Knox County, Indiana Housing Market Prices
Knox 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 36% below the Indiana median$90,926
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Median rent 25% below the Indiana median Cheaper than 78% of counties in Indiana$795
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Knox County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $90,926 | $142,738 | $248,835 |
| Price Trend (Annual %) | 10.7% | 7.2% | 7.5% |
| Median Gross Rent | $795 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 2.5% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Knox County is about 36% 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
Both home prices and rent are rising in Knox County, up about 10.7% and 2.5% a year respectively. Home prices are changing faster.
Median rent in Knox County rose about 27.7% between 2015 and 2024, from $623 to $795. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Knox County.
Buying the median-priced home in Knox County costs roughly 9.5 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 Knox County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Knox County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $90,926 | $142,738 | $248,835 |
| Median Household Income | $61,328 | $71,967 | $80,455 |
| Price-to-Income Ratio | 1.5 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Knox County rose about 26.4%, while median household income rose about 47.7% 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 | Knox County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.6% | 64.4% | 58.5% |
| Rental Rate | 28.8% | 26.9% | 31.2% |
| Vacancy Rate | 10.6% | 8.8% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Knox County has a homeownership rate of 60.6%, lower than the Indiana average of 64.4%. Its housing vacancy rate is 10.6%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Knox County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1963 | 1975 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Knox County was built around 1963. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 16.0 years on average.
Knox County, IN Housing Compared With Nearby Counties
How Knox County, IN compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Knox County, IN | 35,997 | $90,926 #3/3 | $795 #3/3 | 67.8% #3/3 |
| Lawrence County, IL | 15,031 | $127,455 | $835 | 71.8% |
| Sullivan County, IN | 20,780 | $91,229 | $829 | 76.4% |
Frequently Asked Questions
Common questions about the housing market in Knox County, Indiana.
What is the median home price in Knox County, Indiana?
The median home price in Knox County, Indiana is $90,926, lower than the Indiana average of $142,738.
What is the average home price in Knox County, Indiana?
The typical home price in Knox County, Indiana, reported as the median sale price, is $90,926. 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 Knox County, Indiana?
The median gross rent in Knox County, Indiana is $795 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Knox County in 2020?
In 2020, the median gross rent in Knox County, Indiana was $684 per month.
What is the price-to-rent ratio in Knox County, Indiana?
The price-to-rent ratio in Knox County, Indiana is about 9.5, meaning it would take roughly 9.5 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 Knox County.
Are home prices or rent rising faster in Knox County, Indiana?
Both home prices and rent are rising in Knox County, up about 10.7% and 2.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Knox County, Indiana?
60.6% of households in Knox County, Indiana own their home, lower than the Indiana average of 64.4%.
What is the vacancy rate in Knox County, Indiana?
The housing vacancy rate in Knox County, Indiana is 10.6%, higher than the Indiana average of 8.8%.
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