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Floyd County, IN

RANK #338 / 996  ·  POP 80,191  ·  IN

PROJECTED GROWTH: +1.4%

Floyd County combines solid growth with real affordability — a rare combination.

[01] Why Floyd County?

Floyd County, Indiana, is often recognized for the "Floyds Knobs," a series of hills offering views of the Ohio River and downtown Louisville, Kentucky. Located just across the Ohio River from Louisville, the county seat, New Albany, provides a blend of historic charm and convenient access to a major metropolitan area. Commuting to Louisville is common, with the Sherman Minton Bridge connecting the two states. The county's landscape, with its rolling hills and woodlands, supports various outdoor activities, including hiking trails at places like Mount Saint Francis and the new Melvin and Vickie Jensen Nature Preserve.

Life in Floyd County appeals to families and professionals, many of whom commute to Louisville. The New Albany-Floyd County Consolidated School Corporation is a notable public school system in the state. Recent economic activity in the county has seen growth in sectors like manufacturing, healthcare, and education, with institutions such as Baptist Health Floyd Hospital and Indiana University Southeast contributing to the local economy. There has also been investment in infrastructure, including broadband expansion, and a focus on attracting and retaining jobs.

[02] Market Snapshot

Housing Ratio
5.2x

Above national median (4.7x)

GDP Growth
+3.6%

Above national median

Home Prices
+3.2%

Outpacing national median

Climate & Terrain
-1.0

Below-average climate & terrain

Price/Rent
15x

Above national median (13x)

Housing is fairly valued at 5.2x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Floyd County U.S. National

The Numbers

DEMOGRAPHICS
Population
80,191
+0.75% YoY
Median Household Income
$75,686
Median Home Value
$214,800
+3.16% 12mo
Median Rent
$943
Average Annual Pay
$55,503
+4.2% YoY
Employment
32,405
+2.2% YoY
Income-to-Home-Value
0.3524
More affordable than average
Migration Inflow
3.17%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$272,500
Days on Market
88
Slower market
Months of Supply
2.8
Seller's market
Sale-to-List Ratio
97.8%
Negotiation room for buyers
Sold Above List
12.5%
Listings w/ Price Drops
25.5%
Building Permits (2024)
297
Single-Family Permits
211

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

[05] Capital Investment

$321M
TOTAL
PROJECT AMOUNT STATUS
Floyd Wind Energy Center
Invenergy
$171M Planned
Multifamily Residential Development (Floyd's Knobs)
Theeneman Group LLC
$50M Approved
Microgravity Payload Development Facility (Novaparke Innovation & Technology Campus)
Redwire Corp.
$50M Under Construction
MP Global Products Manufacturing Facility
MP Global Products, LLC
$50M Completed

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

[06] Score Breakdown

GDP Growth +3.6% 67 percentile
Population Growth +0.8% 63 percentile
Income Growth +8.3% 44 percentile
Vacancy Rate 1.6% 17 percentile
Home Price Change +3.2% 73 percentile
Rent Growth +2.9% 47 percentile
Price/Rent 15x 38 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Floyd County has a Boom Town Index score of 66/100, ranking #338 among 996 U.S. counties. With job growth at +2.2% and a median household income of $75,686, it's an above-average county on economic indicators.

Is Floyd County affordable?

The median home value in Floyd County is $214,800 with median rent at $943/month. The income-to-home-value ratio is 0.3524, which is more affordable than the national average.

Is Floyd County growing or shrinking?

Population growth: +0.8% year-over-year. Job growth: +2.2%. Home values changed +3.2% in the past 12 months.

Are people moving to Floyd County?

Yes — 3.17% of Floyd County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Monroe County, NY 76 Rock Island County, IL 76 Orange County, NY 76 Athens County, OH 76 Atlantic County, NJ 76 Roanoke County, VA 76 Cook County, IL 76 Grand Traverse County, MI 76