Jennings County, Indiana Housing Market
In Jennings County, Indiana, the median home value is $161,500, with a median monthly rent of $988. This places Jennings County at #1988 nationally out of 3134 counties by median home value, and #63 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: $981
- Establishments: 434
- BLS QCEW, 2025
Housing Supply
- Single-family: 77
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 11,248 (avg $56,832)
- Outflow: 10,972 (avg $56,785)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Jennings County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 47037 | 234.3 | — | 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 Jennings County Compares
| Metric | Jennings County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $161,500 | $191,898 | $227,706 |
| Median Gross Rent | $988 | $910 | $968 |
| Owner Occupancy Rate | 78.8% | 76.3% | 73.3% |
| Price/Rent Ratio | 13.6 | 17.5 | 18.7 |
Market Analysis
The median home value in Jennings County is 15.8% below the Indiana state average and 29.1% below the U.S. national average. The median rent of $988/month is 8.6% above the state average.
With a price-to-rent ratio of 13.6, buying a home in Jennings 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.
Jennings County has an owner-occupancy rate of 78.8%, 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 |
|---|---|---|---|
| Kiowa County | Colorado | $161,500 | $800 |
| Mason County | Kentucky | $161,500 | $727 |
| Vance County | North Carolina | $161,500 | $883 |
| Roberts County | Texas | $161,500 | $859 |
| Huntington County | Indiana | $161,600 | $879 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Huntington County | $161,600 | $879 | 77.4% |
| Madison County | $161,300 | $939 | 70.2% |
| Perry County | $163,400 | $682 | 75.5% |
| Martin County | $159,400 | $697 | 78.5% |
| Clinton County | $164,100 | $920 | 74.2% |
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).