Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | White County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $109,166 | $140,405 | $242,182 |
| Price Trend (Annual %) | 25.2% | 7.9% | 8.2% |
| Median Gross Rent | $852 | $1,020 | $1,342 |
| Rent Trend (Annual %) | 2.9% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in White County is about 22% lower than in Indiana. Rent is about 16% lower than the Indiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in White County, up about 25.2% and 2.9% a year respectively. Home prices are changing faster.
Median rent in White County rose about 25.3% between 2015 and 2023, from $680 to $852. Over the same span, rent in Indiana rose about 37.0%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in White County.
Buying the median-priced home in White County costs roughly 10.7 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 White County. The price-to-rent ratio in Indiana is about 11.5.
| Metric | White County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $109,166 | $140,405 | $242,182 |
| Median Household Income | $65,807 | $70,132 | $78,145 |
| Price-to-Income Ratio | 1.7 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in White County rose about 78.2%, while median household income rose about 49.3% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | White County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.5% | 63.9% | 58.2% |
| Rental Rate | 15.8% | 26.9% | 31.3% |
| Vacancy Rate | 23.7% | 9.2% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
White County has a homeownership rate of 60.5%, lower than the Indiana average of 63.9%. Its housing vacancy rate is 23.7%, compared with 9.2% in Indiana.
Housing Stock
| Metric | White County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.47 people | 2.54 people |
| Median Structure Built Year | 1973 | 1975 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in White County was built around 1973. On average, 2.5 people live in a home with about 6.0 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in White County, Indiana.
What is the median home price in White County, Indiana?
The median home price in White County, Indiana is $109,166, lower than the Indiana average of $140,405.
What is the average home price in White County, Indiana?
The typical home price in %s, reported as the median sale price, is %s. 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 White County, Indiana?
The median gross rent in White County, Indiana is $852 per month, lower than the Indiana average of $1,020.
What was the median gross rent in White County in 2020?
In 2020, the median gross rent in White County, Indiana was $713 per month.
What is the price-to-rent ratio in White County, Indiana?
The price-to-rent ratio in White County, Indiana is about 10.7, meaning it would take roughly 10.7 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 White County.
Are home prices or rent rising faster in White County, Indiana?
Both home prices and rent are rising in White County, up about 25.2% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in White County, Indiana?
60.5% of households in White County, Indiana own their home, lower than the Indiana average of 63.9%.
What is the vacancy rate in White County, Indiana?
The housing vacancy rate in White County, Indiana is 23.7%, higher than the Indiana average of 9.2%.