Daviess County, Indiana Housing Market Prices
Daviess 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 72% above the Indiana median More expensive than 89% of counties in Indiana$245,191
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Median rent 20% below the Indiana median$846
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Daviess County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $245,191 | $142,738 | $248,835 |
| Price Trend (Annual %) | 19.5% | 7.2% | 7.5% |
| Median Gross Rent | $846 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Daviess County is about 72% higher than in Indiana. Rent is about 20% 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 Daviess County, up about 19.5% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Daviess County rose about 39.1% between 2015 and 2024, from $608 to $846. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in Daviess County.
Buying the median-priced home in Daviess County costs roughly 24.1 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 Daviess County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Daviess County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $245,191 | $142,738 | $248,835 |
| Median Household Income | $69,555 | $71,967 | $80,455 |
| Price-to-Income Ratio | 3.5 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Daviess County rose about 269.8%, while median household income rose about 52.4% 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 | Daviess County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.4% | 64.4% | 58.5% |
| Rental Rate | 25.3% | 26.9% | 31.2% |
| Vacancy Rate | 8.3% | 8.8% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Daviess County has a homeownership rate of 66.4%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 8.3%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Daviess County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.80 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1974 | 1975 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Daviess County was built around 1974. On average, 2.8 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Daviess County, IN Housing Compared With Nearby Counties
How Daviess County, IN compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Daviess County, IN | 33,658 | $245,191 #1/3 | $846 #1/3 | 72.4% #2/3 |
| Martin County, IN | 9,829 | $59,518 | $696 | 78.5% |
| Knox County, IN | 35,997 | $90,926 | $795 | 67.8% |
Frequently Asked Questions
Common questions about the housing market in Daviess County, Indiana.
What is the median home price in Daviess County, Indiana?
The median home price in Daviess County, Indiana is $245,191, higher than the Indiana average of $142,738.
What is the average home price in Daviess County, Indiana?
The typical home price in Daviess County, Indiana, reported as the median sale price, is $245,191. 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 Daviess County, Indiana?
The median gross rent in Daviess County, Indiana is $846 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Daviess County in 2020?
In 2020, the median gross rent in Daviess County, Indiana was $682 per month.
What is the price-to-rent ratio in Daviess County, Indiana?
The price-to-rent ratio in Daviess County, Indiana is about 24.1, meaning it would take roughly 24.1 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 Daviess County.
Are home prices or rent rising faster in Daviess County, Indiana?
Both home prices and rent are rising in Daviess County, up about 19.5% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Daviess County, Indiana?
66.4% of households in Daviess County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Daviess County, Indiana?
The housing vacancy rate in Daviess County, Indiana is 8.3%, lower than the Indiana average of 8.8%.
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