Allen County, IN

Comprehensive housing, income, and cost of living data for Allen County, Indiana. Population: 385.5K.

Median Home Price
$248.6K

Based on 26 cities

Median Household Income
$68.8K

Annual household income

Price-to-Income Ratio
3.6x

Moderately affordable

Salary Needed to Buy
$63.9K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax
$1,559

Average annual amount

Effective Tax Rate
0.63%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$1,257
Property Tax$130
Insurance$104
Total Monthly$1,491
Historical Home Prices
2015
$112.1K
2016
$119.3K
+6.4%%
2017
$127.9K
+7.2%%
2018
$137.7K
+7.6%%
2019
$149.2K
+8.4%%
2020
$164.7K
+10.4%%
2021
$187.4K
+13.8%%
2022
$208.4K
+11.2%%
2023
$224.0K
+7.5%%
2024
$236.1K
+5.4%%
2025
$241.9K
+2.5%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
2.4%%

Below national average

Population Density
586

People per square mile

Homicide Rate
10.5

Medium (per 100K residents)

Political Lean (2020)
Competitive

R+0

Racial Demographics

White
70.6%
Black
10.7%
Hispanic
8.8%
Asian
5%
Two or More Races
4.5%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature
51°F

Annual average

Sunny Days
170

Days per year

Annual Rainfall
38.8"

Inches per year

Natural Disaster Risk
High Risk

Score: 91/100

January Low
27°F

Average winter low

July High
88°F

Average summer high

Frequently Asked Questions

What is the median home price in Allen County, IN?

The median home price in Allen County, Indiana is $248.6K. The price-to-income ratio is 3.6x, meaning the median home costs 3.6 times the median household income.

What salary do you need to buy a home in Allen County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $63.9K per year to buy the median home in Allen County, IN. Monthly housing costs break down to $1,257 for mortgage, $130 for property tax, and $104 for insurance.

What is the property tax rate in Allen County?

The effective property tax rate in Allen County is 0.63%, which comes to approximately $1,559 per year on the median home.

What is the median household income in Allen County?

The median household income in Allen County, Indiana is $68.8K per year, based on Census Bureau American Community Survey data. The unemployment rate is 2.4%%.

Is Allen County a good place to live?

Allen County, Indiana has a population of 385.5K. Housing affordability is strong with a price-to-income ratio of 3.6x. The climate averages 51 degrees F with 170 sunny days per year. Compare Allen County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.