Delaware County, Indiana Housing Market
In Delaware County, Indiana, the median home value is $139,400, with a median monthly rent of $906. This places Delaware County at #2380 nationally out of 3134 counties by median home value, and #81 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: $1,002
- Establishments: 2,305
- BLS QCEW, 2025
Housing Supply
- Single-family: 94
- Multi-family: 234
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 42,156 (avg $60,832)
- Outflow: 40,374 (avg $61,513)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Delaware County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 47342 | 220.5 | — | 2025 |
| 2 | 47368 | 215.0 | +33.82% | 2025 |
| 3 | 46070 | 162.9 | — | 2025 |
| 4 | 47334 | 206.6 | +6.45% | 2025 |
| 5 | 47396 | 197.2 | +10.07% | 2025 |
| 6 | 47302 | 189.0 | +4.10% | 2025 |
| 7 | 47356 | 218.5 | +13.07% | 2025 |
| 8 | 47383 | 204.2 | +10.44% | 2025 |
| 9 | 46012 | 194.8 | +3.13% | 2025 |
| 10 | 47303 | 188.1 | +1.54% | 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 Delaware County Compares
| Metric | Delaware County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $139,400 | $191,898 | $227,706 |
| Median Gross Rent | $906 | $910 | $968 |
| Owner Occupancy Rate | 66.5% | 76.3% | 73.3% |
| Price/Rent Ratio | 12.8 | 17.5 | 18.7 |
Market Analysis
The median home value in Delaware County is 27.4% below the Indiana state average and 38.8% below the U.S. national average. The median rent of $906/month is about equal to the state average.
With a price-to-rent ratio of 12.8, buying a home in Delaware 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.
Delaware County has an owner-occupancy rate of 66.5%, compared to 76.3% in Indiana and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Sequoyah County | Oklahoma | $139,400 | $811 |
| Brooks County | Georgia | $139,200 | $809 |
| Woods County | Oklahoma | $139,600 | $850 |
| Jones County | South Dakota | $139,600 | $543 |
| Decatur County | Tennessee | $139,600 | $757 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Wayne County | $140,200 | $815 | 69.2% |
| Knox County | $137,700 | $796 | 67.8% |
| Fountain County | $143,400 | $843 | 74.6% |
| Cass County | $133,800 | $783 | 74.3% |
| Sullivan County | $131,100 | $829 | 76.4% |
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).