Floyd County, Indiana Housing Market Prices
Floyd 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 172% above the Indiana median Among the 3 most expensive counties in Indiana$388,053
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Median rent 2% below the Indiana median More expensive than 81% of counties in Indiana$1,036
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Floyd County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $388,053 | $142,738 | $248,835 |
| Price Trend (Annual %) | 16.8% | 7.2% | 7.5% |
| Median Gross Rent | $1,036 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Floyd County is about 172% higher than in Indiana. Rent is about 2% 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 Floyd County, up about 16.8% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Floyd County rose about 43.4% between 2015 and 2024, from $722 to $1,036. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in Floyd County.
Buying the median-priced home in Floyd County costs roughly 31.2 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 Floyd County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Floyd County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $388,053 | $142,738 | $248,835 |
| Median Household Income | $80,118 | $71,967 | $80,455 |
| Price-to-Income Ratio | 4.8 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Floyd County rose about 225.3%, while median household income rose about 46.9% 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 | Floyd County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.0% | 64.4% | 58.5% |
| Rental Rate | 24.6% | 26.9% | 31.2% |
| Vacancy Rate | 8.4% | 8.8% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Floyd County has a homeownership rate of 67.0%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 8.4%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Floyd County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1967 | 1975 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Floyd County was built around 1967. On average, 2.5 people live in a home with about 6.0 rooms, staying for about 14.0 years on average.
Floyd County, IN Housing Compared With Nearby Counties
Floyd County, IN is typical in size for this group, 80,920 residents against a local median of 82,106, so the measures below are close to a like for like comparison. Floyd County, IN's median home price, at $388,053, runs 135% above the $164,836 typical of the counties around it.
The counties themselves sit within $50,960 of each other on median home price, a tighter band than the gap between any of them and Floyd County, IN, which makes it a genuine outlier here rather than one end of a wide local spread. Floyd County, IN has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Floyd County, IN | 80,920 | $388,053 #1/5 | $1,036 #3/5 | 73.2% #4/5 |
| Harrison County, IN | 39,866 | $167,253 | $836 | 83.6% |
| Clark County, IN | 124,346 | $192,770 | $1,129 | 74.7% |
| Jefferson County, KY | 781,949 | $162,419 | $1,148 | 62.1% |
| Washington County, IN | 28,212 | $141,810 | $779 | 82.1% |
Frequently Asked Questions
Common questions about the housing market in Floyd County, Indiana.
What is the median home price in Floyd County, Indiana?
The median home price in Floyd County, Indiana is $388,053, higher than the Indiana average of $142,738.
What is the average home price in Floyd County, Indiana?
The typical home price in Floyd County, Indiana, reported as the median sale price, is $388,053. 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 Floyd County, Indiana?
The median gross rent in Floyd County, Indiana is $1,036 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Floyd County in 2020?
In 2020, the median gross rent in Floyd County, Indiana was $812 per month.
What is the price-to-rent ratio in Floyd County, Indiana?
The price-to-rent ratio in Floyd County, Indiana is about 31.2, meaning it would take roughly 31.2 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 Floyd County.
Are home prices or rent rising faster in Floyd County, Indiana?
Both home prices and rent are rising in Floyd County, up about 16.8% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Floyd County, Indiana?
67.0% of households in Floyd County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Floyd County, Indiana?
The housing vacancy rate in Floyd County, Indiana is 8.4%, lower than the Indiana average of 8.8%.
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