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Boone County Housing Market

Indiana · 92 counties · Ranked #2782 in home value

Above National Avg

Housing at a Glance

Median Home Value

$341,800

vs national+$341,800 vs $281,900 national

Median Gross Rent

$1,283/mo

vs national+$1,283 vs $1,163 national

Effective Tax Rate

0.80%

vs national0.80% vs 1.02% national

Median Household Income

$104,865

vs national+$104,865 vs $74,755 national

Affordability Ratio

3.3x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

25.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,725

Tax as % of Home Value

0.80%

Monthly Owner Cost

$1,578

Renter Income

$59,593

Frequently Asked Questions

What is the median home value in Boone County?
The median home value in Boone County is $341,800. This is above the national median of $281,900.
How much is rent in Boone County?
The median gross rent in Boone County is $1,283 per month.
What is the property tax rate in Boone County?
The effective property tax rate in Boone County is 0.80%. The median annual property tax bill is $2,725.
Is Boone County affordable?
With a home-value-to-income ratio of 3.3x, Boone County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.