Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Kosciusko County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $136,184 | $140,405 | $242,182 |
| Price Trend (Annual %) | 6.4% | 7.9% | 8.2% |
| Median Gross Rent | $994 | $1,020 | $1,342 |
| Rent Trend (Annual %) | 4.4% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kosciusko County is about 3% lower than in Indiana. Rent is about 3% lower than the Indiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Kosciusko County, up about 6.4% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Kosciusko County rose about 39.3% between 2015 and 2023, from $713 to $994. Over the same span, rent in Indiana rose about 37.0%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Kosciusko County.
Buying the median-priced home in Kosciusko County costs roughly 11.4 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 Kosciusko County. The price-to-rent ratio in Indiana is about 11.5.
| Metric | Kosciusko County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $136,184 | $140,405 | $242,182 |
| Median Household Income | $73,919 | $70,132 | $78,145 |
| Price-to-Income Ratio | 1.8 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Kosciusko County rose about 23.0%, while median household income rose about 48.1% between 2009 and 2023 — 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 | Kosciusko County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.3% | 63.9% | 58.2% |
| Rental Rate | 18.9% | 26.9% | 31.3% |
| Vacancy Rate | 17.7% | 9.2% | 10.6% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Kosciusko County has a homeownership rate of 63.3%, lower than the Indiana average of 63.9%. Its housing vacancy rate is 17.7%, compared with 9.2% in Indiana.
Housing Stock
| Metric | Kosciusko County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.47 people | 2.54 people |
| Median Structure Built Year | 1978 | 1975 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Kosciusko County was built around 1978. On average, 2.5 people live in a home with about 6.0 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Kosciusko County, Indiana.
What is the median home price in Kosciusko County, Indiana?
The median home price in Kosciusko County, Indiana is $136,184, lower than the Indiana average of $140,405.
What is the average home price in Kosciusko County, Indiana?
The typical home price in %s, reported as the median sale price, is %s. 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 Kosciusko County, Indiana?
The median gross rent in Kosciusko County, Indiana is $994 per month, lower than the Indiana average of $1,020.
What was the median gross rent in Kosciusko County in 2020?
In 2020, the median gross rent in Kosciusko County, Indiana was $800 per month.
What is the price-to-rent ratio in Kosciusko County, Indiana?
The price-to-rent ratio in Kosciusko County, Indiana is about 11.4, meaning it would take roughly 11.4 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 Kosciusko County.
Are home prices or rent rising faster in Kosciusko County, Indiana?
Both home prices and rent are rising in Kosciusko County, up about 6.4% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Kosciusko County, Indiana?
63.3% of households in Kosciusko County, Indiana own their home, lower than the Indiana average of 63.9%.
What is the vacancy rate in Kosciusko County, Indiana?
The housing vacancy rate in Kosciusko County, Indiana is 17.7%, higher than the Indiana average of 9.2%.