Howard County, Indiana Housing Market Prices
Howard 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 79% below the Indiana median Among the top 5 cheapest counties in Indiana$29,604
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Median rent 12% below the Indiana median More expensive than 70% of counties in Indiana$937
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Howard County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $29,604 | $142,738 | $248,835 |
| Price Trend (Annual %) | 0.1% | 7.2% | 7.5% |
| Median Gross Rent | $937 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Howard County is about 79% lower than in Indiana. Rent is about 12% lower 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 Howard County, up about 0.1% and 4.4% a year respectively. Rent is changing faster.
Median rent in Howard County rose about 45.3% between 2015 and 2024, from $645 to $937. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 0.5 yearly household incomes in Howard County.
Buying the median-priced home in Howard County costs roughly 2.6 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 Howard County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Howard County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $29,604 | $142,738 | $248,835 |
| Median Household Income | $64,338 | $71,967 | $80,455 |
| Price-to-Income Ratio | 0.5 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Howard County fell about 38.5%, while median household income rose about 32.9% 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 | Howard County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.0% | 64.4% | 58.5% |
| Rental Rate | 26.3% | 26.9% | 31.2% |
| Vacancy Rate | 10.7% | 8.8% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Howard County has a homeownership rate of 63.0%, lower than the Indiana average of 64.4%. Its housing vacancy rate is 10.7%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Howard County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1967 | 1975 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Howard County was built around 1967. On average, 2.3 people live in a home with about 5.9 rooms, staying for about 16.0 years on average.
Howard County, IN Housing Compared With Nearby Counties
Howard County, IN is the 2nd largest of the 5 counties compared here, 83,752 residents against a local median of 36,696. Howard County, IN's median home price, at $29,604, runs 77% below the $129,296 typical of the counties around it.
The counties themselves spread $285,003 on median home price, so Howard County, IN sits at one end of an already wide local range rather than apart from it. Howard County, IN has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Howard County, IN | 83,752 | $29,604 #5/5 | $937 #2/5 | 70.6% #5/5 |
| Miami County, IN | 35,712 | $57,177 | $838 | 76.2% |
| Cass County, IN | 37,680 | $54,000 | $783 | 74.3% |
| Clinton County, IN | 32,944 | $201,415 | $920 | 74.2% |
| Hamilton County, IN | 365,056 | $339,003 | $1,574 | 76.1% |
Frequently Asked Questions
Common questions about the housing market in Howard County, Indiana.
What is the median home price in Howard County, Indiana?
The median home price in Howard County, Indiana is $29,604, lower than the Indiana average of $142,738.
What is the average home price in Howard County, Indiana?
The typical home price in Howard County, Indiana, reported as the median sale price, is $29,604. 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 Howard County, Indiana?
The median gross rent in Howard County, Indiana is $937 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Howard County in 2020?
In 2020, the median gross rent in Howard County, Indiana was $743 per month.
What is the price-to-rent ratio in Howard County, Indiana?
The price-to-rent ratio in Howard County, Indiana is about 2.6, meaning it would take roughly 2.6 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 Howard County.
Are home prices or rent rising faster in Howard County, Indiana?
Both home prices and rent are rising in Howard County, up about 0.1% and 4.4% a year respectively. Rent is changing faster.
What is the homeownership rate in Howard County, Indiana?
63.0% of households in Howard County, Indiana own their home, lower than the Indiana average of 64.4%.
What is the vacancy rate in Howard County, Indiana?
The housing vacancy rate in Howard County, Indiana is 10.7%, higher than the Indiana average of 8.8%.
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