Cloverdale, IN
Population 2,219 · Indiana
About Cloverdale, IN
Cloverdale is a small town located in Indiana with a population of 2,219 residents according to the latest US Census Bureau American Community Survey data. The median household income is $47,016 per year, which is 37% below the national median of $75,149. The median age of 51.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Cloverdale features a median home value of $117,300, which is 52% below the national median of $244,900. This makes Cloverdale one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $699, 40% below the national average of $1,163/month. Of the 1,115 total housing units, 63% are owner-occupied (629 units) and 37% are renter-occupied (373 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Cloverdale shows an unemployment rate of 5.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 11.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cloverdale have an average one-way commute time of 24 minutes.
Education & Demographics
16.5% of Cloverdale residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.6% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.7% of the population being foreign-born.
Cost of Living in Cloverdale, IN
Compared to national averages, Cloverdale has a median household income of $47,016 (37% below the national median of $75,149). Home values average $117,300, which is 52% below the national median. Monthly rent at $699 is 40% below the US average of $1,163. Within Indiana, Cloverdale's income is 32% below the state average of $69,330, and home values are 28% below the state median of $163,409.
Why Live in Cloverdale, IN?
Cloverdale offers affordable housing with a median home value of $117,300, below the US average of $244,900, and rent that’s lower than the national average at $699/month, and a low poverty rate of 11.9%, better than the national average. Additionally, the city features short commute times averaging just 24 minutes.
Potential considerations include median household income ($47,016) that falls below the national average. However, Cloverdale’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cloverdale has a population of 2,219 with a median age of 51.2 years. Compare Cloverdale with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Cloverdale
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Burns Harbor | 2,198 | $98,333 | $236,700 | Compare |
| Orleans | 2,191 | $64,504 | $109,900 | Compare |
| Shadeland | 2,257 | $88,125 | $261,300 | Compare |
| Waterloo | 2,180 | $61,375 | $108,600 | Compare |
| Fremont | 2,177 | $61,953 | $144,900 | Compare |
| Kouts | 2,261 | $75,854 | $223,700 | Compare |
| Jasonville | 2,269 | $36,607 | $66,400 | Compare |
| Middletown | 2,163 | $55,833 | $98,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Cloverdale With Other Cities
Frequently Asked Questions about Cloverdale
What is the population of Cloverdale, IN?
The population of Cloverdale, IN is 2,219 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Indiana.
What is the median household income in Cloverdale?
The median household income in Cloverdale, IN is $47,016 per year, which is 37% below the national median of $75,149.
What is the median home value in Cloverdale?
The median home value in Cloverdale, IN is $117,300, which is 52% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cloverdale?
The median monthly rent in Cloverdale, IN is $699, which is 40% below the national average of $1,163/month.
What is the unemployment rate in Cloverdale?
The unemployment rate in Cloverdale, IN is 5.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Cloverdale, IN a good place to live?
Cloverdale offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,219 and a median age of 51.2, the city appeals to established professionals and retirees.
How educated is Cloverdale, IN?
16.5% of residents in Cloverdale aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Cloverdale?
Key cost-of-living indicators for Cloverdale, IN: median home value is $117,300 (52% below national), median rent is $699/month, and median household income is $47,016. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Cloverdale?
The poverty rate in Cloverdale, IN is 11.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Cloverdale, IN?
Cloverdale's population is 0.6% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 2.2% two or more races. 0.7% of residents are foreign-born.