49 / 100

Tippecanoe County, IN

RANK #507 / 996  ·  POP 186,955  ·  IN

PROJECTED GROWTH: +0.7%

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

[01] Why Tippecanoe County?

Tippecanoe County, Indiana, is perhaps best known as home to Purdue University, a major institution that shapes the character of West Lafayette. The county, located in west-central Indiana, sits less than 50 miles from Indianapolis, with an average commute time of 16.7 minutes, shorter than the national average. The Wabash River flows through the county, offering scenic views and recreational opportunities like hiking along the Wabash Heritage Trail. The area maintains a blend of urban amenities and rural charm, with parks and natural areas providing outdoor recreation.

Life in Tippecanoe County offers a mix of family-friendly towns and access to educational institutions. Public schools in the county are highly rated. The economy is largely driven by its two largest cities, Lafayette and West Lafayette, with Purdue University being the largest employer. Beyond education, manufacturing and healthcare are also significant employment sectors. Recent economic developments include state funding aimed at supporting the growing technology sector and improving quality of life initiatives.

[02] Market Snapshot

Housing Ratio
3.3x

Undervalued relative to economy

GDP Growth
+2.9%

Above national median

Home Prices
+2.0%

Above national median

Climate & Terrain
-2.8

Below-average climate & terrain

Price/Rent
12x

Strong rental yield

Housing looks undervalued at 3.3x — 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

Tippecanoe County U.S. National

The Numbers

DEMOGRAPHICS
Population
186,955
+0.53% YoY
Median Household Income
$55,728
Median Home Value
$199,300
+1.97% 12mo
Median Rent
$1,020
Average Annual Pay
$61,152
+5.1% YoY
Employment
92,794
+0.2% YoY
Income-to-Home-Value
0.2796
More affordable than average
Migration Inflow
5.04%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$295,000
Days on Market
47
Moderate pace
Months of Supply
2.3
Seller's market
Sale-to-List Ratio
98.6%
Near asking price
Sold Above List
13.3%
Listings w/ Price Drops
22.6%
Building Permits (2024)
1,548
Single-Family Permits
457

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

[05] Capital Investment

$205M
TOTAL
PROJECT AMOUNT STATUS
Rainbow Trout Solar
RWE
$120M Proposed
Purdue Research Park (Phases 3 & 4)
Purdue Research Foundation / Duke Energy
$50M Planned
Greater Lafayette Region READI 2.0 Program
State of Indiana / Greater Lafayette Commerce
$35M Planned

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

[06] Score Breakdown

GDP Growth +2.9% 54 percentile
Population Growth +0.5% 54 percentile
Income Growth +4.2% 2 percentile
Vacancy Rate 1.5% 23 percentile
Home Price Change +2.0% 59 percentile
Rent Growth +4.1% 68 percentile
Price/Rent 12x 70 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Tippecanoe County has a Boom Town Index score of 49/100, ranking #507 among 996 U.S. counties. With job growth at +0.2% and a median household income of $55,728, it faces some economic headwinds compared to faster-growing counties.

Is Tippecanoe County affordable?

The median home value in Tippecanoe County is $199,300 with median rent at $1,020/month. The income-to-home-value ratio is 0.2796, which is more affordable than the national average.

Is Tippecanoe County growing or shrinking?

Population growth: +0.5% year-over-year. Job growth: +0.2%. Home values changed +2.0% in the past 12 months.

Are people moving to Tippecanoe County?

Yes — 5.04% of Tippecanoe County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Greene County, MO 59 Cullman County, AL 59 Rockingham County, NH 59 Dane County, WI 59 Calhoun County, AL 59 Washtenaw County, MI 59 Franklin County, PA 59 Van Zandt County, TX 59