Boone County, IN

Comprehensive housing, income, and cost of living data for Boone County, Indiana. Population: 71.2K.

Median Home Price
$321.0K

Based on 6 cities

Median Household Income
$104.9K

Annual household income

Price-to-Income Ratio
3.1x

Moderately affordable

Salary Needed to Buy
$85.0K

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

Housing & Finance

Annual Property Tax
$2,725

Average annual amount

Effective Tax Rate
0.85%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$1,623
Property Tax$227
Insurance$134
Total Monthly$1,984
Historical Home Prices
2015
$214.1K
2016
$225.9K
+5.5%%
2017
$235.9K
+4.4%%
2018
$249.3K
+5.7%%
2019
$267.6K
+7.3%%
2020
$288.1K
+7.7%%
2021
$334.4K
+16.1%%
2022
$367.9K
+10.0%%
2023
$376.2K
+2.3%%
2024
$386.3K
+2.7%%
2025
$404.2K
+4.6%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
2.5%%

Below national average

Population Density
169

People per square mile

Homicide Rate
3.8

Low (per 100K residents)

Political Lean (2020)
Competitive

R+0

Racial Demographics

White
87.2%
Black
2.4%
Hispanic
4.1%
Asian
3.4%
Two or More Races
2.8%

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

Climate & Environment

Average Temperature
51°F

Annual average

Sunny Days
199

Days per year

Annual Rainfall
42.2"

Inches per year

Natural Disaster Risk
Moderate Risk

Score: 43/100

January Low
23°F

Average winter low

July High
85°F

Average summer high

Frequently Asked Questions

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

The median home price in Boone County, Indiana is $321.0K. The price-to-income ratio is 3.1x, meaning the median home costs 3.1 times the median household income.

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

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $85.0K per year to buy the median home in Boone County, IN. Monthly housing costs break down to $1,623 for mortgage, $227 for property tax, and $134 for insurance.

What is the property tax rate in Boone County?

The effective property tax rate in Boone County is 0.85%, which comes to approximately $2,725 per year on the median home.

What is the median household income in Boone County?

The median household income in Boone County, Indiana is $104.9K per year, based on Census Bureau American Community Survey data. The unemployment rate is 2.5%%.

Is Boone County a good place to live?

Boone County, Indiana has a population of 71.2K. Housing affordability is strong with a price-to-income ratio of 3.1x. The climate averages 51 degrees F with 199 sunny days per year. Compare Boone County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.