Jeffersonville, Indiana Housing Market Prices
Jeffersonville 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 61% above the Indiana median$229,152
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Median rent 7% above the Indiana median$1,141
Housing Market Overview
| Metric | Jeffersonville | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $229,152 | $142,738 | $248,835 |
| Price Trend (Annual %) | 9.8% | 7.2% | 7.5% |
| Median Gross Rent | $1,141 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jeffersonville is about 61% higher than in Indiana. Rent is about 7% 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 Jeffersonville, up about 9.8% and 5.1% a year respectively. Home prices are changing faster.
Median rent in Jeffersonville rose about 51.5% between 2015 and 2024, from $753 to $1,141. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Jeffersonville.
Buying the median-priced home in Jeffersonville costs roughly 16.7 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 Jeffersonville. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Jeffersonville | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $229,152 | $142,738 | $248,835 |
| Median Household Income | $69,336 | $71,967 | $80,455 |
| Price-to-Income Ratio | 3.3 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Jeffersonville rose about 92.1%, while median household income rose about 40.7% 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 | Jeffersonville | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.0% | 64.4% | 58.5% |
| Rental Rate | 26.6% | 26.9% | 31.2% |
| Vacancy Rate | 7.4% | 8.8% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Jeffersonville has a homeownership rate of 66.0%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 7.4%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Jeffersonville | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1982 | 1975 | 1978 |
| Median Number of Rooms | 5.4 | 5.9 | 5.5 |
The typical housing unit in Jeffersonville was built around 1982. On average, 2.3 people live in a home with about 5.4 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Jeffersonville, Indiana.
What is the median home price in Jeffersonville, Indiana?
The median home price in Jeffersonville, Indiana is $229,152, higher than the Indiana average of $142,738.
What is the average home price in Jeffersonville, Indiana?
The typical home price in Jeffersonville, Indiana, reported as the median sale price, is $229,152. 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 Jeffersonville, Indiana?
The median gross rent in Jeffersonville, Indiana is $1,141 per month, higher than the Indiana average of $1,062.
What was the median gross rent in Jeffersonville in 2020?
In 2020, the median gross rent in Jeffersonville, Indiana was $874 per month.
What is the price-to-rent ratio in Jeffersonville, Indiana?
The price-to-rent ratio in Jeffersonville, Indiana is about 16.7, meaning it would take roughly 16.7 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 Jeffersonville.
Are home prices or rent rising faster in Jeffersonville, Indiana?
Both home prices and rent are rising in Jeffersonville, up about 9.8% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Jeffersonville, Indiana?
66.0% of households in Jeffersonville, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Jeffersonville, Indiana?
The housing vacancy rate in Jeffersonville, Indiana is 7.4%, lower than the Indiana average of 8.8%.
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