Hobart, IN
Population 29,646 · Indiana
About Hobart, IN
Hobart is a mid-sized city located in Indiana with a population of 29,646 residents according to the latest US Census Bureau American Community Survey data. The median household income is $71,680 per year, which is 5% below the national median of $75,149. The median age of 38.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Hobart features a median home value of $203,400, which is 17% below the national median of $244,900. This positions Hobart in a moderately priced market relative to the rest of the country. Median monthly rent is $1,174, 1% above the national average of $1,163/month. Of the 12,818 total housing units, 70% are owner-occupied (8,402 units) and 30% are renter-occupied (3,565 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hobart shows an unemployment rate of 4.6%, which is near the national rate of 3.7%. The poverty rate stands at 13.4%, above the national average of 12.4%. Workers in Hobart have an average one-way commute time of 28.4 minutes.
Education & Demographics
22.6% of Hobart 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 12.5% White, 1.3% Hispanic or Latino, 3.5% Black or African American, and 0.9% Asian residents, with 4.4% of the population being foreign-born.
How Hobart Ranks in Indiana
Cost of Living in Hobart, IN
Compared to national averages, Hobart has a median household income of $71,680 (5% below the national median of $75,149). Home values average $203,400, which is 17% below the national median. Monthly rent at $1,174 is 1% above the US average of $1,163. Within Indiana, Hobart's income is 3% above the state average of $69,330, and home values are 24% above the state median of $163,409.
Why Live in Hobart, IN?
Hobart offers affordable housing with a median home value of $203,400, below the US average of $244,900.
Potential considerations include median household income ($71,680) that falls below the national average. However, Hobart’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hobart has a population of 29,646 with a median age of 38.6 years. Compare Hobart with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Hobart
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Schererville | 29,627 | $86,020 | $294,600 | Compare |
| Granger | 30,279 | $117,348 | $302,500 | Compare |
| Brownsburg | 30,310 | $105,435 | $282,800 | Compare |
| Zionsville | 31,442 | $159,126 | $543,800 | Compare |
| Michigan City | 31,894 | $52,979 | $129,000 | Compare |
| East Chicago | 26,158 | $41,071 | $92,400 | Compare |
| Franklin | 25,999 | $77,305 | $212,500 | Compare |
| Crown Point | 34,042 | $95,757 | $272,800 | 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 Hobart With Other Cities
Frequently Asked Questions about Hobart
What is the population of Hobart, IN?
The population of Hobart, IN is 29,646 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Indiana.
What is the median household income in Hobart?
The median household income in Hobart, IN is $71,680 per year, which is 5% below the national median of $75,149.
What is the median home value in Hobart?
The median home value in Hobart, IN is $203,400, which is 17% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hobart?
The median monthly rent in Hobart, IN is $1,174, which is 1% above the national average of $1,163/month.
What is the unemployment rate in Hobart?
The unemployment rate in Hobart, IN is 4.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Hobart, IN a good place to live?
Hobart offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 29,646 and a median age of 38.6, the city appeals to a broad range of residents.
How educated is Hobart, IN?
22.6% of residents in Hobart 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 Hobart?
Key cost-of-living indicators for Hobart, IN: median home value is $203,400 (17% below national), median rent is $1,174/month, and median household income is $71,680. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hobart?
The poverty rate in Hobart, IN is 13.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Hobart, IN?
Hobart's population is 12.5% White, 1.3% Hispanic or Latino, 3.5% Black or African American, 0.9% Asian, and 14.0% two or more races. 4.4% of residents are foreign-born.