Owen County, Indiana Housing Market Prices
Owen 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 114% above the Indiana median More expensive than 93% of counties in Indiana$305,556
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Median rent 14% below the Indiana median$911
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Owen County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $305,556 | $142,738 | $248,835 |
| Price Trend (Annual %) | 28.3% | 7.2% | 7.5% |
| Median Gross Rent | $911 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Owen County is about 114% higher than in Indiana. Rent is about 14% 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 Owen County, up about 28.3% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Owen County rose about 34.4% between 2015 and 2024, from $678 to $911. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in Owen County.
Buying the median-priced home in Owen County costs roughly 28.0 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 Owen County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Owen County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $305,556 | $142,738 | $248,835 |
| Median Household Income | $64,192 | $71,967 | $80,455 |
| Price-to-Income Ratio | 4.8 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Owen County rose about 307.4%, while median household income rose about 37.7% 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 | Owen County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.7% | 64.4% | 58.5% |
| Rental Rate | 16.2% | 26.9% | 31.2% |
| Vacancy Rate | 13.1% | 8.8% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Owen County has a homeownership rate of 70.7%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 13.1%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Owen County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1980 | 1975 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Owen County was built around 1980. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 15.0 years on average.
Owen County, IN Housing Compared With Nearby Counties
Owen County, IN is the smallest of the 4 counties compared here, 21,604 residents against a local median of 72,659. The measure that sets Owen County, IN apart most is median home price: $305,556, 50% above the local median of $204,327.
The counties themselves spread $82,474 on median home price, so Owen County, IN sits at one end of an already wide local range rather than apart from it. Owen County, IN has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Owen County, IN | 21,604 | $305,556 #1/4 | $911 #3/4 | 81.4% #2/4 |
| Monroe County, IN | 140,965 | $252,326 | $1,192 | 54.0% |
| Putnam County, IN | 37,280 | $204,327 | $883 | 75.4% |
| Morgan County, IN | 72,659 | $169,852 | $1,042 | 82.1% |
Frequently Asked Questions
Common questions about the housing market in Owen County, Indiana.
What is the median home price in Owen County, Indiana?
The median home price in Owen County, Indiana is $305,556, higher than the Indiana average of $142,738.
What is the average home price in Owen County, Indiana?
The typical home price in Owen County, Indiana, reported as the median sale price, is $305,556. 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 Owen County, Indiana?
The median gross rent in Owen County, Indiana is $911 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Owen County in 2020?
In 2020, the median gross rent in Owen County, Indiana was $708 per month.
What is the price-to-rent ratio in Owen County, Indiana?
The price-to-rent ratio in Owen County, Indiana is about 28.0, meaning it would take roughly 28.0 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 Owen County.
Are home prices or rent rising faster in Owen County, Indiana?
Both home prices and rent are rising in Owen County, up about 28.3% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Owen County, Indiana?
70.7% of households in Owen County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Owen County, Indiana?
The housing vacancy rate in Owen County, Indiana is 13.1%, higher than the Indiana average of 8.8%.
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