Tipton County, Indiana Housing Market Prices
Tipton 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 45% below the Indiana median Cheaper than 75% of counties in Indiana$78,332
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Median rent 21% below the Indiana median$841
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Tipton County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $78,332 | $142,738 | $248,835 |
| Price Trend (Annual %) | 21.0% | 7.2% | 7.5% |
| Median Gross Rent | $841 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 2.2% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tipton County is about 45% lower than in Indiana. Rent is about 21% 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 Tipton County, up about 21.0% and 2.2% a year respectively. Home prices are changing faster.
Median rent in Tipton County rose about 21.1% between 2015 and 2024, from $695 to $841. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Tipton County.
Buying the median-priced home in Tipton County costs roughly 7.8 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 Tipton County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Tipton County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $78,332 | $142,738 | $248,835 |
| Median Household Income | $76,091 | $71,967 | $80,455 |
| Price-to-Income Ratio | 1.0 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Tipton County rose about 150.7%, while median household income rose about 45.9% 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 | Tipton County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.5% | 64.4% | 58.5% |
| Rental Rate | 17.0% | 26.9% | 31.2% |
| Vacancy Rate | 8.5% | 8.8% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Tipton County has a homeownership rate of 74.5%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 8.5%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Tipton County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1968 | 1975 | 1978 |
| Median Number of Rooms | 6.4 | 5.9 | 5.5 |
The typical housing unit in Tipton County was built around 1968. On average, 2.4 people live in a home with about 6.4 rooms, staying for about 15.0 years on average.
Tipton County, IN Housing Compared With Nearby Counties
Tipton County, IN is the smallest of the 6 counties compared here, 15,346 residents against a local median of 83,752. Tipton County, IN's median home price, at $78,332, runs 40% below the $129,779 typical of the counties around it.
The counties themselves spread $309,398 on median home price, so Tipton County, IN sits at one end of an already wide local range rather than apart from it. Tipton County, IN has the 4th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Tipton County, IN | 15,346 | $78,332 #4/6 | $841 #6/6 | 81.4% #1/6 |
| Howard County, IN | 83,752 | $29,604 | $937 | 70.6% |
| Hamilton County, IN | 365,056 | $339,003 | $1,574 | 76.1% |
| Madison County, IN | 131,900 | $129,779 | $939 | 70.2% |
| Clinton County, IN | 32,944 | $201,415 | $920 | 74.2% |
| Grant County, IN | 66,295 | $45,724 | $852 | 72.7% |
Frequently Asked Questions
Common questions about the housing market in Tipton County, Indiana.
What is the median home price in Tipton County, Indiana?
The median home price in Tipton County, Indiana is $78,332, lower than the Indiana average of $142,738.
What is the average home price in Tipton County, Indiana?
The typical home price in Tipton County, Indiana, reported as the median sale price, is $78,332. 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 Tipton County, Indiana?
The median gross rent in Tipton County, Indiana is $841 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Tipton County in 2020?
In 2020, the median gross rent in Tipton County, Indiana was $770 per month.
What is the price-to-rent ratio in Tipton County, Indiana?
The price-to-rent ratio in Tipton County, Indiana is about 7.8, meaning it would take roughly 7.8 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 Tipton County.
Are home prices or rent rising faster in Tipton County, Indiana?
Both home prices and rent are rising in Tipton County, up about 21.0% and 2.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tipton County, Indiana?
74.5% of households in Tipton County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Tipton County, Indiana?
The housing vacancy rate in Tipton County, Indiana is 8.5%, lower than the Indiana average of 8.8%.
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