Warrick County, Indiana Housing Market Prices
Warrick 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 8% below the Indiana median$130,787
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Median rent About the same as the Indiana median More expensive than 86% of counties in Indiana$1,061
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Warrick County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $130,787 | $142,738 | $248,835 |
| Price Trend (Annual %) | 5.2% | 7.2% | 7.5% |
| Median Gross Rent | $1,061 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Warrick County is about 8% lower than in Indiana. Rent follows a similar pattern, running close to 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 Warrick County, up about 5.2% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Warrick County rose about 37.6% between 2015 and 2024, from $771 to $1,061. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Warrick County.
Buying the median-priced home in Warrick County costs roughly 10.3 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 Warrick County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Warrick County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $130,787 | $142,738 | $248,835 |
| Median Household Income | $91,714 | $71,967 | $80,455 |
| Price-to-Income Ratio | 1.4 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Warrick County rose about 2.0%, while median household income rose about 45.3% 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 | Warrick County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 77.1% | 64.4% | 58.5% |
| Rental Rate | 16.5% | 26.9% | 31.2% |
| Vacancy Rate | 6.4% | 8.8% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Warrick County has a homeownership rate of 77.1%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 6.4%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Warrick County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1979 | 1975 | 1978 |
| Median Number of Rooms | 6.2 | 5.9 | 5.5 |
The typical housing unit in Warrick County was built around 1979. On average, 2.6 people live in a home with about 6.2 rooms, staying for about 15.0 years on average.
Warrick County, IN Housing Compared With Nearby Counties
Warrick County, IN is the 3rd largest of the 4 counties compared here, 65,261 residents against a local median of 103,589. Where Warrick County, IN breaks from the counties next to it is median home price, sitting 23% below the local median of $169,349 at $130,787.
Homeownership tells the same story from another angle: 82.4% against a local median of 68.1%, 21% above it. The one measure here that carries a verdict is homeownership, and at 21% above the local median it puts Warrick County, IN at the better end of the local range. The counties themselves spread $116,854 on median home price, so Warrick County, IN sits at one end of an already wide local range rather than apart from it. Warrick County, IN has the 3rd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Warrick County, IN | 65,261 | $130,787 #3/4 | $1,061 #1/4 | 82.4% #1/4 |
| Spencer County, IN | 19,953 | $169,349 | $751 | 81.3% |
| Vanderburgh County, IN | 180,116 | $95,517 | $984 | 65.0% |
| Daviess County, KY | 103,589 | $212,371 | $918 | 68.1% |
Frequently Asked Questions
Common questions about the housing market in Warrick County, Indiana.
What is the median home price in Warrick County, Indiana?
The median home price in Warrick County, Indiana is $130,787, lower than the Indiana average of $142,738.
What is the average home price in Warrick County, Indiana?
The typical home price in Warrick County, Indiana, reported as the median sale price, is $130,787. 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 Warrick County, Indiana?
The median gross rent in Warrick County, Indiana is $1,061 per month, about the same as the Indiana average.
What was the median gross rent in Warrick County in 2020?
In 2020, the median gross rent in Warrick County, Indiana was $894 per month.
What is the price-to-rent ratio in Warrick County, Indiana?
The price-to-rent ratio in Warrick County, Indiana is about 10.3, meaning it would take roughly 10.3 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 Warrick County.
Are home prices or rent rising faster in Warrick County, Indiana?
Both home prices and rent are rising in Warrick County, up about 5.2% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Warrick County, Indiana?
77.1% of households in Warrick County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Warrick County, Indiana?
The housing vacancy rate in Warrick County, Indiana is 6.4%, lower than the Indiana average of 8.8%.
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