Randolph County, Indiana Housing Market Prices
Randolph 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 34% below the Indiana median$94,318
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Median rent 32% below the Indiana median Cheaper than 93% of counties in Indiana$722
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Randolph County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $94,318 | $142,738 | $248,835 |
| Price Trend (Annual %) | 6.5% | 7.2% | 7.5% |
| Median Gross Rent | $722 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 2.2% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Randolph County is about 34% lower than in Indiana. Rent is about 32% 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 Randolph County, up about 6.5% and 2.2% a year respectively. Home prices are changing faster.
Median rent in Randolph County rose about 24.7% between 2015 and 2024, from $579 to $722. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Randolph County.
Buying the median-priced home in Randolph County costs roughly 10.9 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 Randolph County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Randolph County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $94,318 | $142,738 | $248,835 |
| Median Household Income | $60,625 | $71,967 | $80,455 |
| Price-to-Income Ratio | 1.6 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Randolph County rose about 53.2%, while median household income rose about 40.9% 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 | Randolph County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.2% | 64.4% | 58.5% |
| Rental Rate | 20.6% | 26.9% | 31.2% |
| Vacancy Rate | 9.2% | 8.8% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Randolph County has a homeownership rate of 70.2%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 9.2%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Randolph County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1960 | 1975 | 1978 |
| Median Number of Rooms | 6.2 | 5.9 | 5.5 |
The typical housing unit in Randolph County was built around 1960. On average, 2.3 people live in a home with about 6.2 rooms, staying for about 17.0 years on average.
Randolph County, IN Housing Compared With Nearby Counties
Randolph County, IN is the 3rd largest of the 5 counties compared here, 24,387 residents against a local median of 43,310. The measure that sets Randolph County, IN apart most is median home price: $94,318, 39% above the local median of $67,717.
The counties themselves spread $59,381 on median home price, so Randolph County, IN sits at one end of an already wide local range rather than apart from it. Randolph County, IN has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Randolph County, IN | 24,387 | $94,318 #1/5 | $722 #4/5 | 77.3% #2/5 |
| Jay County, IN | 20,223 | $75,839 | $769 | 79.9% |
| Wayne County, IN | 66,397 | $62,500 | $815 | 69.2% |
| Delaware County, IN | 112,280 | $72,934 | $905 | 66.5% |
| Blackford County, IN | 11,950 | $16,458 | $698 | 73.9% |
Frequently Asked Questions
Common questions about the housing market in Randolph County, Indiana.
What is the median home price in Randolph County, Indiana?
The median home price in Randolph County, Indiana is $94,318, lower than the Indiana average of $142,738.
What is the average home price in Randolph County, Indiana?
The typical home price in Randolph County, Indiana, reported as the median sale price, is $94,318. 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 Randolph County, Indiana?
The median gross rent in Randolph County, Indiana is $722 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Randolph County in 2020?
In 2020, the median gross rent in Randolph County, Indiana was $692 per month.
What is the price-to-rent ratio in Randolph County, Indiana?
The price-to-rent ratio in Randolph County, Indiana is about 10.9, meaning it would take roughly 10.9 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 Randolph County.
Are home prices or rent rising faster in Randolph County, Indiana?
Both home prices and rent are rising in Randolph County, up about 6.5% and 2.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Randolph County, Indiana?
70.2% of households in Randolph County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Randolph County, Indiana?
The housing vacancy rate in Randolph County, Indiana is 9.2%, higher than the Indiana average of 8.8%.
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