Benton County, Indiana Housing Market
In Benton County, Indiana, the median home value is $151,000, with a median monthly rent of $774. This places Benton County at #2216 nationally out of 3134 counties by median home value, and #77 within Indiana.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,130
- Establishments: 184
- BLS QCEW, 2025
Housing Supply
- Single-family: 6
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,616 (avg $61,827)
- Outflow: 3,454 (avg $63,038)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Benton County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 47944 | 256.2 | +11.26% | 2025 |
| 2 | 47971 | 260.9 | +7.64% | 2025 |
| 3 | 47977 | 233.6 | — | 2025 |
| 4 | 47970 | 181.8 | +6.75% | 2023 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
🔗 Explore Benton County on Our Sister Sites
Get the complete picture for Benton County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Benton County Compares
| Metric | Benton County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $151,000 | $191,898 | $227,706 |
| Median Gross Rent | $774 | $910 | $968 |
| Owner Occupancy Rate | 79.8% | 76.3% | 73.3% |
| Price/Rent Ratio | 16.3 | 17.5 | 18.7 |
Market Analysis
The median home value in Benton County is 21.3% below the Indiana state average and 33.7% below the U.S. national average. The median rent of $774/month is 14.9% below the state average.
With a price-to-rent ratio of 16.3, the buy-vs-rent decision in Benton County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Benton County has an owner-occupancy rate of 79.8%, compared to 76.3% in Indiana and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Fillmore County | Nebraska | $151,000 | $716 |
| McHenry County | North Dakota | $151,000 | $713 |
| Pleasants County | West Virginia | $151,000 | $715 |
| Hot Spring County | Arkansas | $151,100 | $768 |
| Ford County | Kansas | $151,100 | $1,010 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Parke County | $151,200 | $704 | 82.4% |
| Clay County | $153,000 | $873 | 80.9% |
| Greene County | $153,200 | $797 | 77.0% |
| Vigo County | $148,500 | $924 | 61.7% |
| Henry County | $154,400 | $820 | 76.2% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).