Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$320,242+6.6% 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$69,422About 0.9× the local median income ($77,285): affordable for a typical household
Days on market58 daysAbout the same pace as a year ago
The typical home in Steuben County, IN is worth $320,242, up 6.6% from a year ago. That is well above what local incomes have historically supported: fair value is about $275,968, so the area is 16.0% overvalued. It is a balanced market, leaning toward buyers: homes take about 58 days to sell, listings are up 11% from a year ago, 26% of listings have had a price cut. A household needs about $69,422 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 $77,285. Typical rent is $1,101 a month. In the latest IRS figures, 30 more people moved out than in.
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
$320,242
Change in 1 year
+6.6%
Overvalued %
+16.0%
Show 6 more
Fair home value
$275,968
Change in 5 years
+28.4%
Home value to income
4.1×
Monthly mortgage payment (20% down)
$1,736
Income needed to afford it
$69,422
Property tax rate
0.57%
Rent and investing
Typical rent
$1,101
Price-to-rent ratio
24.2×
HUD Fair Market Rent, 2 bedrooms
$1,102
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Gross rental yield
4.13%
Cap rate (estimate)
2.68%
Market activity
Listings vs a year ago
+11.4%
Days on market
58
Listings with a price cut
25.9%
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Homes for sale
127
Pending sales per 100 listings
38
Asking price per sq ft
$226
People and jobs
Median household income
$77,285
Population change (1 year)
+0.0%
Unemployment rate
7.2%
Show 4 more
Population
34,799
Income adjusted for cost of living
$87,131
Net moves in (IRS)
−30
Cost of living (US = 100)
88.7
Schools, risk and environment
School rating (1 to 10)
6.4
FEMA hazard risk score (0 to 100)
27.2
Flood risk score
38.2
Show 3 more
Wildfire risk score
12.9
Walkability (1 to 20)
5.6
Road, rail and air noise
54 dB
Questions people ask
Is Steuben County, IN overvalued?
Home prices in Steuben County, IN are well above what local incomes have historically supported: fair value is about $275,968, so the area is 16.0% overvalued.
Is Steuben County, IN a buyer's or seller's market?
Steuben County, IN is a balanced market, leaning toward buyers: homes take about 58 days to sell, listings are up 11% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Steuben County, IN?
Home values in Steuben County, IN are up 6.6% over the last year.
How much do you need to earn to buy a home in Steuben County, IN?
A household needs about $69,422 a year to afford the typical home in Steuben County, IN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $77,285.