Housing Market Overview

Housing market data including home prices, rent costs, affordability metrics, and housing stock characteristics.

$69,594
$878

Housing Market Overview

Metric Vigo County Indiana Avg US Average
Median Home Price $69,594 $140,405 $242,182
Price Trend (Annual %) 6.6% 7.9% 8.2%
Median Gross Rent $878 $1,020 $1,342
Rent Trend (Annual %) 3.5% 4.3% 5.1%
Household Income Trend (Annual %)

Housing Cost & Rent Trends

Median Home Price Over Time
Vigo County
Indiana
United States
Year Vigo County Indiana United States
Median Rent Over Time
Vigo County
Indiana
United States
Year Vigo County Indiana United States

Affordability

On average, housing unit costs 1.3 yearly household incomes in Vigo County.

Metric Vigo County Indiana Avg US Average
Median Home Price $69,594 $140,405 $242,182
Median Household Income $52,606 $70,132 $78,145
Price-to-Income Ratio 1.3 2.0 3.1
Home Prices vs Income Over Time
Home Prices
Household Income
Income Growth vs Housing Cost Growth (Year-over-Year %)

Compare income and housing cost trends.

Household Income Growth %
Housing Cost Growth %
Year Income Growth % Housing Cost Growth % Gap (Cost - Income)

Occupancy & Tenure

Metric Vigo County Indiana Avg US Average
Homeownership Rate 57.5% 63.9% 58.2%
Rental Rate 33.3% 26.9% 31.3%
Vacancy Rate 9.3% 9.2% 10.6%
Median Tenure (years) 15.0 15.0 15.0
Median Year Moved In 2011 2011 2011

Housing Stock

Metric Vigo County Indiana Avg US Average
Average Household Size 2.34 people 2.47 people 2.54 people
Median Structure Built Year 1968 1975 1978
Median Number of Rooms 5.5 5.9 5.5