Perry County, Indiana Housing Market Prices
Perry 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 57% below the Indiana median Cheaper than 84% of counties in Indiana$61,000
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Median rent 36% below the Indiana median Cheapest county in Indiana$681
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Perry County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $61,000 | $142,738 | $248,835 |
| Price Trend (Annual %) | 22.0% | 7.2% | 7.5% |
| Median Gross Rent | $681 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 2.1% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Perry County is about 57% lower than in Indiana. Rent is about 36% 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 Perry County, up about 22.0% and 2.1% a year respectively. Home prices are changing faster.
Median rent in Perry County rose about 12.1% between 2015 and 2024, from $607 to $681. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Perry County.
Buying the median-priced home in Perry County costs roughly 7.5 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 Perry County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Perry County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $61,000 | $142,738 | $248,835 |
| Median Household Income | $60,570 | $71,967 | $80,455 |
| Price-to-Income Ratio | 1.0 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Perry County fell about 15.4%, while median household income rose about 33.3% 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 | Perry County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.1% | 64.4% | 58.5% |
| Rental Rate | 22.1% | 26.9% | 31.2% |
| Vacancy Rate | 9.8% | 8.8% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Perry County has a homeownership rate of 68.1%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 9.8%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Perry County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1978 | 1975 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Perry County was built around 1978. On average, 2.3 people live in a home with about 5.6 rooms, staying for about 18.0 years on average.
Perry County, IN Housing Compared With Nearby Counties
Perry County, IN is typical in size for this group, 19,268 residents against a local median of 19,953, so the measures below are close to a like for like comparison. Where Perry County, IN breaks from the counties next to it is median home price, sitting 64% below the local median of $169,349 at $61,000.
The counties themselves sit within $8,894 of each other on median home price, a tighter band than the gap between any of them and Perry County, IN, which makes it a genuine outlier here rather than one end of a wide local spread. Perry County, IN has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Perry County, IN | 19,268 | $61,000 #4/4 | $681 #4/4 | 75.5% #4/4 |
| Crawford County, IN | 10,499 | $163,571 | $686 | 81.3% |
| Breckinridge County, KY | 20,880 | $172,465 | $732 | 81.4% |
| Spencer County, IN | 19,953 | $169,349 | $751 | 81.3% |
Frequently Asked Questions
Common questions about the housing market in Perry County, Indiana.
What is the median home price in Perry County, Indiana?
The median home price in Perry County, Indiana is $61,000, lower than the Indiana average of $142,738.
What is the average home price in Perry County, Indiana?
The typical home price in Perry County, Indiana, reported as the median sale price, is $61,000. 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 Perry County, Indiana?
The median gross rent in Perry County, Indiana is $681 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Perry County in 2020?
In 2020, the median gross rent in Perry County, Indiana was $549 per month.
What is the price-to-rent ratio in Perry County, Indiana?
The price-to-rent ratio in Perry County, Indiana is about 7.5, meaning it would take roughly 7.5 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 Perry County.
Are home prices or rent rising faster in Perry County, Indiana?
Both home prices and rent are rising in Perry County, up about 22.0% and 2.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Perry County, Indiana?
68.1% of households in Perry County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Perry County, Indiana?
The housing vacancy rate in Perry County, Indiana is 9.8%, higher than the Indiana average of 8.8%.
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