Jennings County, Indiana Housing Market Prices
Jennings 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 24% below the Indiana median$109,091
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Median rent 7% below the Indiana median More expensive than 78% of counties in Indiana$987
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Jennings County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $109,091 | $142,738 | $248,835 |
| Price Trend (Annual %) | 6.3% | 7.2% | 7.5% |
| Median Gross Rent | $987 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jennings County is about 24% lower than in Indiana. Rent is about 7% 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 Jennings County, up about 6.3% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Jennings County rose about 42.1% between 2015 and 2024, from $695 to $987. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Jennings County.
Buying the median-priced home in Jennings County costs roughly 9.2 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 Jennings County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Jennings County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $109,091 | $142,738 | $248,835 |
| Median Household Income | $70,375 | $71,967 | $80,455 |
| Price-to-Income Ratio | 1.6 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Jennings County rose about 42.3%, while median household income rose about 59.6% 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 | Jennings County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.5% | 64.4% | 58.5% |
| Rental Rate | 19.8% | 26.9% | 31.2% |
| Vacancy Rate | 6.7% | 8.8% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Jennings County has a homeownership rate of 73.5%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 6.7%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Jennings County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1979 | 1975 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Jennings County was built around 1979. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Jennings County, IN Housing Compared With Nearby Counties
Jennings County, IN is typical in size for this group, 27,562 residents against a local median of 31,047, so the measures below are close to a like for like comparison. The measure that sets Jennings County, IN apart most is median home price: $109,091, 32% below the local median of $160,196.
The counties themselves spread $110,505 on median home price, so Jennings County, IN sits at one end of an already wide local range rather than apart from it. Jennings County, IN has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Jennings County, IN | 27,562 | $109,091 #4/5 | $987 #2/5 | 78.8% #1/5 |
| Jefferson County, IN | 32,998 | $171,710 | $889 | 71.8% |
| Decatur County, IN | 26,422 | $202,778 | $861 | 76.1% |
| Bartholomew County, IN | 83,536 | $148,683 | $1,127 | 69.3% |
| Ripley County, IN | 29,095 | $92,272 | $838 | 76.8% |
Frequently Asked Questions
Common questions about the housing market in Jennings County, Indiana.
What is the median home price in Jennings County, Indiana?
The median home price in Jennings County, Indiana is $109,091, lower than the Indiana average of $142,738.
What is the average home price in Jennings County, Indiana?
The typical home price in Jennings County, Indiana, reported as the median sale price, is $109,091. 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 Jennings County, Indiana?
The median gross rent in Jennings County, Indiana is $987 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Jennings County in 2020?
In 2020, the median gross rent in Jennings County, Indiana was $835 per month.
What is the price-to-rent ratio in Jennings County, Indiana?
The price-to-rent ratio in Jennings County, Indiana is about 9.2, meaning it would take roughly 9.2 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 Jennings County.
Are home prices or rent rising faster in Jennings County, Indiana?
Both home prices and rent are rising in Jennings County, up about 6.3% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Jennings County, Indiana?
73.5% of households in Jennings County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Jennings County, Indiana?
The housing vacancy rate in Jennings County, Indiana is 6.7%, lower than the Indiana average of 8.8%.
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