Goshen, Indiana Housing Market Prices
Goshen 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 1% above the Indiana median$143,527
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Median rent 3% above the Indiana median$1,094
Housing Market Overview
| Metric | Goshen | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $143,527 | $142,738 | $248,835 |
| Price Trend (Annual %) | 26.4% | 7.2% | 7.5% |
| Median Gross Rent | $1,094 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Goshen is about 1% higher than in Indiana. Rent is about 3% higher 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 Goshen, up about 26.4% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Goshen rose about 51.7% between 2015 and 2024, from $721 to $1,094. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Goshen.
Buying the median-priced home in Goshen costs roughly 10.9 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 Goshen. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Goshen | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $143,527 | $142,738 | $248,835 |
| Median Household Income | $63,322 | $71,967 | $80,455 |
| Price-to-Income Ratio | 2.3 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Goshen rose about 79.1%, while median household income rose about 39.2% 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 | Goshen | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.7% | 64.4% | 58.5% |
| Rental Rate | 32.3% | 26.9% | 31.2% |
| Vacancy Rate | 11.0% | 8.8% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Goshen has a homeownership rate of 56.7%, lower than the Indiana average of 64.4%. Its housing vacancy rate is 11.0%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Goshen | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.79 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1974 | 1975 | 1978 |
| Median Number of Rooms | 5.4 | 5.9 | 5.5 |
The typical housing unit in Goshen was built around 1974. On average, 2.8 people live in a home with about 5.4 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Goshen, Indiana.
What is the median home price in Goshen, Indiana?
The median home price in Goshen, Indiana is $143,527, higher than the Indiana average of $142,738.
What is the average home price in Goshen, Indiana?
The typical home price in Goshen, Indiana, reported as the median sale price, is $143,527. 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 Goshen, Indiana?
The median gross rent in Goshen, Indiana is $1,094 per month, higher than the Indiana average of $1,062.
What was the median gross rent in Goshen in 2020?
In 2020, the median gross rent in Goshen, Indiana was $803 per month.
What is the price-to-rent ratio in Goshen, Indiana?
The price-to-rent ratio in Goshen, Indiana is about 10.9, meaning it would take roughly 10.9 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 Goshen.
Are home prices or rent rising faster in Goshen, Indiana?
Both home prices and rent are rising in Goshen, up about 26.4% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Goshen, Indiana?
56.7% of households in Goshen, Indiana own their home, lower than the Indiana average of 64.4%.
What is the vacancy rate in Goshen, Indiana?
The housing vacancy rate in Goshen, Indiana is 11.0%, higher than the Indiana average of 8.8%.
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