Hancock County, IN

Comprehensive housing, income, and cost of living data for Hancock County, Indiana. Population: 80.2K.

Median Home Price
$286.3K

Based on 5 cities

Median Household Income
$91.3K

Annual household income

Price-to-Income Ratio
3.1x

Moderately affordable

Salary Needed to Buy
$73.4K

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

Housing & Finance

Annual Property Tax
$1,756

Average annual amount

Effective Tax Rate
0.61%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$1,448
Property Tax$146
Insurance$119
Total Monthly$1,713
Historical Home Prices
2015
$163.7K
2016
$172.8K
+5.6%%
2017
$183.1K
+6.0%%
2018
$194.4K
+6.1%%
2019
$206.8K
+6.4%%
2020
$229.4K
+10.9%%
2021
$265.6K
+15.8%%
2022
$294.7K
+11.0%%
2023
$301.1K
+2.2%%
2024
$311.7K
+3.5%%
2025
$318.9K
+2.3%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
2.7%%

Below national average

Population Density
262

People per square mile

Homicide Rate
2.2

Low (per 100K residents)

Political Lean (2020)
Competitive

R+0

Racial Demographics

White
89.3%
Black
3.1%
Hispanic
3.2%
Asian
0.9%
Two or More Races
3.2%

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

Climate & Environment

Average Temperature
52°F

Annual average

Sunny Days
188

Days per year

Annual Rainfall
44.5"

Inches per year

Natural Disaster Risk
Moderate Risk

Score: 44/100

Frequently Asked Questions

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

The median home price in Hancock County, Indiana is $286.3K. 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 Hancock County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $73.4K per year to buy the median home in Hancock County, IN. Monthly housing costs break down to $1,448 for mortgage, $146 for property tax, and $119 for insurance.

What is the property tax rate in Hancock County?

The effective property tax rate in Hancock County is 0.61%, which comes to approximately $1,756 per year on the median home.

What is the median household income in Hancock County?

The median household income in Hancock County, Indiana is $91.3K per year, based on Census Bureau American Community Survey data. The unemployment rate is 2.7%%.

Is Hancock County a good place to live?

Hancock County, Indiana has a population of 80.2K. Housing affordability is strong with a price-to-income ratio of 3.1x. The climate averages 52 degrees F with 188 sunny days per year. Compare Hancock County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.