Allen County, Indiana Housing Market Prices
Allen County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 37% below the Indiana median Cheaper than 70% of counties in Indiana$89,611
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Median rent 4% below the Indiana median More expensive than 80% of counties in Indiana$1,021
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Allen County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $89,611 | $142,738 | $248,835 |
| Price Trend (Annual %) | 2.2% | 7.2% | 7.5% |
| Median Gross Rent | $1,021 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Allen County is about 37% lower than in Indiana. Rent is about 4% lower than the Indiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Allen County, up about 2.2% and 5.0% a year respectively. Rent is changing faster.
Median rent in Allen County rose about 49.7% between 2015 and 2024, from $682 to $1,021. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 1.3 yearly household incomes in Allen County.
Buying the median-priced home in Allen County costs roughly 7.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Allen County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Allen County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $89,611 | $142,738 | $248,835 |
| Median Household Income | $70,795 | $71,967 | $80,455 |
| Price-to-Income Ratio | 1.3 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Allen County rose about 16.3%, while median household income rose about 42.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Allen County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.8% | 64.4% | 58.5% |
| Rental Rate | 29.3% | 26.9% | 31.2% |
| Vacancy Rate | 5.8% | 8.8% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Allen County has a homeownership rate of 64.8%, about the same as the Indiana average of 64.4%. Its housing vacancy rate is 5.8%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Allen County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1976 | 1975 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Allen County was built around 1976. On average, 2.5 people live in a home with about 6.0 rooms, staying for about 14.0 years on average.
Allen County, IN Housing Compared With Nearby Counties
Allen County, IN is the largest of the 4 counties compared here, 392,386 residents against a local median of 34,611. Where Allen County, IN breaks from the counties next to it is median rent, sitting 23% above the local median of $832 at $1,021.
The counties themselves spread $121 on median rent, so Allen County, IN sits at one end of an already wide local range rather than apart from it. Allen County, IN has the highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Allen County, IN | 392,386 | $89,611 #2/4 | $1,021 #1/4 | 68.9% #4/4 |
| Wells County, IN | 28,420 | $157,916 | $813 | 75.6% |
| Whitley County, IN | 34,611 | $87,826 | $934 | 81.8% |
| Noble County, IN | 47,495 | $79,285 | $832 | 77.1% |
Frequently Asked Questions
Common questions about the housing market in Allen County, Indiana.
What is the median home price in Allen County, Indiana?
The median home price in Allen County, Indiana is $89,611, lower than the Indiana average of $142,738.
What is the average home price in Allen County, Indiana?
The typical home price in Allen County, Indiana, reported as the median sale price, is $89,611. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Allen County, Indiana?
The median gross rent in Allen County, Indiana is $1,021 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Allen County in 2020?
In 2020, the median gross rent in Allen County, Indiana was $788 per month.
What is the price-to-rent ratio in Allen County, Indiana?
The price-to-rent ratio in Allen County, Indiana is about 7.3, meaning it would take roughly 7.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Allen County.
Are home prices or rent rising faster in Allen County, Indiana?
Both home prices and rent are rising in Allen County, up about 2.2% and 5.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Allen County, Indiana?
64.8% of households in Allen County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Allen County, Indiana?
The housing vacancy rate in Allen County, Indiana is 5.8%, lower than the Indiana average of 8.8%.
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