Greene County, Indiana Housing Market Prices
Greene 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 89% below the Indiana median Cheapest county in Indiana$15,833
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Median rent 25% below the Indiana median Cheaper than 77% of counties in Indiana$796
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Greene County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $15,833 | $142,738 | $248,835 |
| Price Trend (Annual %) | -3.1% | 7.2% | 7.5% |
| Median Gross Rent | $796 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Greene County is about 89% lower than in Indiana. Rent is about 25% 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 Greene County: home prices fell about 3.1% a year while rent rose about 4.1% a year. That is an unusual pattern worth watching.
Median rent in Greene County rose about 36.9% between 2015 and 2024, from $582 to $796. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 0.3 yearly household incomes in Greene County.
Buying the median-priced home in Greene County costs roughly 1.7 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 Greene County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Greene County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $15,833 | $142,738 | $248,835 |
| Median Household Income | $62,067 | $71,967 | $80,455 |
| Price-to-Income Ratio | 0.3 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Greene County fell about 60.1%, while median household income rose about 42.4% 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 | Greene County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.3% | 64.4% | 58.5% |
| Rental Rate | 21.0% | 26.9% | 31.2% |
| Vacancy Rate | 8.7% | 8.8% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Greene County has a homeownership rate of 70.3%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 8.7%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Greene County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1977 | 1975 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Greene County was built around 1977. On average, 2.3 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Greene County, IN Housing Compared With Nearby Counties
Greene County, IN is the largest of the 4 counties compared here, 31,021 residents against a local median of 20,780. Where Greene County, IN breaks from the counties next to it is median home price, sitting 83% below the local median of $91,229 at $15,833.
The counties themselves spread $246,038 on median home price, so Greene County, IN sits at one end of an already wide local range rather than apart from it. Greene County, IN has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Greene County, IN | 31,021 | $15,833 #4/4 | $796 #3/4 | 77.0% #3/4 |
| Owen County, IN | 21,604 | $305,556 | $911 | 81.4% |
| Martin County, IN | 9,829 | $59,518 | $696 | 78.5% |
| Sullivan County, IN | 20,780 | $91,229 | $829 | 76.4% |
Frequently Asked Questions
Common questions about the housing market in Greene County, Indiana.
What is the median home price in Greene County, Indiana?
The median home price in Greene County, Indiana is $15,833, lower than the Indiana average of $142,738.
What is the average home price in Greene County, Indiana?
The typical home price in Greene County, Indiana, reported as the median sale price, is $15,833. 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 Greene County, Indiana?
The median gross rent in Greene County, Indiana is $796 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Greene County in 2020?
In 2020, the median gross rent in Greene County, Indiana was $624 per month.
What is the price-to-rent ratio in Greene County, Indiana?
The price-to-rent ratio in Greene County, Indiana is about 1.7, meaning it would take roughly 1.7 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 Greene County.
Are home prices or rent rising faster in Greene County, Indiana?
Home prices and rent are moving in opposite directions in Greene County: home prices fell about 3.1% a year while rent rose about 4.1% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Greene County, Indiana?
70.3% of households in Greene County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Greene County, Indiana?
The housing vacancy rate in Greene County, Indiana is 8.7%, lower than the Indiana average of 8.8%.
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