Fountain County, Indiana Housing Market Prices
Fountain 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 83% below the Indiana median Among the top 3 cheapest counties in Indiana$24,021
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Median rent 21% below the Indiana median$843
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Fountain County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $24,021 | $142,738 | $248,835 |
| Price Trend (Annual %) | -9.0% | 7.2% | 7.5% |
| Median Gross Rent | $843 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fountain County is about 83% lower than in Indiana. Rent is about 21% lower than the Indiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Fountain County: home prices fell about 9.0% a year while rent rose about 4.0% a year. That is an unusual pattern worth watching.
Median rent in Fountain County rose about 32.1% between 2015 and 2024, from $638 to $843. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Fountain County.
Buying the median-priced home in Fountain County costs roughly 2.4 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 Fountain County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Fountain County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $24,021 | $142,738 | $248,835 |
| Median Household Income | $62,702 | $71,967 | $80,455 |
| Price-to-Income Ratio | 0.4 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fountain County fell about 65.0%, while median household income rose about 33.7% between 2009 and 2025 — 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 | Fountain County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.8% | 64.4% | 58.5% |
| Rental Rate | 22.3% | 26.9% | 31.2% |
| Vacancy Rate | 11.9% | 8.8% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Fountain County has a homeownership rate of 65.8%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 11.9%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Fountain County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1965 | 1975 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Fountain County was built around 1965. On average, 2.4 people live in a home with about 6.0 rooms, staying for about 16.0 years on average.
Fountain County, IN Housing Compared With Nearby Counties
Fountain County, IN is typical in size for this group, 16,615 residents against a local median of 16,406, so the measures below are close to a like for like comparison. Where Fountain County, IN breaks from the counties next to it is median home price, sitting 75% below the local median of $94,390 at $24,021.
The counties themselves spread $83,846 on median home price, so Fountain County, IN sits at one end of an already wide local range rather than apart from it. Fountain County, IN has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Fountain County, IN | 16,615 | $24,021 #4/4 | $843 #2/4 | 74.6% #3/4 |
| Vermillion County, IN | 15,421 | $94,390 | $749 | 75.3% |
| Parke County, IN | 16,406 | $54,111 | $704 | 82.4% |
| Tippecanoe County, IN | 189,071 | $137,957 | $1,124 | 53.4% |
Frequently Asked Questions
Common questions about the housing market in Fountain County, Indiana.
What is the median home price in Fountain County, Indiana?
The median home price in Fountain County, Indiana is $24,021, lower than the Indiana average of $142,738.
What is the average home price in Fountain County, Indiana?
The typical home price in Fountain County, Indiana, reported as the median sale price, is $24,021. 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 Fountain County, Indiana?
The median gross rent in Fountain County, Indiana is $843 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Fountain County in 2020?
In 2020, the median gross rent in Fountain County, Indiana was $690 per month.
What is the price-to-rent ratio in Fountain County, Indiana?
The price-to-rent ratio in Fountain County, Indiana is about 2.4, meaning it would take roughly 2.4 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 Fountain County.
Are home prices or rent rising faster in Fountain County, Indiana?
Home prices and rent are moving in opposite directions in Fountain County: home prices fell about 9.0% a year while rent rose about 4.0% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Fountain County, Indiana?
65.8% of households in Fountain County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Fountain County, Indiana?
The housing vacancy rate in Fountain County, Indiana is 11.9%, higher than the Indiana average of 8.8%.
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