Grant County, Indiana Housing Market Prices
Grant 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 68% below the Indiana median Cheaper than 90% of counties in Indiana$45,724
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Median rent 20% below the Indiana median$852
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Grant County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $45,724 | $142,738 | $248,835 |
| Price Trend (Annual %) | -4.0% | 7.2% | 7.5% |
| Median Gross Rent | $852 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Grant County is about 68% lower than in Indiana. Rent is about 20% 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 Grant County: home prices fell about 4.0% a year while rent rose about 3.2% a year. That is an unusual pattern worth watching.
Median rent in Grant County rose about 31.4% between 2015 and 2024, from $649 to $852. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Grant County.
Buying the median-priced home in Grant County costs roughly 4.5 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 Grant County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Grant County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $45,724 | $142,738 | $248,835 |
| Median Household Income | $53,252 | $71,967 | $80,455 |
| Price-to-Income Ratio | 0.9 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Grant County fell about 36.9%, while median household income rose about 31.9% 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 | Grant County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.1% | 64.4% | 58.5% |
| Rental Rate | 24.4% | 26.9% | 31.2% |
| Vacancy Rate | 10.5% | 8.8% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Grant County has a homeownership rate of 65.1%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 10.5%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Grant County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.28 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1963 | 1975 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Grant County was built around 1963. On average, 2.3 people live in a home with about 5.9 rooms, staying for about 16.0 years on average.
Grant County, IN Housing Compared With Nearby Counties
Grant County, IN is the 3rd largest of the 6 counties compared here, 66,295 residents against a local median of 36,800. The measure that sets Grant County, IN apart most is median home price: $45,724, 37% below the local median of $72,934.
The counties themselves spread $113,321 on median home price, so Grant County, IN sits at one end of an already wide local range rather than apart from it. Grant County, IN has the 4th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Grant County, IN | 66,295 | $45,724 #4/6 | $852 #4/6 | 72.7% #4/6 |
| Blackford County, IN | 11,950 | $16,458 | $698 | 73.9% |
| Huntington County, IN | 36,800 | $41,897 | $878 | 77.4% |
| Wabash County, IN | 30,844 | $92,826 | $761 | 80.5% |
| Madison County, IN | 131,900 | $129,779 | $939 | 70.2% |
| Delaware County, IN | 112,280 | $72,934 | $905 | 66.5% |
Frequently Asked Questions
Common questions about the housing market in Grant County, Indiana.
What is the median home price in Grant County, Indiana?
The median home price in Grant County, Indiana is $45,724, lower than the Indiana average of $142,738.
What is the average home price in Grant County, Indiana?
The typical home price in Grant County, Indiana, reported as the median sale price, is $45,724. 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 Grant County, Indiana?
The median gross rent in Grant County, Indiana is $852 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Grant County in 2020?
In 2020, the median gross rent in Grant County, Indiana was $704 per month.
What is the price-to-rent ratio in Grant County, Indiana?
The price-to-rent ratio in Grant County, Indiana is about 4.5, meaning it would take roughly 4.5 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 Grant County.
Are home prices or rent rising faster in Grant County, Indiana?
Home prices and rent are moving in opposite directions in Grant County: home prices fell about 4.0% a year while rent rose about 3.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Grant County, Indiana?
65.1% of households in Grant County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Grant County, Indiana?
The housing vacancy rate in Grant County, Indiana is 10.5%, higher than the Indiana average of 8.8%.
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