Floyd County, Indiana Housing Market
In Floyd County, Indiana, the median home value is $251,000, with a median monthly rent of $1,036. This places Floyd County at #882 nationally out of 3134 counties by median home value, and #10 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: $1,111
- Establishments: 2,084
- BLS QCEW, 2025
Housing Supply
- Single-family: 216
- Multi-family: 160
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 33,677 (avg $92,840)
- Outflow: 32,298 (avg $94,992)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 5 active ZIP codes in Floyd County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 47124 | 243.7 | +9.07% | 2025 |
| 2 | 47117 | 235.1 | +10.22% | 2025 |
| 3 | 47122 | 234.9 | +3.97% | 2025 |
| 4 | 47136 | 239.8 | +13.73% | 2025 |
| 5 | 47164 | 221.6 | -1.14% | 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 Floyd County Compares
| Metric | Floyd County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $251,000 | $191,898 | $227,706 |
| Median Gross Rent | $1,036 | $910 | $968 |
| Owner Occupancy Rate | 73.2% | 76.3% | 73.3% |
| Price/Rent Ratio | 20.2 | 17.5 | 18.7 |
Market Analysis
The median home value in Floyd County is 30.8% above the Indiana state average and 10.2% above the U.S. national average. The median rent of $1,036/month is 13.8% above the state average.
With a price-to-rent ratio of 20.2, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Floyd County has an owner-occupancy rate of 73.2%, 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 |
|---|---|---|---|
| Gooding County | Idaho | $250,900 | $880 |
| Jack County | Texas | $251,200 | $960 |
| Jefferson Parish | Louisiana | $251,400 | $1,190 |
| Racine County | Wisconsin | $251,400 | $1,080 |
| Sweetwater County | Wyoming | $251,400 | $911 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Franklin County | $249,500 | $870 | 81.5% |
| LaGrange County | $255,900 | $839 | 83.0% |
| Dearborn County | $243,400 | $845 | 85.2% |
| Warrick County | $242,500 | $1,061 | 82.4% |
| Tippecanoe County | $239,300 | $1,124 | 53.4% |
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).