Miami County, Indiana Housing Market Prices
Miami 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 60% below the Indiana median Cheaper than 86% of counties in Indiana$57,177
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Median rent 21% below the Indiana median$838
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Miami County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $57,177 | $142,738 | $248,835 |
| Price Trend (Annual %) | -0.0% | 7.2% | 7.5% |
| Median Gross Rent | $838 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Miami County is about 60% lower than in Indiana. Rent is about 21% 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 falling in Miami County, down about 0.0% and 2.9% a year respectively. Rent is changing faster.
Median rent in Miami County rose about 28.7% between 2015 and 2024, from $651 to $838. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Miami County.
Buying the median-priced home in Miami County costs roughly 5.7 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 Miami County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Miami County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $57,177 | $142,738 | $248,835 |
| Median Household Income | $61,107 | $71,967 | $80,455 |
| Price-to-Income Ratio | 0.9 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Miami County fell about 23.0%, while median household income rose about 50.3% 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 | Miami County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.8% | 64.4% | 58.5% |
| Rental Rate | 21.2% | 26.9% | 31.2% |
| Vacancy Rate | 10.9% | 8.8% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Miami County has a homeownership rate of 67.8%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 10.9%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Miami County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1961 | 1975 | 1978 |
| Median Number of Rooms | 6.3 | 5.9 | 5.5 |
The typical housing unit in Miami County was built around 1961. On average, 2.5 people live in a home with about 6.3 rooms, staying for about 18.0 years on average.
Miami County, IN Housing Compared With Nearby Counties
Miami County, IN is typical in size for this group, 35,712 residents against a local median of 37,680, so the measures below are close to a like for like comparison. Miami County, IN sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is median rent, 7% above the local median at $838 against $783. Miami County, IN has the 2nd highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Miami County, IN | 35,712 | $57,177 #2/4 | $838 #2/4 | 76.2% #2/4 |
| Wabash County, IN | 30,844 | $92,826 | $761 | 80.5% |
| Howard County, IN | 83,752 | $29,604 | $937 | 70.6% |
| Cass County, IN | 37,680 | $54,000 | $783 | 74.3% |
Frequently Asked Questions
Common questions about the housing market in Miami County, Indiana.
What is the median home price in Miami County, Indiana?
The median home price in Miami County, Indiana is $57,177, lower than the Indiana average of $142,738.
What is the average home price in Miami County, Indiana?
The typical home price in Miami County, Indiana, reported as the median sale price, is $57,177. 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 Miami County, Indiana?
The median gross rent in Miami County, Indiana is $838 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Miami County in 2020?
In 2020, the median gross rent in Miami County, Indiana was $712 per month.
What is the price-to-rent ratio in Miami County, Indiana?
The price-to-rent ratio in Miami County, Indiana is about 5.7, meaning it would take roughly 5.7 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 Miami County.
Are home prices or rent rising faster in Miami County, Indiana?
Both home prices and rent are falling in Miami County, down about 0.0% and 2.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Miami County, Indiana?
67.8% of households in Miami County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Miami County, Indiana?
The housing vacancy rate in Miami County, Indiana is 10.9%, higher than the Indiana average of 8.8%.
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