Owen County, Indiana Housing Market
In Owen County, Indiana, the median home value is $172,400, with a median monthly rent of $911. This places Owen County at #1754 nationally out of 3134 counties by median home value, and #54 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: $1,208
- Establishments: 366
- BLS QCEW, 2025
Housing Supply
- Single-family: 122
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 8,732 (avg $59,522)
- Outflow: 8,292 (avg $59,500)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Owen County Compares
| Metric | Owen County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $172,400 | $191,898 | $227,706 |
| Median Gross Rent | $911 | $910 | $968 |
| Owner Occupancy Rate | 81.4% | 76.3% | 73.3% |
| Price/Rent Ratio | 15.8 | 17.5 | 18.7 |
Market Analysis
The median home value in Owen County is 10.2% below the Indiana state average and 24.3% below the U.S. national average. The median rent of $911/month is about equal to the state average.
With a price-to-rent ratio of 15.8, the buy-vs-rent decision in Owen County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Owen County has an owner-occupancy rate of 81.4%, 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 |
|---|---|---|---|
| Lawrence County | Alabama | $172,300 | $753 |
| Allamakee County | Iowa | $172,300 | $796 |
| Wyandotte County | Kansas | $172,300 | $1,122 |
| Essex County | Vermont | $172,500 | $827 |
| Washington County | Indiana | $172,200 | $780 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Washington County | $172,200 | $780 | 82.1% |
| Montgomery County | $171,800 | $858 | 80.3% |
| Newton County | $171,500 | $918 | 81.1% |
| Union County | $173,500 | $760 | 79.8% |
| Tipton County | $174,600 | $842 | 81.4% |
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).