Valparaiso, Indiana Housing Market Prices
Valparaiso 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 271% above the Indiana median$529,972
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Median rent 12% above the Indiana median$1,187
Housing Market Overview
| Metric | Valparaiso | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $529,972 | $142,738 | $248,835 |
| Price Trend (Annual %) | 562.8% | 7.2% | 7.5% |
| Median Gross Rent | $1,187 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Valparaiso is about 271% higher than in Indiana. Rent is about 12% 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 Valparaiso, up about 562.8% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Valparaiso rose about 39.8% between 2015 and 2024, from $849 to $1,187. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 7.7 yearly household incomes in Valparaiso.
Buying the median-priced home in Valparaiso costs roughly 37.2 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 Valparaiso. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Valparaiso | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $529,972 | $142,738 | $248,835 |
| Median Household Income | $69,085 | $71,967 | $80,455 |
| Price-to-Income Ratio | 7.7 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Valparaiso rose about 436.4%, while median household income rose about 36.4% 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 | Valparaiso | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.6% | 64.4% | 58.5% |
| Rental Rate | 36.8% | 26.9% | 31.2% |
| Vacancy Rate | 6.6% | 8.8% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Valparaiso has a homeownership rate of 56.6%, lower than the Indiana average of 64.4%. Its housing vacancy rate is 6.6%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Valparaiso | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1979 | 1975 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Valparaiso was built around 1979. On average, 2.2 people live in a home with about 5.5 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Valparaiso, Indiana.
What is the median home price in Valparaiso, Indiana?
The median home price in Valparaiso, Indiana is $529,972, higher than the Indiana average of $142,738.
What is the average home price in Valparaiso, Indiana?
The typical home price in Valparaiso, Indiana, reported as the median sale price, is $529,972. 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 Valparaiso, Indiana?
The median gross rent in Valparaiso, Indiana is $1,187 per month, higher than the Indiana average of $1,062.
What was the median gross rent in Valparaiso in 2020?
In 2020, the median gross rent in Valparaiso, Indiana was $928 per month.
What is the price-to-rent ratio in Valparaiso, Indiana?
The price-to-rent ratio in Valparaiso, Indiana is about 37.2, meaning it would take roughly 37.2 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 Valparaiso.
Are home prices or rent rising faster in Valparaiso, Indiana?
Both home prices and rent are rising in Valparaiso, up about 562.8% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Valparaiso, Indiana?
56.6% of households in Valparaiso, Indiana own their home, lower than the Indiana average of 64.4%.
What is the vacancy rate in Valparaiso, Indiana?
The housing vacancy rate in Valparaiso, Indiana is 6.6%, lower than the Indiana average of 8.8%.
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