Tippecanoe County, Indiana Housing Market Prices
Tippecanoe 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 3% below the Indiana median$137,957
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Median rent 6% above the Indiana median More expensive than 88% of counties in Indiana$1,124
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Tippecanoe County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,957 | $142,738 | $248,835 |
| Price Trend (Annual %) | 5.8% | 7.2% | 7.5% |
| Median Gross Rent | $1,124 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tippecanoe County is about 3% lower than in Indiana. Rent is about 6% higher 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 Tippecanoe County, up about 5.8% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Tippecanoe County rose about 41.6% between 2015 and 2024, from $794 to $1,124. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Tippecanoe County.
Buying the median-priced home in Tippecanoe County costs roughly 10.2 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 Tippecanoe County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Tippecanoe County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,957 | $142,738 | $248,835 |
| Median Household Income | $60,844 | $71,967 | $80,455 |
| Price-to-Income Ratio | 2.3 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Tippecanoe County rose about 39.2%, while median household income rose about 40.3% 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 | Tippecanoe County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.2% | 64.4% | 58.5% |
| Rental Rate | 43.8% | 26.9% | 31.2% |
| Vacancy Rate | 6.0% | 8.8% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Tippecanoe County has a homeownership rate of 50.2%, lower than the Indiana average of 64.4%. Its housing vacancy rate is 6.0%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Tippecanoe County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.28 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1981 | 1975 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Tippecanoe County was built around 1981. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 12.0 years on average.
Tippecanoe County, IN Housing Compared With Nearby Counties
How Tippecanoe County, IN compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Tippecanoe County, IN | 189,071 | $137,957 #2/2 | $1,124 #1/2 | 53.4% #2/2 |
| Clinton County, IN | 32,944 | $201,415 | $920 | 74.2% |
Frequently Asked Questions
Common questions about the housing market in Tippecanoe County, Indiana.
What is the median home price in Tippecanoe County, Indiana?
The median home price in Tippecanoe County, Indiana is $137,957, lower than the Indiana average of $142,738.
What is the average home price in Tippecanoe County, Indiana?
The typical home price in Tippecanoe County, Indiana, reported as the median sale price, is $137,957. 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 Tippecanoe County, Indiana?
The median gross rent in Tippecanoe County, Indiana is $1,124 per month, higher than the Indiana average of $1,062.
What was the median gross rent in Tippecanoe County in 2020?
In 2020, the median gross rent in Tippecanoe County, Indiana was $879 per month.
What is the price-to-rent ratio in Tippecanoe County, Indiana?
The price-to-rent ratio in Tippecanoe County, Indiana is about 10.2, meaning it would take roughly 10.2 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 Tippecanoe County.
Are home prices or rent rising faster in Tippecanoe County, Indiana?
Both home prices and rent are rising in Tippecanoe County, up about 5.8% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tippecanoe County, Indiana?
50.2% of households in Tippecanoe County, Indiana own their home, lower than the Indiana average of 64.4%.
What is the vacancy rate in Tippecanoe County, Indiana?
The housing vacancy rate in Tippecanoe County, Indiana is 6.0%, lower than the Indiana average of 8.8%.
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