Blackford County, Indiana Housing Market
In Blackford County, Indiana, the median home value is $107,500, with a median monthly rent of $699. This places Blackford County at #2826 nationally out of 3134 counties by median home value, and #92 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: $970
- Establishments: 239
- BLS QCEW, 2025
Housing Supply
- Single-family: 17
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,943 (avg $54,521)
- Outflow: 4,815 (avg $54,603)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Blackford County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 46989 | 217.5 | -2.01% | 2025 |
| 2 | 47348 | 207.9 | +2.57% | 2025 |
| 3 | 47336 | 255.8 | — | 2025 |
| 4 | 46952 | 191.4 | +9.86% | 2025 |
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.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Blackford County Compares
| Metric | Blackford County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $107,500 | $191,898 | $227,706 |
| Median Gross Rent | $699 | $910 | $968 |
| Owner Occupancy Rate | 73.9% | 76.3% | 73.3% |
| Price/Rent Ratio | 12.8 | 17.5 | 18.7 |
Market Analysis
The median home value in Blackford County is 44.0% below the Indiana state average and 52.8% below the U.S. national average. The median rent of $699/month is 23.2% below the state average.
With a price-to-rent ratio of 12.8, buying a home in Blackford County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Blackford County has an owner-occupancy rate of 73.9%, 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 |
|---|---|---|---|
| McDonough County | Illinois | $107,500 | $761 |
| Marengo County | Alabama | $107,400 | $716 |
| Dooly County | Georgia | $107,400 | $758 |
| Allen County | Kansas | $107,600 | $720 |
| Wayne County | Missouri | $107,400 | $665 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Vermillion County | $113,100 | $750 | 75.2% |
| Randolph County | $113,400 | $723 | 77.3% |
| Jay County | $117,500 | $770 | 79.9% |
| Crawford County | $117,700 | $686 | 81.3% |
| Grant County | $122,300 | $853 | 72.7% |
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).