Switzerland County, Indiana Housing Market Prices
Switzerland 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 215% above the Indiana median Most expensive county in Indiana$450,000
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Median rent 29% below the Indiana median Cheaper than 89% of counties in Indiana$758
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Switzerland County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $142,738 | $248,835 |
| Price Trend (Annual %) | 76.1% | 7.2% | 7.5% |
| Median Gross Rent | $758 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 0.1% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Switzerland County is about 215% higher than in Indiana. Rent is about 29% 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 Switzerland County, up about 76.1% and 0.1% a year respectively. Home prices are changing faster.
Median rent in Switzerland County fell about 3.3% between 2015 and 2024, from $784 to $758. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 6.7 yearly household incomes in Switzerland County.
Buying the median-priced home in Switzerland County costs roughly 49.5 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 Switzerland County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Switzerland County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $142,738 | $248,835 |
| Median Household Income | $67,634 | $71,967 | $80,455 |
| Price-to-Income Ratio | 6.7 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Switzerland County rose about 233.0%, while median household income rose about 43.5% 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 | Switzerland County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.3% | 64.4% | 58.5% |
| Rental Rate | 18.7% | 26.9% | 31.2% |
| Vacancy Rate | 13.0% | 8.8% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Switzerland County has a homeownership rate of 68.3%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 13.0%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Switzerland County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1985 | 1975 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Switzerland County was built around 1985. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 17.0 years on average.
Switzerland County, IN Housing Compared With Nearby Counties
How Switzerland County, IN compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Switzerland County, IN | 9,908 | $450,000 #1/2 | $758 #2/2 | 78.5% #1/2 |
| Boone County, KY | 139,822 | $161,197 | $1,372 | 76.3% |
Frequently Asked Questions
Common questions about the housing market in Switzerland County, Indiana.
What is the median home price in Switzerland County, Indiana?
The median home price in Switzerland County, Indiana is $450,000, higher than the Indiana average of $142,738.
What is the average home price in Switzerland County, Indiana?
The typical home price in Switzerland County, Indiana, reported as the median sale price, is $450,000. 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 Switzerland County, Indiana?
The median gross rent in Switzerland County, Indiana is $758 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Switzerland County in 2020?
In 2020, the median gross rent in Switzerland County, Indiana was $623 per month.
What is the price-to-rent ratio in Switzerland County, Indiana?
The price-to-rent ratio in Switzerland County, Indiana is about 49.5, meaning it would take roughly 49.5 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 Switzerland County.
Are home prices or rent rising faster in Switzerland County, Indiana?
Both home prices and rent are rising in Switzerland County, up about 76.1% and 0.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Switzerland County, Indiana?
68.3% of households in Switzerland County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Switzerland County, Indiana?
The housing vacancy rate in Switzerland County, Indiana is 13.0%, higher than the Indiana average of 8.8%.
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