Washington County, Indiana Housing Market Prices
Washington 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 1% below the Indiana median$141,810
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Median rent 27% below the Indiana median Cheaper than 82% of counties in Indiana$779
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Washington County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $141,810 | $142,738 | $248,835 |
| Price Trend (Annual %) | 3.2% | 7.2% | 7.5% |
| Median Gross Rent | $779 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 2.7% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Washington County is about 1% lower than in Indiana. Rent is about 27% 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 Washington County, up about 3.2% and 2.7% a year respectively. Home prices are changing faster.
Median rent in Washington County rose about 25.2% between 2015 and 2024, from $622 to $779. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Washington County.
Buying the median-priced home in Washington County costs roughly 15.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Washington County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Washington County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $141,810 | $142,738 | $248,835 |
| Median Household Income | $65,237 | $71,967 | $80,455 |
| Price-to-Income Ratio | 2.2 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Washington County rose about 30.9%, while median household income rose about 51.5% 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 | Washington County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.4% | 64.4% | 58.5% |
| Rental Rate | 16.5% | 26.9% | 31.2% |
| Vacancy Rate | 8.1% | 8.8% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Washington County has a homeownership rate of 75.4%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 8.1%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Washington County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1981 | 1975 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Washington County was built around 1981. On average, 2.5 people live in a home with about 6.0 rooms, staying for about 18.0 years on average.
Washington County, IN Housing Compared With Nearby Counties
Washington County, IN is the smallest of the 4 counties compared here, 28,212 residents against a local median of 46,660. Washington County, IN's median rent, at $779, runs 22% below the $1,004 typical of the counties around it.
Median home price tells the same story from another angle: $141,810 against a local median of $167,253, 15% below it. The counties themselves spread $200 on median rent, so Washington County, IN sits at one end of an already wide local range rather than apart from it. Washington County, IN has the 4th highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Washington County, IN | 28,212 | $141,810 #4/4 | $779 #4/4 | 82.1% #2/4 |
| Jackson County, IN | 46,660 | $164,655 | $1,004 | 73.2% |
| Floyd County, IN | 80,920 | $388,053 | $1,036 | 73.2% |
| Harrison County, IN | 39,866 | $167,253 | $836 | 83.6% |
Frequently Asked Questions
Common questions about the housing market in Washington County, Indiana.
What is the median home price in Washington County, Indiana?
The median home price in Washington County, Indiana is $141,810, lower than the Indiana average of $142,738.
What is the average home price in Washington County, Indiana?
The typical home price in Washington County, Indiana, reported as the median sale price, is $141,810. 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 Washington County, Indiana?
The median gross rent in Washington County, Indiana is $779 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Washington County in 2020?
In 2020, the median gross rent in Washington County, Indiana was $658 per month.
What is the price-to-rent ratio in Washington County, Indiana?
The price-to-rent ratio in Washington County, Indiana is about 15.2, meaning it would take roughly 15.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Washington County.
Are home prices or rent rising faster in Washington County, Indiana?
Both home prices and rent are rising in Washington County, up about 3.2% and 2.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Washington County, Indiana?
75.4% of households in Washington County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Washington County, Indiana?
The housing vacancy rate in Washington County, Indiana is 8.1%, lower than the Indiana average of 8.8%.
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