Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$421,188+4.0% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$91,305About 0.8× the local median income ($108,013): affordable for a typical household
Days on market47 daysFaster than a year ago: sellers have the edge
Next 12 months+1.9%Zillow expects prices to rise slightly
The typical home in Boone County, IN is worth $421,188, up 4.0% from a year ago. That is well above what local incomes have historically supported: fair value is about $359,895, so the area is 17.0% overvalued. It is a balanced market, leaning toward buyers: homes take about 47 days to sell, listings are up 25% from a year ago, 26% of listings have had a price cut. Zillow expects prices to rise about 1.9% over the next year. A household needs about $91,305 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $108,013. Typical rent is $1,923 a month, or $2,392 for a house. In the latest IRS figures, 1,863 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$421,188
Change in 1 year
+4.0%
Overvalued %
+17.0%
Show 7 more
Fair home value
$359,895
Change in 5 years
+27.4%
Zillow forecast, next 12 months
+1.9%
Home value to income
3.9×
Monthly mortgage payment (20% down)
$2,283
Income needed to afford it
$91,305
Property tax rate
0.78%
Rent and investing
Typical rent
$1,923
Typical rent for houses
$2,392
Price-to-rent ratio
18.2×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,536
Gross rental yield
5.48%
Cap rate (estimate)
3.56%
Market activity
Listings vs a year ago
+24.9%
Days on market
47
Listings with a price cut
26.0%
Show 3 more
Homes for sale
246
Pending sales per 100 listings
50
Asking price per sq ft
$198
People and jobs
Median household income
$108,013
Population change (1 year)
+2.6%
Unemployment rate
2.8%
Show 4 more
Population
80,689
Income adjusted for cost of living
$112,866
Net moves in (IRS)
+1,863
Cost of living (US = 100)
95.7
Schools, risk and environment
School rating (1 to 10)
8.6
FEMA hazard risk score (0 to 100)
43.2
Unhealthy air days a year
3
Show 4 more
Flood risk score
56.8
Wildfire risk score
7.0
Walkability (1 to 20)
6.3
Road, rail and air noise
55 dB
Questions people ask
Is Boone County, IN overvalued?
Home prices in Boone County, IN are well above what local incomes have historically supported: fair value is about $359,895, so the area is 17.0% overvalued.
Is Boone County, IN a buyer's or seller's market?
Boone County, IN is a balanced market, leaning toward buyers: homes take about 47 days to sell, listings are up 25% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Boone County, IN?
Home values in Boone County, IN are up 4.0% over the last year. Zillow's forecast for the next 12 months is +1.9%.
How much do you need to earn to buy a home in Boone County, IN?
A household needs about $91,305 a year to afford the typical home in Boone County, IN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $108,013.