Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Dubois County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $136,538 | $140,405 | $242,182 |
| Price Trend (Annual %) | 2.0% | 7.9% | 8.2% |
| Median Gross Rent | $801 | $1,020 | $1,342 |
| Rent Trend (Annual %) | 4.4% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Dubois County is about 3% lower than in Indiana. Rent is about 21% lower than the Indiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Dubois County, up about 2.0% and 4.4% a year respectively. Rent is changing faster.
Median rent in Dubois County rose about 32.3% between 2015 and 2023, from $605 to $801. Over the same span, rent in Indiana rose about 37.0%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Dubois County.
Buying the median-priced home in Dubois 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 Dubois County. The price-to-rent ratio in Indiana is about 11.5.
| Metric | Dubois County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $136,538 | $140,405 | $242,182 |
| Median Household Income | $72,242 | $70,132 | $78,145 |
| Price-to-Income Ratio | 1.9 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Dubois County fell about 16.6%, while median household income rose about 34.5% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Dubois County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.4% | 63.9% | 58.2% |
| Rental Rate | 22.6% | 26.9% | 31.3% |
| Vacancy Rate | 6.0% | 9.2% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Dubois County has a homeownership rate of 71.4%, higher than the Indiana average of 63.9%. Its housing vacancy rate is 6.0%, compared with 9.2% in Indiana.
Housing Stock
| Metric | Dubois County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.47 people | 2.54 people |
| Median Structure Built Year | 1978 | 1975 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Dubois County was built around 1978. On average, 2.4 people live in a home with about 5.8 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Dubois County, Indiana.
What is the median home price in Dubois County, Indiana?
The median home price in Dubois County, Indiana is $136,538, lower than the Indiana average of $140,405.
What is the average home price in Dubois County, Indiana?
The typical home price in %s, reported as the median sale price, is %s. 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 Dubois County, Indiana?
The median gross rent in Dubois County, Indiana is $801 per month, lower than the Indiana average of $1,020.
What was the median gross rent in Dubois County in 2020?
In 2020, the median gross rent in Dubois County, Indiana was $645 per month.
What is the price-to-rent ratio in Dubois County, Indiana?
The price-to-rent ratio in Dubois 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 Dubois County.
Are home prices or rent rising faster in Dubois County, Indiana?
Both home prices and rent are rising in Dubois County, up about 2.0% and 4.4% a year respectively. Rent is changing faster.
What is the homeownership rate in Dubois County, Indiana?
71.4% of households in Dubois County, Indiana own their home, higher than the Indiana average of 63.9%.
What is the vacancy rate in Dubois County, Indiana?
The housing vacancy rate in Dubois County, Indiana is 6.0%, lower than the Indiana average of 9.2%.