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Delaware County, IN

RANK #12 / 1001 NAT  ·  #1 / 28 IN  ·  POP 112,280

1YR FORECAST: +2.8%

5YR OUTLOOK: +42%

#18 Best for Investment #36 Most Affordable
Our model projects Delaware County's housing market to grow +2.8% 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.

MARKET PROFILE

Heartland Steady Growth

Delaware County is one of 145 U.S. counties in this market profile — stronger than typical on the BoomTown Index. Within this cohort, its recent home-price change of +3.4% runs below the profile's typical +4.9%.

See all 145 Heartland Steady Growth counties →

[02] Market Snapshot

Housing Ratio
6.7x

Below national median (11.3x)

Home Prices
+3.4%

Outpacing national median

Climate & Terrain
-2.6

Below-average climate & terrain

Price/Rent
12x

Below national median (15x)

Housing is fairly valued at 6.7x 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

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
112,280
+0.15% YoY
Median Household Income
$58,127
Median Home Value
$139,400
+3.37% 12mo
Median Rent
$906
Average Annual Pay
$53,130
+3.6% YoY
Employment
44,321
-1.0% YoY
Income-to-Home-Value
0.417
More affordable than average
Migration Inflow
7.29%
of pop. from another state
Bachelor's Degree+
26.2%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$179,900
Days on Market
13
Very hot — homes selling fast
Months of Supply
1.8
Seller's market
Sale-to-List Ratio
97.3%
Negotiation room for buyers
Sold Above List
24.0%
Listings w/ Price Drops
34.4%
Building Permits (2025)
328
Single-Family Permits
94

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

Population Growth +0.1% 29 percentile
Income Growth +2.1% 33 percentile
Vacancy Rate 1.7% 12 percentile
Home Price Change +3.4% 71 percentile
Rent Growth +5.8% 84 percentile
Price/Rent 12x 87 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

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

Delaware County ranks #12 out of 1001 U.S. counties on the Boom Town Index with a score of 99/100. The composite score reflects long-term strength — housing, income, and migration patterns — but near-term hiring is soft (employment is down 1.0% year-over-year). Median household income here is $58,127.

Is Delaware County affordable?

By national standards, Delaware County is quite affordable. Homes here have a median value of $139,400, and the income-to-home-value ratio of 0.42 is well above the U.S. average — especially with median rent at just $906/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 +0.1% YoY and jobs -1.0%. Home values shifted +3.4% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Delaware County?

In significant numbers — 7.29% 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

Wayne County, IN 99 Elkhart County, IN 96 Vanderburgh County, IN 93 St. Joseph County, IN 90 LaPorte County, IN 89 Madison County, IN 88 Lauderdale County, AL 99 Muskogee County, OK 99