Noble County, Indiana Housing Market Prices
Noble 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 44% below the Indiana median Cheaper than 74% of counties in Indiana$79,285
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Median rent 22% below the Indiana median$832
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Noble County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $79,285 | $142,738 | $248,835 |
| Price Trend (Annual %) | -3.0% | 7.2% | 7.5% |
| Median Gross Rent | $832 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Noble County is about 44% lower than in Indiana. Rent is about 22% lower than the Indiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Noble County: home prices fell about 3.0% a year while rent rose about 3.1% a year. That is an unusual pattern worth watching.
Median rent in Noble County rose about 30.1% between 2015 and 2024, from $639 to $832. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Noble County.
Buying the median-priced home in Noble County costs roughly 7.9 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 Noble County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Noble County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $79,285 | $142,738 | $248,835 |
| Median Household Income | $71,042 | $71,967 | $80,455 |
| Price-to-Income Ratio | 1.1 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Noble County fell about 25.5%, while median household income rose about 41.1% 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 | Noble County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.1% | 64.4% | 58.5% |
| Rental Rate | 20.5% | 26.9% | 31.2% |
| Vacancy Rate | 10.4% | 8.8% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Noble County has a homeownership rate of 69.1%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 10.4%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Noble County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.57 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1975 | 1975 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Noble County was built around 1975. On average, 2.6 people live in a home with about 5.9 rooms, staying for about 16.0 years on average.
Noble County, IN Housing Compared With Nearby Counties
Noble County, IN is the 3rd largest of the 5 counties compared here, 47,495 residents against a local median of 60,623. Where Noble County, IN breaks from the counties next to it is median home price, sitting 25% below the local median of $105,720 at $79,285.
The counties themselves spread $42,674 on median home price, so Noble County, IN sits at one end of an already wide local range rather than apart from it. Noble County, IN has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Noble County, IN | 47,495 | $79,285 #5/5 | $832 #5/5 | 77.1% #3/5 |
| LaGrange County, IN | 40,805 | $121,830 | $838 | 83.0% |
| Whitley County, IN | 34,611 | $87,826 | $934 | 81.8% |
| Allen County, IN | 392,386 | $89,611 | $1,021 | 68.9% |
| Kosciusko County, IN | 80,442 | $130,500 | $1,043 | 77.0% |
Frequently Asked Questions
Common questions about the housing market in Noble County, Indiana.
What is the median home price in Noble County, Indiana?
The median home price in Noble County, Indiana is $79,285, lower than the Indiana average of $142,738.
What is the average home price in Noble County, Indiana?
The typical home price in Noble County, Indiana, reported as the median sale price, is $79,285. 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 Noble County, Indiana?
The median gross rent in Noble County, Indiana is $832 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Noble County in 2020?
In 2020, the median gross rent in Noble County, Indiana was $686 per month.
What is the price-to-rent ratio in Noble County, Indiana?
The price-to-rent ratio in Noble County, Indiana is about 7.9, meaning it would take roughly 7.9 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 Noble County.
Are home prices or rent rising faster in Noble County, Indiana?
Home prices and rent are moving in opposite directions in Noble County: home prices fell about 3.0% a year while rent rose about 3.1% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Noble County, Indiana?
69.1% of households in Noble County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Noble County, Indiana?
The housing vacancy rate in Noble County, Indiana is 10.4%, higher than the Indiana average of 8.8%.
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