Randolph County, Indiana Housing Market
In Randolph County, Indiana, the median home value is $113,400, with a median monthly rent of $723. This places Randolph County at #2748 nationally out of 3134 counties by median home value, and #90 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: $1,065
- Establishments: 534
- BLS QCEW, 2025
Housing Supply
- Single-family: 18
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 10,090 (avg $57,803)
- Outflow: 9,710 (avg $58,410)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Randolph County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 47340 | 225.3 | +10.50% | 2025 |
| 2 | 47394 | 194.3 | -3.53% | 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 Randolph County Compares
| Metric | Randolph County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $113,400 | $191,898 | $227,706 |
| Median Gross Rent | $723 | $910 | $968 |
| Owner Occupancy Rate | 77.3% | 76.3% | 73.3% |
| Price/Rent Ratio | 13.1 | 17.5 | 18.7 |
Market Analysis
The median home value in Randolph County is 40.9% below the Indiana state average and 50.2% below the U.S. national average. The median rent of $723/month is 20.5% below the state average.
With a price-to-rent ratio of 13.1, buying a home in Randolph 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.
Randolph County has an owner-occupancy rate of 77.3%, 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 |
|---|---|---|---|
| Jefferson County | Arkansas | $113,400 | $888 |
| Sheridan County | Nebraska | $113,400 | $738 |
| Little River County | Arkansas | $113,500 | $697 |
| Telfair County | Georgia | $113,300 | $712 |
| Oregon County | Missouri | $113,300 | $639 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Vermillion County | $113,100 | $750 | 75.2% |
| Jay County | $117,500 | $770 | 79.9% |
| Crawford County | $117,700 | $686 | 81.3% |
| Blackford County | $107,500 | $699 | 73.9% |
| Grant County | $122,300 | $853 | 72.7% |
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).