Decatur County, Indiana Housing Market Prices
Decatur 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 42% above the Indiana median More expensive than 78% of counties in Indiana$202,778
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Median rent 19% below the Indiana median$861
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Decatur County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $202,778 | $142,738 | $248,835 |
| Price Trend (Annual %) | 26.7% | 7.2% | 7.5% |
| Median Gross Rent | $861 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 1.5% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Decatur County is about 42% higher than in Indiana. Rent is about 19% 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 Decatur County, up about 26.7% and 1.5% a year respectively. Home prices are changing faster.
Median rent in Decatur County rose about 16.6% between 2015 and 2024, from $738 to $861. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Decatur County.
Buying the median-priced home in Decatur County costs roughly 19.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Decatur County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Decatur County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $202,778 | $142,738 | $248,835 |
| Median Household Income | $71,462 | $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 Decatur County rose about 195.7%, while median household income rose about 50.8% 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 | Decatur County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.8% | 64.4% | 58.5% |
| Rental Rate | 21.9% | 26.9% | 31.2% |
| Vacancy Rate | 8.3% | 8.8% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Decatur County has a homeownership rate of 69.8%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 8.3%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Decatur County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1971 | 1975 | 1978 |
| Median Number of Rooms | 6.1 | 5.9 | 5.5 |
The typical housing unit in Decatur County was built around 1971. On average, 2.4 people live in a home with about 6.1 rooms, staying for about 17.0 years on average.
Decatur County, IN Housing Compared With Nearby Counties
Decatur County, IN is the smallest of the 5 counties compared here, 26,422 residents against a local median of 37,180. Decatur County, IN's median home price, at $202,778, runs 57% above the $128,887 typical of the counties around it.
The counties themselves spread $79,501 on median home price, so Decatur County, IN sits at one end of an already wide local range rather than apart from it. Decatur County, IN has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Decatur County, IN | 26,422 | $202,778 #1/5 | $861 #4/5 | 76.1% #3/5 |
| Ripley County, IN | 29,095 | $92,272 | $838 | 76.8% |
| Jennings County, IN | 27,562 | $109,091 | $987 | 78.8% |
| Shelby County, IN | 45,265 | $171,773 | $986 | 72.5% |
| Bartholomew County, IN | 83,536 | $148,683 | $1,127 | 69.3% |
Frequently Asked Questions
Common questions about the housing market in Decatur County, Indiana.
What is the median home price in Decatur County, Indiana?
The median home price in Decatur County, Indiana is $202,778, higher than the Indiana average of $142,738.
What is the average home price in Decatur County, Indiana?
The typical home price in Decatur County, Indiana, reported as the median sale price, is $202,778. 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 Decatur County, Indiana?
The median gross rent in Decatur County, Indiana is $861 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Decatur County in 2020?
In 2020, the median gross rent in Decatur County, Indiana was $776 per month.
What is the price-to-rent ratio in Decatur County, Indiana?
The price-to-rent ratio in Decatur County, Indiana is about 19.6, meaning it would take roughly 19.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Decatur County.
Are home prices or rent rising faster in Decatur County, Indiana?
Both home prices and rent are rising in Decatur County, up about 26.7% and 1.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Decatur County, Indiana?
69.8% of households in Decatur County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Decatur County, Indiana?
The housing vacancy rate in Decatur County, Indiana is 8.3%, lower than the Indiana average of 8.8%.
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