Vanderburgh County, Indiana Housing Market Prices
Vanderburgh 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 33% below the Indiana median$95,517
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Median rent 7% below the Indiana median More expensive than 76% of counties in Indiana$984
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Vanderburgh County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $95,517 | $142,738 | $248,835 |
| Price Trend (Annual %) | 2.5% | 7.2% | 7.5% |
| Median Gross Rent | $984 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Vanderburgh County is about 33% lower than in Indiana. Rent is about 7% 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 Vanderburgh County, up about 2.5% and 3.9% a year respectively. Rent is changing faster.
Median rent in Vanderburgh County rose about 37.5% between 2015 and 2024, from $716 to $984. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Vanderburgh County.
Buying the median-priced home in Vanderburgh County costs roughly 8.1 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 Vanderburgh County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Vanderburgh County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $95,517 | $142,738 | $248,835 |
| Median Household Income | $61,861 | $71,967 | $80,455 |
| Price-to-Income Ratio | 1.5 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Vanderburgh County rose about 13.7%, while median household income rose about 38.8% 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 | Vanderburgh County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.7% | 64.4% | 58.5% |
| Rental Rate | 32.1% | 26.9% | 31.2% |
| Vacancy Rate | 8.3% | 8.8% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Vanderburgh County has a homeownership rate of 59.7%, lower than the Indiana average of 64.4%. Its housing vacancy rate is 8.3%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Vanderburgh County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.22 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1972 | 1975 | 1978 |
| Median Number of Rooms | 5.4 | 5.9 | 5.5 |
The typical housing unit in Vanderburgh County was built around 1972. On average, 2.2 people live in a home with about 5.4 rooms, staying for about 15.0 years on average.
Vanderburgh County, IN Housing Compared With Nearby Counties
How Vanderburgh County, IN compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Vanderburgh County, IN | 180,116 | $95,517 #2/3 | $984 #2/3 | 65.0% #2/3 |
| Henderson County, KY | 44,257 | $57,499 | $777 | 64.9% |
| Warrick County, IN | 65,261 | $130,787 | $1,061 | 82.4% |
Frequently Asked Questions
Common questions about the housing market in Vanderburgh County, Indiana.
What is the median home price in Vanderburgh County, Indiana?
The median home price in Vanderburgh County, Indiana is $95,517, lower than the Indiana average of $142,738.
What is the average home price in Vanderburgh County, Indiana?
The typical home price in Vanderburgh County, Indiana, reported as the median sale price, is $95,517. 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 Vanderburgh County, Indiana?
The median gross rent in Vanderburgh County, Indiana is $984 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Vanderburgh County in 2020?
In 2020, the median gross rent in Vanderburgh County, Indiana was $815 per month.
What is the price-to-rent ratio in Vanderburgh County, Indiana?
The price-to-rent ratio in Vanderburgh County, Indiana is about 8.1, meaning it would take roughly 8.1 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 Vanderburgh County.
Are home prices or rent rising faster in Vanderburgh County, Indiana?
Both home prices and rent are rising in Vanderburgh County, up about 2.5% and 3.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Vanderburgh County, Indiana?
59.7% of households in Vanderburgh County, Indiana own their home, lower than the Indiana average of 64.4%.
What is the vacancy rate in Vanderburgh County, Indiana?
The housing vacancy rate in Vanderburgh County, Indiana is 8.3%, lower than the Indiana average of 8.8%.
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