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Hancock County, IN

RANK #247 / 996  ·  POP 80,170  ·  IN

PROJECTED GROWTH: +1.8%

Hancock County combines solid growth with real affordability — a rare combination.

[01] Why Hancock County?

Hancock County, Indiana, is known for Greenfield, the county seat and birthplace of "Hoosier Poet" James Whitcomb Riley. The county, situated just east of Indianapolis, offers a blend of small-town atmosphere with convenient access to a major city. Commutes to Indianapolis are generally short, often less than 15 minutes. The landscape features low rolling hills and wooded areas, with numerous parks and trails like the Pennsy Trail providing opportunities for walking, jogging, and cycling. This allows residents to enjoy outdoor recreation and connect with nature.

Life in Hancock County appeals to families and professionals seeking highly-rated public schools, including Eastern Hancock, Greenfield-Central, Mt. Vernon, and New Palestine Community Schools. The county has seen significant economic activity, with recent investments in commercial and residential development. There has been an increase in the occupancy of large warehouses, and the county is also seeing growth in sectors like industrial, logistics, and manufacturing. Additionally, there is a focus on developing an innovation corridor that connects agriculture with life sciences and technology.

[02] Market Snapshot

Housing Ratio
5.0x

Above national median (4.7x)

GDP Growth
+1.7%

Below national median

Home Prices
+2.2%

Outpacing national median

Climate & Terrain
-3.6

Harsh climate or flat terrain

Price/Rent
11x

Strong rental yield

Housing is fairly valued at 5.0x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Hancock County U.S. National

The Numbers

DEMOGRAPHICS
Population
80,170
+1.98% YoY
Median Household Income
$85,262
Median Home Value
$235,500
+2.17% 12mo
Median Rent
$1,058
Average Annual Pay
$56,651
+3.3% YoY
Employment
29,049
+3.2% YoY
Income-to-Home-Value
0.362
More affordable than average
Migration Inflow
6.01%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$329,900
Days on Market
75
Slower market
Months of Supply
2.7
Seller's market
Sale-to-List Ratio
97.1%
Negotiation room for buyers
Sold Above List
6.0%
Listings w/ Price Drops
34.3%
Building Permits (2024)
1,091
Single-Family Permits
1,085

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

[05] Capital Investment

$1,700M
TOTAL
PROJECT AMOUNT STATUS
Hancock County MegaSite (Data Center/Industrial Campus)
Surge Development LLC
$1,000M Proposed
Whitman Villas (Hancock Gateway Park)
Equity Property Management (EPM)
$460M Under Construction
Amazon Fulfillment Center
Amazon
$100M Under Construction
West Pharmaceutical Services Manufacturing Site
West Pharmaceutical Services
$90M Planned
Walmart Fulfillment Services Distribution Center
Walmart Fulfillment Services
$50M Under Construction

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

[06] Score Breakdown

GDP Growth +1.7% 29 percentile
Population Growth +2.0% 89 percentile
Income Growth +7.8% 31 percentile
Vacancy Rate 0.5% 95 percentile
Home Price Change +2.2% 61 percentile
Rent Growth +5.8% 86 percentile
Price/Rent 11x 80 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Hancock County has a Boom Town Index score of 75/100, ranking #247 among 996 U.S. counties. With job growth at +3.2% and a median household income of $85,262, it's an above-average county on economic indicators.

Is Hancock County affordable?

The median home value in Hancock County is $235,500 with median rent at $1,058/month. The income-to-home-value ratio is 0.362, which is more affordable than the national average.

Is Hancock County growing or shrinking?

Population growth: +2.0% year-over-year. Job growth: +3.2%. Home values changed +2.2% in the past 12 months.

Are people moving to Hancock County?

Yes — 6.01% of Hancock County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Franklin County, KY 85 Genesee County, NY 85 White County, AR 85 Kent County, MI 85 Otter Tail County, MN 85 Adams County, IL 85 Johnson County, MO 85 Grant County, WI 85