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Hancock County, IN

RANK #269 / 1001 NAT  ·  #11 / 28 IN  ·  POP 84,037

1YR FORECAST: +2.1%

5YR OUTLOOK: +20%

Our model projects above-average housing market growth for Hancock County at +2.1% over the next year.

[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.

MARKET PROFILE

Idiosyncratic Markets

Hancock County's data profile doesn't fit any single market profile cleanly — its housing, labor, and demographic signals pull in different directions (home prices +2.1% YoY, population +2.5%, wages +3.3%). About 414 U.S. counties show this kind of mixed-signal pattern.

See all 414 Idiosyncratic Markets counties →

[02] Market Snapshot

Housing Ratio
13.1x

Overvalued relative to economy

Home Prices
+2.1%

Above national median

Climate & Terrain
-3.6

Harsh climate or flat terrain

Price/Rent
13x

Below national median (15x)

Housing looks overvalued at 13.1x — home prices are high 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

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
84,037
+2.47% YoY
Median Household Income
$93,186
Median Home Value
$274,800
+2.14% 12mo
Median Rent
$1,203
Average Annual Pay
$58,519
+3.3% YoY
Employment
30,233
+4.1% YoY
Income-to-Home-Value
0.3391
More affordable than average
Migration Inflow
4.95%
of pop. from another state
Bachelor's Degree+
34.9%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$349,745
Days on Market
43
Moderate pace
Months of Supply
1.8
Seller's market
Sale-to-List Ratio
98.7%
Near asking price
Sold Above List
16.1%
Listings w/ Price Drops
39.6%
Building Permits (2025)
1,212
Single-Family Permits
1,057

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

[05] Crime & Safety

A
SAFETY
GRADE
Homicide Rate
1.8
per 100K · nat avg 6.5
Firearm Fatalities
12.0
per 100K · nat avg 13.4
Injury Deaths
73.7
per 100K · nat avg 83.6
vs National Average
Well below national avg
based on homicide rate
10-Year Trend
Down 10% since 2019
homicide rate, 2019 → 2025

Source: Homicide rates from CDC/NCHS vital-statistics mortality data — a multi-year average that stabilizes counts in smaller counties — compiled in the County Health Rankings 2025 release. Rates per 100,000 population; U.S. average ≈ 6.5. Grade reflects homicide rate relative to the national average. Learn more →

See where Hancock County stands nationally: safest large counties in America · highest homicide-rate counties · counties where safety is improving.

[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

Population Growth +2.5% 92 percentile
Income Growth +2.0% 32 percentile
Vacancy Rate 0.7% 76 percentile
Home Price Change +2.1% 50 percentile
Rent Growth +1.8% 27 percentile
Price/Rent 13x 75 percentile

Bars show percentile rank among all 1001 counties.

[08] Frequently Asked Questions

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

With a Boom Town Index score of 73/100, Hancock County sits in the upper half of all 1001 ranked counties. Employment is expanding at +4.1%, and median household income stands at $93,186 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in IN.

Is Hancock County affordable?

Housing in Hancock County is roughly in line with national affordability norms. The median home costs $274,800 and the income-to-home-value ratio sits at 0.34, with rents averaging $1,203/month. Not a bargain, but not a stretch for most local earners either.

Is Hancock County growing or shrinking?

Hancock County is growing on multiple fronts. Population is up +2.5% year-over-year while employers added jobs at a +4.1% clip. Home values shifted +2.1% in the past year.

Are people moving to Hancock County?

There's a moderate stream of newcomers. About 4.95% of residents moved from another state, which is above average and suggests Hancock County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Allen County, IN 74 Madison County, IN 74 Vigo County, IN 70 Lake County, IN 66 LaPorte County, IN 83 St. Joseph County, IN 84 Franklin County, MA 73 Jefferson County, OH 73