80 / 100

Hancock County, IN

Center

RANK #203 / 996 NAT  ·  #12 / 28 IN  ·  POP 80,170

1YR FORECAST: +2.0%

5YR OUTLOOK: +32%

Our model projects Hancock County's housing market to grow +2.0% over the next year, significantly outpacing the national average.

[01] Why Hancock County?

Hancock County, Indiana, is known for Greenfield, the county seat and birthplace of "Hoosier Poet" James Whitcomb Riley. The county, situated just east of Indianapolis, offers a blend of small-town atmosphere with convenient access to a major city. Commutes to Indianapolis are generally short, often less than 15 minutes. The landscape features low rolling hills and wooded areas, with numerous parks and trails like the Pennsy Trail providing opportunities for walking, jogging, and cycling. This allows residents to enjoy outdoor recreation and connect with nature.

Life in Hancock County appeals to families and professionals seeking highly-rated public schools, including Eastern Hancock, Greenfield-Central, Mt. Vernon, and New Palestine Community Schools. The county has seen significant economic activity, with recent investments in commercial and residential development. There has been an increase in the occupancy of large warehouses, and the county is also seeing growth in sectors like industrial, logistics, and manufacturing. Additionally, there is a focus on developing an innovation corridor that connects agriculture with life sciences and technology.

[02] Market Snapshot

Housing Ratio
5.0x

Above national median (4.7x)

GDP Growth
+1.7%

Below national median

Home Prices
+2.2%

Outpacing national median

Climate & Terrain
-3.6

Harsh climate or flat terrain

Price/Rent
11x

Strong rental yield

Housing is fairly valued at 5.0x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Hancock Regional Hospital Healthcare
    1,000+
  2. 2
    Covance (Labcorp) Healthcare
  3. 3
    Elanco Animal Health Other
    500+
  4. 4
    Indiana Automotive Fasteners (IAF) Manufacturing
  5. 5
    Keihin North America Inc. (Keihin IPT Mfg. LLC) Manufacturing
  6. 6
    Walmart Supercenter Retail
  7. 7
    Amazon Logistics
  8. 8
    Hancock County School Districts (Eastern Hancock, Greenfield-Central, Mt. Vernon, Southern Hancock) Education

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

[04] Home Value Growth vs National

Hancock County U.S. National

The Numbers

DEMOGRAPHICS
Population
80,170
+1.98% YoY
Median Household Income
$85,262
Median Home Value
$235,500
+2.17% 12mo
Median Rent
$1,058
Average Annual Pay
$56,651
+3.3% YoY
Employment
29,049
+3.2% YoY
Income-to-Home-Value
0.362
More affordable than average
Migration Inflow
6.01%
of pop. from another state
Bachelor's Degree+
32.8%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$329,900
Days on Market
75
Slower market
Months of Supply
2.7
Seller's market
Sale-to-List Ratio
97.1%
Negotiation room for buyers
Sold Above List
6.0%
Listings w/ Price Drops
34.3%
Building Permits (2024)
1,091
Single-Family Permits
1,085

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

[05] Crime & Safety

A
SAFETY
GRADE
Homicide Rate
1.8
per 100K · nat avg 6.3
Firearm Fatalities
12.0
per 100K · nat avg 14.8
Injury Deaths
73.7
per 100K · nat avg 76.3
vs National Average
Well 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] Capital Investment

$1,700M
TOTAL
PROJECT AMOUNT STATUS
Hancock County MegaSite (Data Center/Industrial Campus)
Surge Development LLC
$1,000M Proposed
Whitman Villas (Hancock Gateway Park)
Equity Property Management (EPM)
$460M Under Construction
Amazon Fulfillment Center
Amazon
$100M Under Construction
West Pharmaceutical Services Manufacturing Site
West Pharmaceutical Services
$90M Planned
Walmart Fulfillment Services Distribution Center
Walmart Fulfillment Services
$50M Under Construction

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

[07] Score Breakdown

GDP Growth +1.7% 29 percentile
Population Growth +2.0% 89 percentile
Income Growth +7.8% 31 percentile
Vacancy Rate 0.5% 95 percentile
Home Price Change +2.2% 61 percentile
Rent Growth +5.8% 86 percentile
Price/Rent 11x 80 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

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

Hancock County ranks #203 out of 996 U.S. counties on the Boom Town Index with a score of 80/100, putting it in the top tier nationally. Job growth of +3.2% and a median household income of $85,262 point to a county with active economic momentum.

Is Hancock County affordable?

By national standards, Hancock County is quite affordable. Homes here have a median value of $235,500, and the income-to-home-value ratio of 0.36 is well above the U.S. average — especially with median rent at just $1,058/month. Residents can generally buy a home without being cost-burdened.

Is Hancock County growing or shrinking?

Hancock County is growing on multiple fronts. Population is up +2.0% year-over-year while employers added jobs at a +3.2% clip. Home values shifted +2.2% in the past year.

Are people moving to Hancock County?

In significant numbers — 6.01% of Hancock 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.

[09] Similar Counties by Size & Score

LaPorte County, IN 82 St. Joseph County, IN 82 Tippecanoe County, IN 77 Warrick County, IN 84 Grant County, IN 85 Allen County, IN 74 Clinton County, MI 80 Madison County, NY 80