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Delaware County, IN

Center

RANK #57 / 996 NAT  ·  #3 / 28 IN  ·  POP 112,156

1YR FORECAST: +3.7%

5YR OUTLOOK: +38%

#33 Best for Investment #40 Most Affordable
Our model projects Delaware County's housing market to grow +3.7% over the next year, significantly outpacing the national average.

[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] Top Employers

  1. 1
    Ball State University Education
    10,000+
  2. 2
    Indiana University Health Ball Memorial Hospital Healthcare
    2,500+
  3. 3
    Ivy Tech Community College Education
    100+
  4. 4
    Youth Opportunity Center Inc Other
  5. 5
    Meijer Retail
  6. 6
    Walmart Supercenter Retail
  7. 7
    Keihin Aircon North America Manufacturing
  8. 8
    Maxon Corp Manufacturing
  9. 9
    Mursix Corp Manufacturing
  10. 10
    First Merchants Bank Data Ctr Finance

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

[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
Bachelor's Degree+
25.5%
of residents (national avg: 33%)

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] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
7.7
per 100K · nat avg 6.3
Firearm Fatalities
15.4
per 100K · nat avg 14.8
Injury Deaths
122.2
per 100K · nat avg 76.3
vs National Average
Above 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)
38.3
Good
Good Air Days
82%
889 of 1,084 days
Unhealthy+ Days (3yr)
6
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
37
2022
38
2023
40
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

$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.

[08] 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.

[09] Frequently Asked Questions

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

Delaware County ranks #57 out of 996 U.S. counties on the Boom Town Index with a score of 94/100, putting it in the top tier nationally. Job growth of +1.0% and a median household income of $53,377 point to a county with active economic momentum.

Is Delaware County affordable?

By national standards, Delaware County is quite affordable. Homes here have a median value of $120,500, and the income-to-home-value ratio of 0.44 is well above the U.S. average — especially with median rent at just $841/month. Residents can generally buy a home without being cost-burdened.

Is Delaware County growing or shrinking?

Population and employment in Delaware County are both close to flat — population -0.3% YoY and jobs +1.0%. Home values shifted +3.2% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Delaware County?

In significant numbers — 7.44% of Delaware 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

Kosciusko County, IN 92 Dearborn County, IN 92 Wayne County, IN 97 Madison County, IN 91 Vanderburgh County, IN 90 Elkhart County, IN 100 Lenawee County, MI 94 Midland County, MI 94