Sullivan County, Indiana Housing Market Prices
Sullivan 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 36% below the Indiana median$91,229
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Median rent 22% below the Indiana median Cheaper than 71% of counties in Indiana$829
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Sullivan County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $91,229 | $142,738 | $248,835 |
| Price Trend (Annual %) | 22.0% | 7.2% | 7.5% |
| Median Gross Rent | $829 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sullivan County is about 36% lower than in Indiana. Rent is about 22% 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 Sullivan County, up about 22.0% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Sullivan County rose about 25.4% between 2015 and 2024, from $661 to $829. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Sullivan County.
Buying the median-priced home in Sullivan County costs roughly 9.2 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 Sullivan County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Sullivan County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $91,229 | $142,738 | $248,835 |
| Median Household Income | $57,359 | $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 Sullivan County rose about 19.0%, while median household income rose about 32.5% 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 | Sullivan County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.1% | 64.4% | 58.5% |
| Rental Rate | 21.0% | 26.9% | 31.2% |
| Vacancy Rate | 10.9% | 8.8% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Sullivan County has a homeownership rate of 68.1%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 10.9%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Sullivan County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1971 | 1975 | 1978 |
| Median Number of Rooms | 5.9 | 5.9 | 5.5 |
The typical housing unit in Sullivan County was built around 1971. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 17.0 years on average.
Sullivan County, IN Housing Compared With Nearby Counties
Sullivan County, IN is the 3rd largest of the 4 counties compared here, 20,780 residents against a local median of 35,997. Nothing separates Sullivan County, IN sharply from the counties around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is homeownership, 13% above the local median at 76.4% against 67.8%. Sullivan County, IN has the 2nd highest homeownership of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Sullivan County, IN | 20,780 | $91,229 #2/4 | $829 #3/4 | 76.4% #2/4 |
| Vigo County, IN | 106,109 | $64,620 | $924 | 61.7% |
| Knox County, IN | 35,997 | $90,926 | $795 | 67.8% |
| Clark County, IL | 15,265 | $171,192 | $860 | 80.3% |
Frequently Asked Questions
Common questions about the housing market in Sullivan County, Indiana.
What is the median home price in Sullivan County, Indiana?
The median home price in Sullivan County, Indiana is $91,229, lower than the Indiana average of $142,738.
What is the average home price in Sullivan County, Indiana?
The typical home price in Sullivan County, Indiana, reported as the median sale price, is $91,229. 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 Sullivan County, Indiana?
The median gross rent in Sullivan County, Indiana is $829 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Sullivan County in 2020?
In 2020, the median gross rent in Sullivan County, Indiana was $660 per month.
What is the price-to-rent ratio in Sullivan County, Indiana?
The price-to-rent ratio in Sullivan County, Indiana is about 9.2, meaning it would take roughly 9.2 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 Sullivan County.
Are home prices or rent rising faster in Sullivan County, Indiana?
Both home prices and rent are rising in Sullivan County, up about 22.0% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sullivan County, Indiana?
68.1% of households in Sullivan County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Sullivan County, Indiana?
The housing vacancy rate in Sullivan County, Indiana is 10.9%, higher than the Indiana average of 8.8%.
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