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Delaware County, IN

RANK #127 / 996  ·  POP 112,156  ·  IN

PROJECTED GROWTH: +2.6%

Delaware County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Delaware County?

Delaware County, Indiana, is perhaps best known as home to Ball State University in Muncie, which contributes a youthful energy to the region. Situated in east central Indiana, the county is approximately an hour's drive northeast of Indianapolis. The community offers a blend of urban and rural settings, characterized by rolling plains and the meandering White River. Outdoor enthusiasts can explore the Cardinal Greenway, Indiana's longest rail-trail, or enjoy kayaking and fishing on the White River and at Prairie Creek Reservoir. Towns like Yorktown also provide a close-knit atmosphere. Life in Delaware County offers a balance of affordability and access to amenities. The county has been recognized for its affordable housing market. Public transportation, including bus services within Muncie, is available, though options for travel outside the county are limited. The public school systems in Delaware County are highly rated, with institutions like the Indiana Academy for Science, Mathematics, and Humanities and Burris Laboratory School recognized among the state's best. The local economy is seeing investment in infrastructure and manufacturing, alongside efforts to support existing businesses and attract new ones.

[02] Market Snapshot

Housing Ratio
3.2x

Undervalued relative to economy

GDP Growth
+0.5%

Well below national median

Home Prices
+3.2%

Outpacing national median

Climate & Terrain
-2.6

Below-average climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks undervalued at 3.2x — 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

Delaware County U.S. National

The Numbers

DEMOGRAPHICS
Population
112,156
-0.29% YoY
Median Household Income
$53,377
Median Home Value
$120,500
+3.19% 12mo
Median Rent
$841
Average Annual Pay
$51,307
+2.6% YoY
Employment
44,772
+1.0% YoY
Income-to-Home-Value
0.443
More affordable than average
Migration Inflow
7.44%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$169,900
Days on Market
42
Moderate pace
Months of Supply
3.1
Balanced market
Sale-to-List Ratio
95.4%
Negotiation room for buyers
Sold Above List
13.3%
Listings w/ Price Drops
25.2%
Building Permits (2024)
173
Single-Family Permits
109

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

[05] Capital Investment

$2,395M
TOTAL
PROJECT AMOUNT STATUS
Delaware County Capital Investment and Maintenance (Roads, Bridges, Buildings, Vehicles, Equipment)
Delaware County Government
$1,750M Planned
CANPACK Aluminum Beverage Can Manufacturing Plant
CANPACK (Giorgi Global Holdings, Inc.)
$380M Operating
Royerton Solar Project with Battery Storage
Royerton Solar, LLC (National Grid Renewables affiliate)
$190M Planned
Hawthorn Solar Project
Narenco
$75M Planned

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

[06] Score Breakdown

GDP Growth +0.5% 12 percentile
Population Growth -0.3% 16 percentile
Income Growth +8.2% 41 percentile
Vacancy Rate 1.4% 28 percentile
Home Price Change +3.2% 74 percentile
Rent Growth +5.7% 85 percentile
Price/Rent 10x 88 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Delaware County has a Boom Town Index score of 87/100, ranking #127 among 996 U.S. counties. With job growth at +1.0% and a median household income of $53,377, it's an above-average county on economic indicators.

Is Delaware County affordable?

The median home value in Delaware County is $120,500 with median rent at $841/month. The income-to-home-value ratio is 0.443, which is more affordable than the national average.

Is Delaware County growing or shrinking?

Population growth: -0.3% year-over-year. Job growth: +1.0%. Home values changed +3.2% in the past 12 months.

Are people moving to Delaware County?

Yes — 7.44% of Delaware County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Tazewell County, IL 97 Trumbull County, OH 97 Southeastern Connecticut Planning Region, CT 97 Marion County, OH 97 Ionia County, MI 97 Grand Forks County, ND 97 Marquette County, MI 97 Lackawanna County, PA 97