Hamilton County, Indiana Housing Market
In Hamilton County, Indiana, the median home value is $405,500, with a median monthly rent of $1,574. This places Hamilton County at #279 nationally out of 3134 counties by median home value, and #1 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: $1,415
- Establishments: 13,556
- BLS QCEW, 2025
Housing Supply
- Single-family: 2,934
- Multi-family: 1,212
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 146,288 (avg $163,007)
- Outflow: 139,037 (avg $164,475)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Hamilton County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 46030 | 276.0 | +11.39% | 2025 |
| 2 | 46055 | 229.6 | +3.30% | 2025 |
| 3 | 46280 | 272.9 | +6.99% | 2025 |
| 4 | 46040 | 261.9 | +7.33% | 2025 |
| 5 | 46034 | 264.5 | +1.06% | 2025 |
| 6 | 46060 | 254.8 | +2.43% | 2025 |
| 7 | 46074 | 256.7 | +6.63% | 2025 |
| 8 | 46032 | 271.7 | +6.42% | 2025 |
| 9 | 46062 | 253.5 | +4.06% | 2025 |
| 10 | 46250 | 226.9 | +1.49% | 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 Hamilton County Compares
| Metric | Hamilton County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $405,500 | $191,898 | $227,706 |
| Median Gross Rent | $1,574 | $910 | $968 |
| Owner Occupancy Rate | 76.1% | 76.3% | 73.3% |
| Price/Rent Ratio | 21.5 | 17.5 | 18.7 |
Market Analysis
The median home value in Hamilton County is 111.3% above the Indiana state average and 78.1% above the U.S. national average. The median rent of $1,574/month is 73.0% above the state average.
With a price-to-rent ratio of 21.5, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Hamilton County has an owner-occupancy rate of 76.1%, 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 |
|---|---|---|---|
| Stillwater County | Montana | $405,800 | $961 |
| Spotsylvania County | Virginia | $404,900 | $1,779 |
| Dawson County | Georgia | $406,700 | $1,626 |
| Josephine County | Oregon | $404,300 | $1,194 |
| Mecklenburg County | North Carolina | $406,800 | $1,627 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Boone County | $376,200 | $1,359 | 78.8% |
| Hendricks County | $307,600 | $1,436 | 78.2% |
| Monroe County | $285,200 | $1,193 | 54.0% |
| Johnson County | $284,600 | $1,271 | 72.7% |
| Porter County | $281,500 | $1,219 | 77.7% |
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).