Howard County, Indiana Housing Market
In Howard County, Indiana, the median home value is $165,000, with a median monthly rent of $937. This places Howard County at #1905 nationally out of 3134 counties by median home value, and #59 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: $1,263
- Establishments: 1,882
- BLS QCEW, 2025
Housing Supply
- Single-family: 106
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 36,213 (avg $63,415)
- Outflow: 34,638 (avg $64,082)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Howard County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 46068 | 215.3 | +16.37% | 2025 |
| 2 | 46902 | 186.0 | +4.47% | 2025 |
| 3 | 46936 | 188.1 | +7.25% | 2025 |
| 4 | 46076 | 201.7 | — | 2024 |
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.
🔗 Explore Howard County on Our Sister Sites
Get the complete picture for Howard County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Howard County Compares
| Metric | Howard County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $165,000 | $191,898 | $227,706 |
| Median Gross Rent | $937 | $910 | $968 |
| Owner Occupancy Rate | 70.6% | 76.3% | 73.3% |
| Price/Rent Ratio | 14.7 | 17.5 | 18.7 |
Market Analysis
The median home value in Howard County is 14.0% below the Indiana state average and 27.5% below the U.S. national average. The median rent of $937/month is 3.0% above the state average.
With a price-to-rent ratio of 14.7, buying a home in Howard 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.
Howard County has an owner-occupancy rate of 70.6%, 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 |
|---|---|---|---|
| Haskell County | Kansas | $165,100 | $830 |
| Robertson County | Kentucky | $165,100 | $548 |
| Logan County | Kentucky | $164,900 | $751 |
| Glacier County | Montana | $165,100 | $548 |
| Holt County | Nebraska | $165,100 | $714 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Clinton County | $164,100 | $920 | 74.2% |
| Perry County | $163,400 | $682 | 75.5% |
| Rush County | $166,800 | $873 | 74.9% |
| Huntington County | $161,600 | $879 | 77.4% |
| Jennings County | $161,500 | $988 | 78.8% |
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).