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Fayette County Housing Market

Indiana · 92 counties · Ranked #522 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$114,800

vs national$114,800 vs $281,900 national

Median Gross Rent

$779/mo

vs national$779 vs $1,163 national

Effective Tax Rate

0.76%

vs national0.76% vs 1.02% national

Median Household Income

$56,659

vs national$56,659 vs $74,755 national

Affordability Ratio

2x

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

Rent Burden

31.0%

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

More Housing Data

Property Tax (Median)

$878

Tax as % of Home Value

0.76%

Monthly Owner Cost

$727

Renter Income

$28,039

Frequently Asked Questions

What is the median home value in Fayette County?
The median home value in Fayette County is $114,800. This is below the national median of $281,900.
How much is rent in Fayette County?
The median gross rent in Fayette County is $779 per month.
What is the property tax rate in Fayette County?
The effective property tax rate in Fayette County is 0.76%. The median annual property tax bill is $878.
Is Fayette County affordable?
With a home-value-to-income ratio of 2x, Fayette County is considered 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.