Parke County, Indiana Housing Market
In Parke County, Indiana, the median home value is $151,200, with a median monthly rent of $704. This places Parke County at #2209 nationally out of 3134 counties by median home value, and #76 within Indiana.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $854
- Establishments: 284
- BLS QCEW, 2025
Housing Supply
- Single-family: 59
- Multi-family: 4
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,091 (avg $62,714)
- Outflow: 5,879 (avg $62,225)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Parke County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 46135 | 235.8 | +4.30% | 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.
🔗 Explore Parke County on Our Sister Sites
Get the complete picture for Parke County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Parke County Compares
| Metric | Parke County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $151,200 | $191,898 | $227,706 |
| Median Gross Rent | $704 | $910 | $968 |
| Owner Occupancy Rate | 82.4% | 76.3% | 73.3% |
| Price/Rent Ratio | 17.9 | 17.5 | 18.7 |
Market Analysis
The median home value in Parke County is 21.2% below the Indiana state average and 33.6% below the U.S. national average. The median rent of $704/month is 22.6% below the state average.
With a price-to-rent ratio of 17.9, the buy-vs-rent decision in Parke County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Parke County has an owner-occupancy rate of 82.4%, 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 |
|---|---|---|---|
| Hardin County | Ohio | $151,200 | $793 |
| Fairfield County | South Carolina | $151,200 | $938 |
| Weakley County | Tennessee | $151,200 | $803 |
| Hot Spring County | Arkansas | $151,100 | $768 |
| Ford County | Kansas | $151,100 | $1,010 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Benton County | $151,000 | $774 | 79.8% |
| Clay County | $153,000 | $873 | 80.9% |
| Greene County | $153,200 | $797 | 77.0% |
| Vigo County | $148,500 | $924 | 61.7% |
| Henry County | $154,400 | $820 | 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).