45 / 100

Boone County, IN

Zionsville

RANK #546 / 996 NAT  ·  #24 / 28 IN  ·  POP 71,235

1YR FORECAST: +2.2%

5YR OUTLOOK: +23%

Boone County's housing market is projected to grow +2.2% over the next year, below the national average.

[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] Top Employers

  1. 1
    Amazon Fulfillment Ctr (Whitestown) Logistics
  2. 2
    Witham Hospital Healthcare
  3. 3
    CNH America Manufacturing
  4. 4
    Hendrickson Trailer Commercial Manufacturing
  5. 5
    Kroger Retail
  6. 6
    Weber Concrete Construction Other
  7. 7
    Hat World Inc Retail
  8. 8
    Meijer Retail
  9. 9
    Eli Lilly and Company (LEAP campus) Healthcare
  10. 10
    NewCold Logistics

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
49.5%
of residents (national avg: 33%)

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] Crime & Safety

B
SAFETY
GRADE
Homicide Rate
3.7
per 100K · nat avg 6.3
Firearm Fatalities
10.8
per 100K · nat avg 14.8
Injury Deaths
70.6
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
35.3
Good
Good Air Days
90%
975 of 1,089 days
Unhealthy+ Days (3yr)
11
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
33
2022
36
2023
37
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] 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.

[09] Frequently Asked Questions

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

Boone County scores 45/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#546). Median household income is $103,038 and job growth is running at +5.7%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Boone County affordable?

Housing in Boone County is roughly in line with national affordability norms. The median home costs $320,000 and the income-to-home-value ratio sits at 0.32, with rents averaging $1,190/month. Not a bargain, but not a stretch for most local earners either.

Is Boone County growing or shrinking?

Boone County is growing on multiple fronts. Population is up +2.0% year-over-year while employers added jobs at a +5.7% clip — and home values reflect that momentum, rising +4.7% over the past 12 months.

Are people moving to Boone County?

In significant numbers — 5.78% of Boone County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[10] Similar Counties by Size & Score

Porter County, IN 45 Hendricks County, IN 48 Vigo County, IN 49 Johnson County, IN 37 Morgan County, IN 55 Floyd County, IN 58 Sampson County, NC 45 Eagle County, CO 45