Noblesville, Indiana Housing Market Prices
Noblesville 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 177% above the Indiana median$394,788
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Median rent 28% above the Indiana median$1,359
Housing Market Overview
| Metric | Noblesville | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $394,788 | $142,738 | $248,835 |
| Price Trend (Annual %) | 12.9% | 7.2% | 7.5% |
| Median Gross Rent | $1,359 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Noblesville is about 177% higher than in Indiana. Rent is about 28% higher 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 Noblesville, up about 12.9% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Noblesville rose about 53.6% between 2015 and 2024, from $885 to $1,359. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 3.9 yearly household incomes in Noblesville.
Buying the median-priced home in Noblesville costs roughly 24.2 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Noblesville. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Noblesville | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $394,788 | $142,738 | $248,835 |
| Median Household Income | $102,138 | $71,967 | $80,455 |
| Price-to-Income Ratio | 3.9 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Noblesville rose about 249.5%, while median household income rose about 34.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Noblesville | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.2% | 64.4% | 58.5% |
| Rental Rate | 26.0% | 26.9% | 31.2% |
| Vacancy Rate | 5.8% | 8.8% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Noblesville has a homeownership rate of 68.2%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 5.8%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Noblesville | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.62 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1996 | 1975 | 1978 |
| Median Number of Rooms | 6.7 | 5.9 | 5.5 |
The typical housing unit in Noblesville was built around 1996. On average, 2.6 people live in a home with about 6.7 rooms, staying for about 11.0 years on average.
Noblesville, IN Housing Compared With Nearby Cities
How Noblesville, IN compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Noblesville, IN | 54,784 | $394,788 #1/3 | $1,359 #3/3 | 72.4% #3/3 |
| Fishers, IN | 84,547 | $283,936 | $1,609 | 74.5% |
| Westfield, IN | 44,969 | $367,829 | $1,642 | 79.1% |
Frequently Asked Questions
Common questions about the housing market in Noblesville, Indiana.
What is the median home price in Noblesville, Indiana?
The median home price in Noblesville, Indiana is $394,788, higher than the Indiana average of $142,738.
What is the average home price in Noblesville, Indiana?
The typical home price in Noblesville, Indiana, reported as the median sale price, is $394,788. 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 Noblesville, Indiana?
The median gross rent in Noblesville, Indiana is $1,359 per month, higher than the Indiana average of $1,062.
What was the median gross rent in Noblesville in 2020?
In 2020, the median gross rent in Noblesville, Indiana was $1,034 per month.
What is the price-to-rent ratio in Noblesville, Indiana?
The price-to-rent ratio in Noblesville, Indiana is about 24.2, meaning it would take roughly 24.2 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Noblesville.
Are home prices or rent rising faster in Noblesville, Indiana?
Both home prices and rent are rising in Noblesville, up about 12.9% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Noblesville, Indiana?
68.2% of households in Noblesville, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Noblesville, Indiana?
The housing vacancy rate in Noblesville, Indiana is 5.8%, lower than the Indiana average of 8.8%.
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