Clark County, Indiana Housing Market Prices
Clark 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 35% above the Indiana median More expensive than 76% of counties in Indiana$192,770
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Median rent 6% above the Indiana median More expensive than 90% of counties in Indiana$1,129
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Clark County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $192,770 | $142,738 | $248,835 |
| Price Trend (Annual %) | 6.3% | 7.2% | 7.5% |
| Median Gross Rent | $1,129 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clark County is about 35% higher than in Indiana. Rent is about 6% higher 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 Clark County, up about 6.3% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Clark County rose about 49.6% between 2015 and 2024, from $754 to $1,129. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Clark County.
Buying the median-priced home in Clark County costs roughly 14.2 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 Clark County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Clark County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $192,770 | $142,738 | $248,835 |
| Median Household Income | $74,105 | $71,967 | $80,455 |
| Price-to-Income Ratio | 2.6 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Clark County rose about 57.3%, while median household income rose about 48.4% 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 | Clark County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.6% | 64.4% | 58.5% |
| Rental Rate | 23.5% | 26.9% | 31.2% |
| Vacancy Rate | 6.9% | 8.8% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Clark County has a homeownership rate of 69.6%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 6.9%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Clark County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1981 | 1975 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Clark County was built around 1981. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 15.0 years on average.
Clark County, IN Housing Compared With Nearby Counties
How Clark County, IN compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Clark County, IN | 124,346 | $192,770 #2/3 | $1,129 #2/3 | 74.7% #1/3 |
| Floyd County, IN | 80,920 | $388,053 | $1,036 | 73.2% |
| Jefferson County, KY | 781,949 | $162,419 | $1,148 | 62.1% |
Frequently Asked Questions
Common questions about the housing market in Clark County, Indiana.
What is the median home price in Clark County, Indiana?
The median home price in Clark County, Indiana is $192,770, higher than the Indiana average of $142,738.
What is the average home price in Clark County, Indiana?
The typical home price in Clark County, Indiana, reported as the median sale price, is $192,770. 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 Clark County, Indiana?
The median gross rent in Clark County, Indiana is $1,129 per month, higher than the Indiana average of $1,062.
What was the median gross rent in Clark County in 2020?
In 2020, the median gross rent in Clark County, Indiana was $868 per month.
What is the price-to-rent ratio in Clark County, Indiana?
The price-to-rent ratio in Clark County, Indiana is about 14.2, meaning it would take roughly 14.2 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 Clark County.
Are home prices or rent rising faster in Clark County, Indiana?
Both home prices and rent are rising in Clark County, up about 6.3% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Clark County, Indiana?
69.6% of households in Clark County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Clark County, Indiana?
The housing vacancy rate in Clark County, Indiana is 6.9%, lower than the Indiana average of 8.8%.
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