Steuben County, Indiana Housing Market Prices
Steuben 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 54% below the Indiana median Cheaper than 79% of counties in Indiana$65,908
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Median rent 12% below the Indiana median$933
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Steuben County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $65,908 | $142,738 | $248,835 |
| Price Trend (Annual %) | 4.5% | 7.2% | 7.5% |
| Median Gross Rent | $933 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Steuben County is about 54% lower than in Indiana. Rent is about 12% 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 Steuben County, up about 4.5% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Steuben County rose about 38.4% between 2015 and 2024, from $674 to $933. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Steuben County.
Buying the median-priced home in Steuben County costs roughly 5.9 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 Steuben County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Steuben County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $65,908 | $142,738 | $248,835 |
| Median Household Income | $74,906 | $71,967 | $80,455 |
| Price-to-Income Ratio | 0.9 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Steuben County fell about 19.7%, while median household income rose about 49.2% 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 | Steuben County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.2% | 64.4% | 58.5% |
| Rental Rate | 15.0% | 26.9% | 31.2% |
| Vacancy Rate | 26.7% | 8.8% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Steuben County has a homeownership rate of 58.2%, lower than the Indiana average of 64.4%. Its housing vacancy rate is 26.7%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Steuben County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.37 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1977 | 1975 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Steuben County was built around 1977. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 16.0 years on average.
Steuben County, IN Housing Compared With Nearby Counties
Steuben County, IN is the smallest of the 5 counties compared here, 34,726 residents against a local median of 43,052. The measure that sets Steuben County, IN apart most is median home price: $65,909, 39% below the local median of $107,561.
The counties themselves sit within $24,772 of each other on median home price, a tighter band than the gap between any of them and Steuben County, IN, which makes it a genuine outlier here rather than one end of a wide local spread. Steuben County, IN has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Steuben County, IN | 34,726 | $65,909 #5/5 | $933 #2/5 | 79.5% #3/5 |
| Branch County, MI | 45,300 | $97,058 | $958 | 77.7% |
| Williams County, OH | 36,719 | $115,123 | $791 | 76.3% |
| LaGrange County, IN | 40,805 | $121,830 | $838 | 83.0% |
| Hillsdale County, MI | 45,654 | $100,000 | $832 | 82.0% |
Frequently Asked Questions
Common questions about the housing market in Steuben County, Indiana.
What is the median home price in Steuben County, Indiana?
The median home price in Steuben County, Indiana is $65,909, lower than the Indiana average of $142,738.
What is the average home price in Steuben County, Indiana?
The typical home price in Steuben County, Indiana, reported as the median sale price, is $65,909. 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 Steuben County, Indiana?
The median gross rent in Steuben County, Indiana is $933 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Steuben County in 2020?
In 2020, the median gross rent in Steuben County, Indiana was $792 per month.
What is the price-to-rent ratio in Steuben County, Indiana?
The price-to-rent ratio in Steuben County, Indiana is about 5.9, meaning it would take roughly 5.9 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 Steuben County.
Are home prices or rent rising faster in Steuben County, Indiana?
Both home prices and rent are rising in Steuben County, up about 4.5% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Steuben County, Indiana?
58.2% of households in Steuben County, Indiana own their home, lower than the Indiana average of 64.4%.
What is the vacancy rate in Steuben County, Indiana?
The housing vacancy rate in Steuben County, Indiana is 26.7%, higher than the Indiana average of 8.8%.
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