Zionsville, Indiana Housing Market Prices
Zionsville 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.
-
Median home price 71% above the Indiana median$243,869
-
Median rent 70% above the Indiana median$1,806
Housing Market Overview
| Metric | Zionsville | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $243,869 | $142,738 | $248,835 |
| Price Trend (Annual %) | 4.0% | 7.2% | 7.5% |
| Median Gross Rent | $1,806 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Zionsville is about 71% higher than in Indiana. Rent is about 70% higher 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 Zionsville, up about 4.0% and 5.2% a year respectively. Rent is changing faster.
Median rent in Zionsville rose about 51.5% between 2015 and 2024, from $1,192 to $1,806. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Zionsville.
Buying the median-priced home in Zionsville costs roughly 11.3 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 Zionsville. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Zionsville | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $243,869 | $142,738 | $248,835 |
| Median Household Income | $149,746 | $71,967 | $80,455 |
| Price-to-Income Ratio | 1.6 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Zionsville rose about 12.4%, while median household income rose about 44.8% 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 | Zionsville | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 78.3% | 64.4% | 58.5% |
| Rental Rate | 19.0% | 26.9% | 31.2% |
| Vacancy Rate | 2.7% | 8.8% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Zionsville has a homeownership rate of 78.3%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 2.7%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Zionsville | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.67 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1999 | 1975 | 1978 |
| Median Number of Rooms | 8.0 | 5.9 | 5.5 |
The typical housing unit in Zionsville was built around 1999. On average, 2.7 people live in a home with about 8.0 rooms, staying for about 12.0 years on average.
Zionsville, IN Housing Compared With Nearby Cities
How Zionsville, IN compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Zionsville, IN | 37,637 | $243,869 #1/2 | $1,806 #1/2 | 80.4% #1/2 |
| Brownsburg, IN | 24,482 | $202,764 | $1,444 | 76.6% |
Frequently Asked Questions
Common questions about the housing market in Zionsville, Indiana.
What is the median home price in Zionsville, Indiana?
The median home price in Zionsville, Indiana is $243,869, higher than the Indiana average of $142,738.
What is the average home price in Zionsville, Indiana?
The typical home price in Zionsville, Indiana, reported as the median sale price, is $243,869. 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 Zionsville, Indiana?
The median gross rent in Zionsville, Indiana is $1,806 per month, higher than the Indiana average of $1,062.
What was the median gross rent in Zionsville in 2020?
In 2020, the median gross rent in Zionsville, Indiana was $1,394 per month.
What is the price-to-rent ratio in Zionsville, Indiana?
The price-to-rent ratio in Zionsville, Indiana is about 11.3, meaning it would take roughly 11.3 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 Zionsville.
Are home prices or rent rising faster in Zionsville, Indiana?
Both home prices and rent are rising in Zionsville, up about 4.0% and 5.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Zionsville, Indiana?
78.3% of households in Zionsville, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Zionsville, Indiana?
The housing vacancy rate in Zionsville, Indiana is 2.7%, lower than the Indiana average of 8.8%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →