Homes Sold5
Active Inventory13
Price Per Sq Ft$145

Ownership & Stock

Owner-Occupied62.8%
Renter-Occupied37.2%
Homeownership Rate62.8%
Total Housing Units1,047
Median Year Built1986
Rent Burden27.9%