Tipton County, IN

Comprehensive housing, income, and cost of living data for Tipton County, Indiana. Population: 15.3K.

Median Home Price
$218.4K

Based on 4 cities

Median Household Income
$78.3K

Annual household income

Price-to-Income Ratio
2.8x

Highly affordable

Salary Needed to Buy
$55.0K

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

Housing & Finance

Annual Property Tax
$1,069

Average annual amount

Effective Tax Rate
0.49%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$1,104
Property Tax$89.08
Insurance$91.00
Total Monthly$1,284
Historical Home Prices
2015
$106.9K
2016
$114.6K
+7.2%%
2017
$120.7K
+5.3%%
2018
$130.7K
+8.3%%
2019
$139.3K
+6.6%%
2020
$152.0K
+9.1%%
2021
$179.7K
+18.2%%
2022
$192.4K
+7.1%%
2023
$204.1K
+6.1%%
2024
$220.4K
+8.0%%
2025
$235.9K
+7.1%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
3.3%%

Below national average

Population Density
59

People per square mile

Homicide Rate
26.3

High (per 100K residents)

Political Lean (2020)
Competitive

R+1

Racial Demographics

White
93.3%
Black
0.8%
Hispanic
3.1%
Asian
0.3%
Two or More Races
2.2%

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

Climate & Environment

Average Temperature
51°F

Annual average

Sunny Days
194

Days per year

Annual Rainfall
42.1"

Inches per year

Natural Disaster Risk
Low Risk

Score: 9/100

Frequently Asked Questions

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

The median home price in Tipton County, Indiana is $218.4K. The price-to-income ratio is 2.8x, meaning the median home costs 2.8 times the median household income.

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

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $55.0K per year to buy the median home in Tipton County, IN. Monthly housing costs break down to $1,104 for mortgage, $89.08 for property tax, and $91.00 for insurance.

What is the property tax rate in Tipton County?

The effective property tax rate in Tipton County is 0.49%, which comes to approximately $1,069 per year on the median home.

What is the median household income in Tipton County?

The median household income in Tipton County, Indiana is $78.3K per year, based on Census Bureau American Community Survey data. The unemployment rate is 3.3%%.

Is Tipton County a good place to live?

Tipton County, Indiana has a population of 15.3K. Housing affordability is strong with a price-to-income ratio of 2.8x. The climate averages 51 degrees F with 194 sunny days per year. Compare Tipton County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.