Miami County, Indiana Housing Market
In Miami County, Indiana, the median home value is $126,200, with a median monthly rent of $838. This places Miami County at #2531 nationally out of 3134 counties by median home value, and #86 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: $952
- Establishments: 585
- BLS QCEW, 2025
Housing Supply
- Single-family: 48
- Multi-family: 36
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 13,805 (avg $54,877)
- Outflow: 13,315 (avg $55,436)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Miami County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 46992 | 208.0 | +3.77% | 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 Miami County Compares
| Metric | Miami County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $126,200 | $191,898 | $227,706 |
| Median Gross Rent | $838 | $910 | $968 |
| Owner Occupancy Rate | 76.2% | 76.3% | 73.3% |
| Price/Rent Ratio | 12.5 | 17.5 | 18.7 |
Market Analysis
The median home value in Miami County is 34.2% below the Indiana state average and 44.6% below the U.S. national average. The median rent of $838/month is 7.9% below the state average.
With a price-to-rent ratio of 12.5, buying a home in Miami 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.
Miami County has an owner-occupancy rate of 76.2%, 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 |
|---|---|---|---|
| Cumberland County | Illinois | $126,000 | $772 |
| Jefferson County | Illinois | $126,000 | $885 |
| Barton County | Kansas | $126,400 | $761 |
| Fayette County | Alabama | $125,900 | $667 |
| Cheyenne County | Kansas | $125,900 | $656 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Grant County | $122,300 | $853 | 72.7% |
| Fayette County | $130,700 | $791 | 72.1% |
| Sullivan County | $131,100 | $829 | 76.4% |
| Cass County | $133,800 | $783 | 74.3% |
| Crawford County | $117,700 | $686 | 81.3% |
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).