80 / 100

Boone County, IN

RANK #202 / 996  ·  POP 71,235  ·  IN

PROJECTED GROWTH: +2.0%

Boone County is one of America's fastest-growing metros, with explosive job creation driving its boom.

[01] Why Boone County?

Boone County, Indiana, northwest of Indianapolis, offers a blend of rural charm and suburban convenience, with Zionsville's brick Main Street and boutique shops often cited by locals as a point of distinction. The county seat, Lebanon, features a historic courthouse square. Commuters have direct access to Indianapolis via Interstate 65. Outdoor recreation is available through the Big-4 Rail Trail, which connects several communities and provides opportunities for walking and biking, alongside various parks and nature preserves like Starkey Nature Park.

Life in Boone County appeals to families and professionals, many of whom commute to nearby Indianapolis. The public school systems, including Zionsville Community Schools and Lebanon Community Schools, are highly rated. The economy is experiencing growth, driven by investments in sectors such as advanced manufacturing, data centers, and logistics, transforming the area while maintaining its agricultural roots. Tourism also contributes to the local economy, supporting businesses and generating tax revenue.

[02] Market Snapshot

Housing Ratio
4.8x

Above national median (4.7x)

GDP Growth
+4.4%

Well above national median

Home Prices
+4.7%

Outpacing national median

Climate & Terrain
-3.7

Harsh climate or flat terrain

Price/Rent
15x

Above national median (13x)

Housing is fairly valued at 4.8x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Boone County U.S. National

The Numbers

DEMOGRAPHICS
Population
71,235
+2.0% YoY
Median Household Income
$103,038
Median Home Value
$320,000
+4.71% 12mo
Median Rent
$1,190
Average Annual Pay
$55,895
+3.5% YoY
Employment
45,424
+5.7% YoY
Income-to-Home-Value
0.322
More affordable than average
Migration Inflow
5.78%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$335,655
Days on Market
63
Slower market
Months of Supply
2.6
Seller's market
Sale-to-List Ratio
97.9%
Negotiation room for buyers
Sold Above List
10.0%
Listings w/ Price Drops
24.6%
Building Permits (2024)
893
Single-Family Permits
893

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

[05] Capital Investment

$12,574M
TOTAL
PROJECT AMOUNT STATUS
Meta Data Center Campus (LEAP Innovation and Research District)
Meta Platforms
$10,000M Under Construction
Eli Lilly Manufacturing Facilities (LEAP Innovation Park)
Eli Lilly and Co.
$2,100M Under Construction
Brickyard Solar Project
NextEra Energy Resources
$210M Planned
LEAP Innovation District Land Acquisition & Infrastructure
Indiana Economic Development Corporation (IEDC)
$164M Under Construction
SR 32 New Alignment and Widening
Indiana Department of Transportation (INDOT)
$50M Planned
Amazon Same-Day Delivery Facility
Amazon
$50M Planned

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

[06] Score Breakdown

GDP Growth +4.4% 77 percentile
Population Growth +2.0% 89 percentile
Income Growth +8.6% 54 percentile
Vacancy Rate 0.7% 82 percentile
Home Price Change +4.7% 88 percentile
Rent Growth -0.2% 9 percentile
Price/Rent 15x 38 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Boone County has a Boom Town Index score of 80/100, ranking #202 among 996 U.S. counties. With job growth at +5.7% and a median household income of $103,038, it's an above-average county on economic indicators.

Is Boone County affordable?

The median home value in Boone County is $320,000 with median rent at $1,190/month. The income-to-home-value ratio is 0.322, which is more affordable than the national average.

Is Boone County growing or shrinking?

Population growth: +2.0% year-over-year. Job growth: +5.7%. Home values changed +4.7% in the past 12 months.

Are people moving to Boone County?

Yes — 5.78% of Boone County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Bergen County, NJ 90 Passaic County, NJ 90 Ashtabula County, OH 90 Lapeer County, MI 90 Cheshire County, NH 90 Buffalo County, NE 90 Nassau County, NY 90 Schenectady County, NY 90