Ripley County, Indiana Housing Market
In Ripley County, Indiana, the median home value is $222,500, with a median monthly rent of $839. This places Ripley County at #1160 nationally out of 3134 counties by median home value, and #23 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: $1,048
- Establishments: 764
- BLS QCEW, 2025
Housing Supply
- Single-family: 83
- Multi-family: 5
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 12,171 (avg $73,052)
- Outflow: 11,713 (avg $73,401)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Ripley County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 47042 | 227.4 | +19.65% | 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 Ripley County Compares
| Metric | Ripley County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $222,500 | $191,898 | $227,706 |
| Median Gross Rent | $839 | $910 | $968 |
| Owner Occupancy Rate | 76.8% | 76.3% | 73.3% |
| Price/Rent Ratio | 22.1 | 17.5 | 18.7 |
Market Analysis
The median home value in Ripley County is 15.9% above the Indiana state average and 2.3% below the U.S. national average. The median rent of $839/month is 7.8% below the state average.
With a price-to-rent ratio of 22.1, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Ripley County has an owner-occupancy rate of 76.8%, 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 |
|---|---|---|---|
| Bulloch County | Georgia | $222,500 | $995 |
| Clayton County | Georgia | $222,300 | $1,433 |
| Morrow County | Ohio | $222,300 | $937 |
| Carbon County | Wyoming | $222,700 | $842 |
| Polk County | Minnesota | $222,800 | $855 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Clark County | $222,900 | $1,129 | 74.7% |
| Posey County | $222,900 | $782 | 82.3% |
| Jasper County | $221,500 | $962 | 83.6% |
| Marion County | $224,000 | $1,153 | 56.5% |
| Whitley County | $219,400 | $934 | 81.8% |
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).