Crown Point, Indiana Housing Market Prices
Crown Point 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 79% above the Indiana median$255,189
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Median rent 38% above the Indiana median$1,465
Housing Market Overview
| Metric | Crown Point | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $255,189 | $142,738 | $248,835 |
| Price Trend (Annual %) | 627.8% | 7.2% | 7.5% |
| Median Gross Rent | $1,465 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Crown Point is about 79% higher than in Indiana. Rent is about 38% 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 Crown Point, up about 627.8% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Crown Point rose about 53.4% between 2015 and 2024, from $955 to $1,465. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Crown Point.
Buying the median-priced home in Crown Point costs roughly 14.5 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 Crown Point. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Crown Point | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $255,189 | $142,738 | $248,835 |
| Median Household Income | $99,303 | $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 Crown Point rose about 115.2%, while median household income rose about 51.4% 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 | Crown Point | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 82.5% | 64.4% | 58.5% |
| Rental Rate | 14.0% | 26.9% | 31.2% |
| Vacancy Rate | 3.5% | 8.8% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Crown Point has a homeownership rate of 82.5%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 3.5%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Crown Point | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.75 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1987 | 1975 | 1978 |
| Median Number of Rooms | 6.2 | 5.9 | 5.5 |
The typical housing unit in Crown Point was built around 1987. On average, 2.7 people live in a home with about 6.2 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Crown Point, Indiana.
What is the median home price in Crown Point, Indiana?
The median home price in Crown Point, Indiana is $255,189, higher than the Indiana average of $142,738.
What is the average home price in Crown Point, Indiana?
The typical home price in Crown Point, Indiana, reported as the median sale price, is $255,189. 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 Crown Point, Indiana?
The median gross rent in Crown Point, Indiana is $1,465 per month, higher than the Indiana average of $1,062.
What was the median gross rent in Crown Point in 2020?
In 2020, the median gross rent in Crown Point, Indiana was $1,103 per month.
What is the price-to-rent ratio in Crown Point, Indiana?
The price-to-rent ratio in Crown Point, Indiana is about 14.5, meaning it would take roughly 14.5 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 Crown Point.
Are home prices or rent rising faster in Crown Point, Indiana?
Both home prices and rent are rising in Crown Point, up about 627.8% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Crown Point, Indiana?
82.5% of households in Crown Point, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Crown Point, Indiana?
The housing vacancy rate in Crown Point, Indiana is 3.5%, lower than the Indiana average of 8.8%.
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