Hamilton County, Indiana Housing Market Prices
Hamilton 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 138% above the Indiana median Among the 5 most expensive counties in Indiana$339,003
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Median rent 48% above the Indiana median Most expensive county in Indiana$1,574
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hamilton County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $339,003 | $142,738 | $248,835 |
| Price Trend (Annual %) | 9.3% | 7.2% | 7.5% |
| Median Gross Rent | $1,574 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hamilton County is about 138% higher than in Indiana. Rent is about 48% 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 Hamilton County, up about 9.3% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Hamilton County rose about 54.9% between 2015 and 2024, from $1,016 to $1,574. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Hamilton County.
Buying the median-priced home in Hamilton County costs roughly 17.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Hamilton County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Hamilton County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $339,003 | $142,738 | $248,835 |
| Median Household Income | $121,444 | $71,967 | $80,455 |
| Price-to-Income Ratio | 2.8 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hamilton County rose about 123.9%, while median household income rose about 39.8% 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 | Hamilton County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.1% | 64.4% | 58.5% |
| Rental Rate | 22.7% | 26.9% | 31.2% |
| Vacancy Rate | 5.2% | 8.8% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Hamilton County has a homeownership rate of 72.1%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 5.2%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Hamilton County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1994 | 1975 | 1978 |
| Median Number of Rooms | 7.1 | 5.9 | 5.5 |
The typical housing unit in Hamilton County was built around 1994. On average, 2.6 people live in a home with about 7.1 rooms, staying for about 13.0 years on average.
Hamilton County, IN Housing Compared With Nearby Counties
Hamilton County, IN is the 2nd largest of the 5 counties compared here, 365,056 residents against a local median of 107,969. Where Hamilton County, IN breaks from the counties next to it is median home price, sitting 145% above the local median of $138,100 at $339,003.
Median rent tells the same story from another angle: $1,574 against a local median of $1,046, 51% above it. The counties themselves spread $355,580 on median home price, so Hamilton County, IN sits at one end of an already wide local range rather than apart from it. Hamilton County, IN has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hamilton County, IN | 365,056 | $339,003 #2/5 | $1,574 #1/5 | 76.1% #2/5 |
| Marion County, IN | 971,946 | $146,421 | $1,152 | 56.5% |
| Madison County, IN | 131,900 | $129,779 | $939 | 70.2% |
| Hancock County, IN | 84,037 | $385,184 | $1,202 | 79.5% |
| Howard County, IN | 83,752 | $29,604 | $937 | 70.6% |
Frequently Asked Questions
Common questions about the housing market in Hamilton County, Indiana.
What is the median home price in Hamilton County, Indiana?
The median home price in Hamilton County, Indiana is $339,003, higher than the Indiana average of $142,738.
What is the average home price in Hamilton County, Indiana?
The typical home price in Hamilton County, Indiana, reported as the median sale price, is $339,003. 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 Hamilton County, Indiana?
The median gross rent in Hamilton County, Indiana is $1,574 per month, higher than the Indiana average of $1,062.
What was the median gross rent in Hamilton County in 2020?
In 2020, the median gross rent in Hamilton County, Indiana was $1,187 per month.
What is the price-to-rent ratio in Hamilton County, Indiana?
The price-to-rent ratio in Hamilton County, Indiana is about 17.9, meaning it would take roughly 17.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Hamilton County.
Are home prices or rent rising faster in Hamilton County, Indiana?
Both home prices and rent are rising in Hamilton County, up about 9.3% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hamilton County, Indiana?
72.1% of households in Hamilton County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Hamilton County, Indiana?
The housing vacancy rate in Hamilton County, Indiana is 5.2%, lower than the Indiana average of 8.8%.
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