Benton County, Indiana Housing Market Prices
Benton 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 31% above the Indiana median More expensive than 75% of counties in Indiana$187,500
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Median rent 27% below the Indiana median Cheaper than 84% of counties in Indiana$773
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Benton County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,500 | $142,738 | $248,835 |
| Price Trend (Annual %) | 25.0% | 7.2% | 7.5% |
| Median Gross Rent | $773 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 1.2% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Benton County is about 31% higher than in Indiana. Rent is about 27% 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 Benton County, up about 25.0% and 1.2% a year respectively. Home prices are changing faster.
Median rent in Benton County rose about 13.9% between 2015 and 2024, from $679 to $773. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Benton County.
Buying the median-priced home in Benton County costs roughly 20.2 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Benton County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Benton County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,500 | $142,738 | $248,835 |
| Median Household Income | $66,920 | $71,967 | $80,455 |
| Price-to-Income Ratio | 2.8 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Benton County rose about 434.6%, while median household income rose about 29.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Benton County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.2% | 64.4% | 58.5% |
| Rental Rate | 18.6% | 26.9% | 31.2% |
| Vacancy Rate | 8.2% | 8.8% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Benton County has a homeownership rate of 73.2%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 8.2%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Benton County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1955 | 1975 | 1978 |
| Median Number of Rooms | 6.5 | 5.9 | 5.5 |
The typical housing unit in Benton County was built around 1955. On average, 2.5 people live in a home with about 6.5 rooms, staying for about 18.0 years on average.
Benton County, IN Housing Compared With Nearby Counties
How Benton County, IN compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Benton County, IN | 8,735 | $187,500 #1/2 | $773 #2/2 | 79.8% #1/2 |
| Tippecanoe County, IN | 189,071 | $137,957 | $1,124 | 53.4% |
Frequently Asked Questions
Common questions about the housing market in Benton County, Indiana.
What is the median home price in Benton County, Indiana?
The median home price in Benton County, Indiana is $187,500, higher than the Indiana average of $142,738.
What is the average home price in Benton County, Indiana?
The typical home price in Benton County, Indiana, reported as the median sale price, is $187,500. 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 Benton County, Indiana?
The median gross rent in Benton County, Indiana is $773 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Benton County in 2020?
In 2020, the median gross rent in Benton County, Indiana was $720 per month.
What is the price-to-rent ratio in Benton County, Indiana?
The price-to-rent ratio in Benton County, Indiana is about 20.2, meaning it would take roughly 20.2 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Benton County.
Are home prices or rent rising faster in Benton County, Indiana?
Both home prices and rent are rising in Benton County, up about 25.0% and 1.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Benton County, Indiana?
73.2% of households in Benton County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Benton County, Indiana?
The housing vacancy rate in Benton County, Indiana is 8.2%, lower than the Indiana average of 8.8%.
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