Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$234,540+4.6% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 23% have cut their price
Income needed to buy, per year$50,843About 0.7× the local median income ($68,262): affordable for a typical household
Days on market71 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.2%Zillow expects prices to rise slightly
The typical home in Owen County, IN is worth $234,540, up 4.6% from a year ago. That is well above what local incomes have historically supported: fair value is about $200,774, so the area is 16.8% overvalued. It is a balanced market, leaning toward buyers: homes take about 71 days to sell, listings are up 3% from a year ago, 23% of listings have had a price cut. Zillow expects prices to rise about 2.2% over the next year. A household needs about $50,843 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 $68,262. In the latest IRS figures, 213 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
$234,540
Change in 1 year
+4.6%
Overvalued %
+16.8%
Show 7 more
Fair home value
$200,774
Change in 5 years
+29.6%
Zillow forecast, next 12 months
+2.2%
Home value to income
3.4×
Monthly mortgage payment (20% down)
$1,271
Income needed to afford it
$50,843
Property tax rate
0.66%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
+2.6%
Days on market
71
Listings with a price cut
23.3%
Show 3 more
Homes for sale
78
Pending sales per 100 listings
23
Asking price per sq ft
$181
People and jobs
Median household income
$68,262
Population change (1 year)
+1.1%
Unemployment rate
3.0%
Show 4 more
Population
21,886
Income adjusted for cost of living
$71,779
Net moves in (IRS)
+213
Cost of living (US = 100)
95.1
Schools, risk and environment
School rating (1 to 10)
5.3
FEMA hazard risk score (0 to 100)
35.1
Flood risk score
49.4
Show 3 more
Wildfire risk score
11.5
Walkability (1 to 20)
4.3
Road, rail and air noise
54 dB
Questions people ask
Is Owen County, IN overvalued?
Home prices in Owen County, IN are well above what local incomes have historically supported: fair value is about $200,774, so the area is 16.8% overvalued.
Is Owen County, IN a buyer's or seller's market?
Owen County, IN is a balanced market, leaning toward buyers: homes take about 71 days to sell, listings are up 3% from a year ago, 23% of listings have had a price cut.
Are home prices going down in Owen County, IN?
Home values in Owen County, IN are up 4.6% over the last year. Zillow's forecast for the next 12 months is +2.2%.
How much do you need to earn to buy a home in Owen County, IN?
A household needs about $50,843 a year to afford the typical home in Owen County, IN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $68,262.