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Parke County Housing Market

Indiana · 92 counties · Ranked #952 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$139,300

vs national$139,300 vs $281,900 national

Median Gross Rent

$731/mo

vs national$731 vs $1,163 national

Effective Tax Rate

0.50%

vs national0.50% vs 1.02% national

Median Household Income

$66,776

vs national$66,776 vs $74,755 national

Affordability Ratio

2.1x

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

Rent Burden

28.0%

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

More Housing Data

Property Tax (Median)

$691

Tax as % of Home Value

0.50%

Monthly Owner Cost

$743

Renter Income

$31,687

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Frequently Asked Questions

What is the median home value in Parke County?

The median home value in Parke County is $139,300. This is below the national median of $281,900.

How much is rent in Parke County?

The median gross rent in Parke County is $731 per month.

What is the property tax rate in Parke County?

The effective property tax rate in Parke County is 0.50%. The median annual property tax bill is $691.

Is Parke County affordable?

With a home-value-to-income ratio of 2.1x, Parke 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.