Carroll County, Indiana Housing Market
In Carroll County, Indiana, the median home value is $180,900, with a median monthly rent of $890. This places Carroll County at #1623 nationally out of 3134 counties by median home value, and #45 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: $1,028
- Establishments: 421
- BLS QCEW, 2025
Housing Supply
- Single-family: 52
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 8,662 (avg $68,334)
- Outflow: 8,325 (avg $68,863)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Carroll County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 46913 | 215.1 | -12.64% | 2025 |
| 2 | 47920 | 222.7 | -0.27% | 2025 |
| 3 | 46065 | 247.9 | -1.60% | 2025 |
| 4 | 47923 | 236.6 | +7.22% | 2025 |
| 5 | 46932 | 177.1 | +7.27% | 2025 |
| 6 | 46923 | 231.4 | +8.44% | 2025 |
| 7 | 46041 | 225.8 | +5.69% | 2025 |
| 8 | 46947 | 204.0 | +4.31% | 2025 |
| 9 | 47905 | 218.8 | +2.93% | 2025 |
| 10 | 47960 | 240.9 | +1.34% | 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 Carroll County Compares
| Metric | Carroll County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $180,900 | $191,898 | $227,706 |
| Median Gross Rent | $890 | $910 | $968 |
| Owner Occupancy Rate | 82.2% | 76.3% | 73.3% |
| Price/Rent Ratio | 16.9 | 17.5 | 18.7 |
Market Analysis
The median home value in Carroll County is 5.7% below the Indiana state average and 20.6% below the U.S. national average. The median rent of $890/month is 2.2% below the state average.
With a price-to-rent ratio of 16.9, the buy-vs-rent decision in Carroll County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Carroll County has an owner-occupancy rate of 82.2%, 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 |
|---|---|---|---|
| Shawnee County | Kansas | $180,900 | $1,000 |
| Preble County | Ohio | $180,900 | $794 |
| Montgomery County | Ohio | $180,900 | $1,026 |
| Wheatland County | Montana | $180,800 | $730 |
| Murray County | Georgia | $180,700 | $857 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Gibson County | $180,000 | $935 | 76.7% |
| Warren County | $182,500 | $830 | 82.4% |
| Adams County | $178,400 | $833 | 83.5% |
| Jackson County | $178,300 | $1,004 | 73.2% |
| Vanderburgh County | $184,000 | $985 | 65.0% |
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).