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Hendricks County, IN

RANK #553 / 996  ·  POP 175,639  ·  IN

PROJECTED GROWTH: +0.5%

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

[01] Why Hendricks County?

Brownsburg, often called the "Racing Capital of the World" due to Lucas Oil Indianapolis Raceway Park, stands out in Hendricks County, Indiana. Located directly west of Indianapolis, the county offers a suburban and rural feel, with towns like Avon, Plainfield, and Danville each having their own character. Commuting to Indianapolis is generally convenient, taking about 20-30 minutes from the larger towns. The county provides various outdoor recreation opportunities, including numerous parks, trails for hiking and biking, and nature preserves like McCloud Nature Park.

Life in Hendricks County is often described as family-oriented, with highly rated public schools being a significant draw. The community is known for being friendly and active in local events. The economy is experiencing growth, driven by investments in commercial and residential development. Key sectors attracting investment include logistics, data centers, energy, and industrial operations, benefiting from the county's transportation infrastructure, including interstates and proximity to the Indianapolis International Airport. Public transportation options, such as the Plainfield Connector, also support commuting to major employment centers.

[02] Market Snapshot

Housing Ratio
5.8x

Above national median (4.7x)

GDP Growth
+3.5%

Above national median

Home Prices
+0.6%

Well below national median

Climate & Terrain
-3.6

Harsh climate or flat terrain

Price/Rent
12x

Below national median (13x)

Housing is fairly valued at 5.8x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Hendricks County U.S. National

The Numbers

DEMOGRAPHICS
Population
175,639
+2.06% YoY
Median Household Income
$95,261
Median Home Value
$257,700
+0.56% 12mo
Median Rent
$1,271
Average Annual Pay
$53,449
+4.0% YoY
Employment
81,164
+1.6% YoY
Income-to-Home-Value
0.3697
More affordable than average
Migration Inflow
6.1%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$340,000
Days on Market
55
Moderate pace
Months of Supply
2.7
Seller's market
Sale-to-List Ratio
98.2%
Near asking price
Sold Above List
10.3%
Listings w/ Price Drops
32.8%
Building Permits (2024)
1,295
Single-Family Permits
1,217

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

[05] Capital Investment

$1,625M
TOTAL
PROJECT AMOUNT STATUS
Vantage Data Centers - Pittsboro Campus
Vantage Data Centers
$1,000M Planned
Plainfield Mixed-Use Complex
Unknown
$300M Under Construction
Walnut Hills Wind Project
Cordelio Power
$200M Proposed
Apple Distribution Center
Apple (operated by XPO Logistics Supply Chain)
$100M Operating
Hendricks County Economic Development Projects (EDIT Capital Improvement Plan)
Hendricks County
$25M Planned

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

[06] Score Breakdown

GDP Growth +3.5% 66 percentile
Population Growth +2.1% 89 percentile
Income Growth +8.3% 43 percentile
Vacancy Rate 0.8% 77 percentile
Home Price Change +0.6% 39 percentile
Rent Growth +2.8% 46 percentile
Price/Rent 12x 67 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Hendricks County has a Boom Town Index score of 44/100, ranking #553 among 996 U.S. counties. With job growth at +1.6% and a median household income of $95,261, it faces some economic headwinds compared to faster-growing counties.

Is Hendricks County affordable?

The median home value in Hendricks County is $257,700 with median rent at $1,271/month. The income-to-home-value ratio is 0.3697, which is more affordable than the national average.

Is Hendricks County growing or shrinking?

Population growth: +2.1% year-over-year. Job growth: +1.6%. Home values changed +0.6% in the past 12 months.

Are people moving to Hendricks County?

Yes — 6.1% of Hendricks County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Faulkner County, AR 54 Washington County, PA 54 Westmoreland County, PA 54 Pickens County, SC 54 Franklin County, VT 54 Henrico County, VA 54 James City County, VA 54 Kanawha County, WV 54