Steuben County, Indiana Housing Market
In Steuben County, Indiana, the median home value is $216,200, with a median monthly rent of $933. This places Steuben County at #1239 nationally out of 3134 counties by median home value, and #27 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: $983
- Establishments: 994
- BLS QCEW, 2025
Housing Supply
- Single-family: 125
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 14,707 (avg $78,867)
- Outflow: 13,985 (avg $78,591)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Steuben County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 46737 | 265.8 | +1.64% | 2025 |
| 2 | 46779 | 241.6 | -4.79% | 2025 |
| 3 | 46703 | 233.9 | +8.32% | 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 Steuben County on Our Sister Sites
Get the complete picture for Steuben County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Steuben County Compares
| Metric | Steuben County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $216,200 | $191,898 | $227,706 |
| Median Gross Rent | $933 | $910 | $968 |
| Owner Occupancy Rate | 79.5% | 76.3% | 73.3% |
| Price/Rent Ratio | 19.3 | 17.5 | 18.7 |
Market Analysis
The median home value in Steuben County is 12.7% above the Indiana state average and 5.1% below the U.S. national average. The median rent of $933/month is 2.5% above the state average.
With a price-to-rent ratio of 19.3, the buy-vs-rent decision in Steuben County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Steuben County has an owner-occupancy rate of 79.5%, 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 |
|---|---|---|---|
| Southampton County | Virginia | $216,200 | $930 |
| Ellis County | Kansas | $216,300 | $943 |
| Lake of the Woods County | Minnesota | $216,100 | $955 |
| Kosciusko County | Indiana | $216,000 | $1,043 |
| Susquehanna County | Pennsylvania | $216,400 | $933 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Kosciusko County | $216,000 | $1,043 | 77.0% |
| Allen County | $214,900 | $1,021 | 68.9% |
| Putnam County | $218,900 | $884 | 75.4% |
| Ohio County | $213,100 | $898 | 81.3% |
| 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).