Grant County, Indiana Housing Market
In Grant County, Indiana, the median home value is $122,300, with a median monthly rent of $853. This places Grant County at #2592 nationally out of 3134 counties by median home value, and #87 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: $992
- Establishments: 1,220
- BLS QCEW, 2025
Housing Supply
- Single-family: 36
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 25,555 (avg $56,337)
- Outflow: 24,553 (avg $56,770)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 8 active ZIP codes in Grant County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 46986 | 226.7 | +14.70% | 2025 |
| 2 | 46938 | 198.4 | +26.23% | 2025 |
| 3 | 46928 | 202.2 | +12.79% | 2025 |
| 4 | 46933 | 225.1 | +3.75% | 2025 |
| 5 | 46953 | 164.2 | -3.79% | 2025 |
| 6 | 46919 | 203.1 | +8.53% | 2025 |
| 7 | 46036 | 210.1 | +1.54% | 2025 |
| 8 | 46940 | 257.2 | +0.36% | 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 Grant County Compares
| Metric | Grant County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $122,300 | $191,898 | $227,706 |
| Median Gross Rent | $853 | $910 | $968 |
| Owner Occupancy Rate | 72.7% | 76.3% | 73.3% |
| Price/Rent Ratio | 11.9 | 17.5 | 18.7 |
Market Analysis
The median home value in Grant County is 36.3% below the Indiana state average and 46.3% below the U.S. national average. The median rent of $853/month is 6.3% below the state average.
With a price-to-rent ratio of 11.9, buying a home in Grant 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.
Grant County has an owner-occupancy rate of 72.7%, 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 |
|---|---|---|---|
| Yalobusha County | Mississippi | $122,300 | $667 |
| Clinton County | Kentucky | $122,200 | $617 |
| Avoyelles Parish | Louisiana | $122,400 | $757 |
| Simpson County | Mississippi | $122,200 | $852 |
| Kent County | Texas | $122,200 | $675 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Miami County | $126,200 | $838 | 76.2% |
| Crawford County | $117,700 | $686 | 81.3% |
| Jay County | $117,500 | $770 | 79.9% |
| Fayette County | $130,700 | $791 | 72.1% |
| 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).