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Parke County, IN

Comprehensive housing, income, and cost of living data for Parke County, Indiana. Population: 16.3K.

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Median Home Price
$181.5K

Based on 6 cities

Median Household Income
$66.8K

Annual household income

Price-to-Income Ratio
2.7x

Highly affordable

Salary Needed to Buy
$45.0K

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

Housing & Finance

Annual Property Tax
$691

Average annual amount

Effective Tax Rate
0.38%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$918
Property Tax$57.58
Insurance$75.62
Total Monthly$1,051
Historical Home Prices
2015
$93.3K
2016
$94.5K
+1.2%%
2017
$100.2K
+6.1%%
2018
$107.9K
+7.7%%
2019
$116.6K
+8.1%%
2020
$130.5K
+11.9%%
2021
$152.1K
+16.5%%
2022
$164.1K
+7.9%%
2023
$174.3K
+6.2%%
2024
$188.7K
+8.3%%
2025
$202.1K
+7.1%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
3.6%%

Below national average

Population Density
37

People per square mile

Political Lean (2020)
Competitive

R+1

Racial Demographics

White
94.4%
Black
2.2%
Hispanic
1.6%
Asian
0%
Two or More Races
1.7%

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

Climate & Environment

Average Temperature
53°F

Annual average

Sunny Days
175

Days per year

Annual Rainfall
43.1"

Inches per year

Natural Disaster Risk
Moderate Risk

Score: 28/100

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