Vigo County, Indiana Housing Market Prices
Vigo 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 55% below the Indiana median Cheaper than 81% of counties in Indiana$64,620
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Median rent 13% below the Indiana median$924
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Vigo County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $64,620 | $142,738 | $248,835 |
| Price Trend (Annual %) | 4.9% | 7.2% | 7.5% |
| Median Gross Rent | $924 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Vigo County is about 55% lower than in Indiana. Rent is about 13% 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 Vigo County, up about 4.9% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Vigo County rose about 34.4% between 2015 and 2024, from $687 to $924. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Vigo County.
Buying the median-priced home in Vigo County costs roughly 5.8 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 Vigo County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Vigo County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $64,620 | $142,738 | $248,835 |
| Median Household Income | $52,462 | $71,967 | $80,455 |
| Price-to-Income Ratio | 1.2 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Vigo County fell about 7.8%, while median household income rose about 34.6% 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 | Vigo County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.8% | 64.4% | 58.5% |
| Rental Rate | 34.6% | 26.9% | 31.2% |
| Vacancy Rate | 9.6% | 8.8% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Vigo County has a homeownership rate of 55.8%, lower than the Indiana average of 64.4%. Its housing vacancy rate is 9.6%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Vigo County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1969 | 1975 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Vigo County was built around 1969. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 15.0 years on average.
Vigo County, IN Housing Compared With Nearby Counties
Vigo County, IN is the largest of the 5 counties compared here, 106,109 residents against a local median of 15,913. Vigo County, IN's median home price, at $64,620, runs 30% below the $92,810 typical of the counties around it.
Homeownership tells the same story from another angle: 61.7% against a local median of 78.3%, 21% below it. The one measure here that carries a verdict is homeownership, and at 21% below the local median it puts Vigo County, IN at the weaker end of the local range. The counties themselves spread $117,082 on median home price, so Vigo County, IN sits at one end of an already wide local range rather than apart from it. Vigo County, IN has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Vigo County, IN | 106,109 | $64,620 #4/5 | $924 #1/5 | 61.7% #5/5 |
| Sullivan County, IN | 20,780 | $91,229 | $829 | 76.4% |
| Parke County, IN | 16,406 | $54,111 | $704 | 82.4% |
| Clark County, IL | 15,265 | $171,192 | $860 | 80.3% |
| Vermillion County, IN | 15,421 | $94,390 | $749 | 75.3% |
Frequently Asked Questions
Common questions about the housing market in Vigo County, Indiana.
What is the median home price in Vigo County, Indiana?
The median home price in Vigo County, Indiana is $64,620, lower than the Indiana average of $142,738.
What is the average home price in Vigo County, Indiana?
The typical home price in Vigo County, Indiana, reported as the median sale price, is $64,620. 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 Vigo County, Indiana?
The median gross rent in Vigo County, Indiana is $924 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Vigo County in 2020?
In 2020, the median gross rent in Vigo County, Indiana was $760 per month.
What is the price-to-rent ratio in Vigo County, Indiana?
The price-to-rent ratio in Vigo County, Indiana is about 5.8, meaning it would take roughly 5.8 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 Vigo County.
Are home prices or rent rising faster in Vigo County, Indiana?
Both home prices and rent are rising in Vigo County, up about 4.9% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Vigo County, Indiana?
55.8% of households in Vigo County, Indiana own their home, lower than the Indiana average of 64.4%.
What is the vacancy rate in Vigo County, Indiana?
The housing vacancy rate in Vigo County, Indiana is 9.6%, higher than the Indiana average of 8.8%.
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