Vigo County, Indiana Housing Market
In Vigo County, Indiana, the median home value is $148,500, with a median monthly rent of $924. This places Vigo County at #2262 nationally out of 3134 counties by median home value, and #78 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: $1,055
- Establishments: 2,462
- BLS QCEW, 2025
Housing Supply
- Single-family: 50
- Multi-family: 184
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 40,600 (avg $66,961)
- Outflow: 38,752 (avg $67,759)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Vigo County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 47885 | 211.9 | +15.64% | 2025 |
| 2 | 47803 | 196.3 | +5.36% | 2025 |
| 3 | 47805 | 204.3 | +6.61% | 2025 |
| 4 | 47804 | 186.2 | +2.61% | 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 Vigo County Compares
| Metric | Vigo County | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $148,500 | $191,898 | $227,706 |
| Median Gross Rent | $924 | $910 | $968 |
| Owner Occupancy Rate | 61.7% | 76.3% | 73.3% |
| Price/Rent Ratio | 13.4 | 17.5 | 18.7 |
Market Analysis
The median home value in Vigo County is 22.6% below the Indiana state average and 34.8% below the U.S. national average. The median rent of $924/month is 1.5% above the state average.
With a price-to-rent ratio of 13.4, buying a home in Vigo 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.
Vigo County has an owner-occupancy rate of 61.7%, compared to 76.3% in Indiana and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| McLean County | Kentucky | $148,500 | $641 |
| Emporia city | Virginia | $148,500 | $1,037 |
| Tama County | Iowa | $148,600 | $872 |
| Anson County | North Carolina | $148,600 | $814 |
| Kossuth County | Iowa | $148,300 | $859 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Benton County | $151,000 | $774 | 79.8% |
| Parke County | $151,200 | $704 | 82.4% |
| Clay County | $153,000 | $873 | 80.9% |
| Greene County | $153,200 | $797 | 77.0% |
| Fountain County | $143,400 | $843 | 74.6% |
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).