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Clark County, IN

RANK #630 / 996  ·  POP 121,484  ·  IN

PROJECTED GROWTH: +0.3%

Clark County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Clark County?

Clark County, Indiana, is known for its connection to the Ohio River and its historical significance as the starting point of the Lewis and Clark Expedition in 1803, with Clarksville being the first authorized American settlement in the Northwest Territory. Located directly across the Ohio River from Louisville, Kentucky, the county offers a blend of small-town character and access to a larger metropolitan area. Commuting to Louisville is facilitated by bridges, including the Big Four Pedestrian/Bicycle Bridge, which also serves as a recreational path. The landscape features low rolling hills, with outdoor recreation opportunities at places like Charlestown State Park and Clark State Forest, offering hiking, fishing, and scenic views.

Life in Clark County offers a balance of affordability and access to amenities. The cost of living is lower than the national average, particularly housing costs. Many families reside here, with public schools generally performing above average. The economy is experiencing growth, driven by investments in sectors such as technology, including data centers, and energy. The River Ridge Commerce Center, a redeveloped former industrial plant, is a significant economic driver, attracting various businesses. Residents primarily commute by driving alone, though public transit options connect to Louisville.

[02] Market Snapshot

Housing Ratio
3.7x

Undervalued relative to economy

GDP Growth
+7.8%

Well above national median

Home Prices
+2.9%

Outpacing national median

Climate & Terrain
-2.5

Below-average climate & terrain

Price/Rent
12x

Below national median (13x)

Housing looks undervalued at 3.7x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Clark County U.S. National

The Numbers

DEMOGRAPHICS
Population
121,484
+1.08% YoY
Median Household Income
$69,005
Median Home Value
$195,100
+2.89% 12mo
Median Rent
$1,002
Average Annual Pay
$56,578
+9.2% YoY
Employment
59,223
+2.1% YoY
Income-to-Home-Value
0.3537
More affordable than average
Migration Inflow
1.78%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$274,900
Days on Market
80
Slower market
Months of Supply
3.4
Balanced market
Sale-to-List Ratio
98.4%
Near asking price
Sold Above List
18.4%
Listings w/ Price Drops
20.0%
Building Permits (2024)
911
Single-Family Permits
734

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$2,424M
TOTAL
PROJECT AMOUNT STATUS
Meta Data Center
Meta
$800M Under Construction
Reed Meadow Battery Project
$566M Planned
Midas Energy Storage
$518M Planned
Flag Run Solar Project
BrightNight
$350M Planned
Idlewild Solar Project
Orion Renewable Energy Group
$140M Planned
River Ridge Commerce Center Infrastructure Improvements
River Ridge Development Authority
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +7.8% 96 percentile
Population Growth +1.1% 74 percentile
Income Growth +10.8% 88 percentile
Vacancy Rate 1.8% 11 percentile
Home Price Change +2.9% 71 percentile
Rent Growth +0.0% 11 percentile
Price/Rent 12x 61 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Clark County, IN a good place to move to?

Clark County has a Boom Town Index score of 37/100, ranking #630 among 996 U.S. counties. With job growth at +2.1% and a median household income of $69,005, it faces some economic headwinds compared to faster-growing counties.

Is Clark County affordable?

The median home value in Clark County is $195,100 with median rent at $1,002/month. The income-to-home-value ratio is 0.3537, which is more affordable than the national average.

Is Clark County growing or shrinking?

Population growth: +1.1% year-over-year. Job growth: +2.1%. Home values changed +2.9% in the past 12 months.

[08] Similar Metros

Santa Clara County, CA 47 Clay County, MN 47 Spotsylvania County, VA 47 Stafford County, VA 47 Watauga County, NC 47 Warren County, KY 47 Muskogee County, OK 47 Blount County, TN 47