Jay County, Indiana Housing Market
In Jay County, Indiana, the median home value is $117,500, with a median monthly rent of $770. This places Jay County at #2683 nationally out of 3134 counties by median home value, and #89 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: $961
- Establishments: 405
- BLS QCEW, 2025
Housing Supply
- Single-family: 25
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 7,953 (avg $55,608)
- Outflow: 7,719 (avg $55,933)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Jay County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 47371 | 192.9 | -0.45% | 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 Jay County Compares
| Metric | Jay County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $117,500 | $191,898 | $227,706 |
| Median Gross Rent | $770 | $910 | $968 |
| Owner Occupancy Rate | 79.9% | 76.3% | 73.3% |
| Price/Rent Ratio | 12.7 | 17.5 | 18.7 |
Market Analysis
The median home value in Jay County is 38.8% below the Indiana state average and 48.4% below the U.S. national average. The median rent of $770/month is 15.4% below the state average.
With a price-to-rent ratio of 12.7, buying a home in Jay 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.
Jay County has an owner-occupancy rate of 79.9%, 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 |
|---|---|---|---|
| Cross County | Arkansas | $117,500 | $764 |
| Carroll County | Missouri | $117,500 | $822 |
| Rock County | Nebraska | $117,500 | $644 |
| Sevier County | Arkansas | $117,600 | $751 |
| Webster County | Nebraska | $117,600 | $647 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Crawford County | $117,700 | $686 | 81.3% |
| Randolph County | $113,400 | $723 | 77.3% |
| Vermillion County | $113,100 | $750 | 75.2% |
| Grant County | $122,300 | $853 | 72.7% |
| Miami County | $126,200 | $838 | 76.2% |
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).