48 / 100

Hendricks County, IN

Washington

RANK #516 / 996 NAT  ·  #23 / 28 IN  ·  POP 175,639

1YR FORECAST: +0.5%

5YR OUTLOOK: +23%

Hendricks County's housing market is projected to grow +0.5% over the next year, below the national average.

[01] Why Hendricks County?

Brownsburg, often called the "Racing Capital of the World" due to Lucas Oil Indianapolis Raceway Park, stands out in Hendricks County, Indiana. Located directly west of Indianapolis, the county offers a suburban and rural feel, with towns like Avon, Plainfield, and Danville each having their own character. Commuting to Indianapolis is generally convenient, taking about 20-30 minutes from the larger towns. The county provides various outdoor recreation opportunities, including numerous parks, trails for hiking and biking, and nature preserves like McCloud Nature Park.

Life in Hendricks County is often described as family-oriented, with highly rated public schools being a significant draw. The community is known for being friendly and active in local events. The economy is experiencing growth, driven by investments in commercial and residential development. Key sectors attracting investment include logistics, data centers, energy, and industrial operations, benefiting from the county's transportation infrastructure, including interstates and proximity to the Indianapolis International Airport. Public transportation options, such as the Plainfield Connector, also support commuting to major employment centers.

[02] Market Snapshot

Housing Ratio
5.8x

Above national median (4.7x)

GDP Growth
+3.5%

Above national median

Home Prices
+0.6%

Well below national median

Climate & Terrain
-3.6

Harsh climate or flat terrain

Price/Rent
12x

Below national median (13x)

Housing is fairly valued at 5.8x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Hendricks County Government Government
    5,000+
  2. 2
    Hendricks Regional Health Healthcare
  3. 3
    IU Health West Healthcare
  4. 4
    Amazon Fulfillment Center Logistics
  5. 5
    Home Goods Distribution Center Logistics
  6. 6
    Ozburn Hessey Logistics Logistics
  7. 7
    Adesa Auto Auction Other
  8. 8
    Avon Community School Corporation Education
  9. 9
    Plainfield Correctional Facility Government
  10. 10
    Walmart Distribution Logistics

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

[04] Home Value Growth vs National

Hendricks County U.S. National

The Numbers

DEMOGRAPHICS
Population
175,639
+2.06% YoY
Median Household Income
$95,261
Median Home Value
$257,700
+0.56% 12mo
Median Rent
$1,271
Average Annual Pay
$53,449
+4.0% YoY
Employment
81,164
+1.6% YoY
Income-to-Home-Value
0.3697
More affordable than average
Migration Inflow
6.1%
of pop. from another state
Bachelor's Degree+
39.2%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$340,000
Days on Market
55
Moderate pace
Months of Supply
2.7
Seller's market
Sale-to-List Ratio
98.2%
Near asking price
Sold Above List
10.3%
Listings w/ Price Drops
32.8%
Building Permits (2024)
1,295
Single-Family Permits
1,217

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

[05] Crime & Safety

B
SAFETY
GRADE
Homicide Rate
3.0
per 100K · nat avg 6.3
Firearm Fatalities
11.7
per 100K · nat avg 14.8
Injury Deaths
66.5
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] Air Quality

B+
AIR QUALITY
GRADE
Median AQI (3yr)
34.7
Good
Good Air Days
94%
1,009 of 1,077 days
Unhealthy+ Days (3yr)
4
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
33
2022
34
2023
37
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

$1,625M
TOTAL
PROJECT AMOUNT STATUS
Vantage Data Centers - Pittsboro Campus
Vantage Data Centers
$1,000M Planned
Plainfield Mixed-Use Complex
Unknown
$300M Under Construction
Walnut Hills Wind Project
Cordelio Power
$200M Proposed
Apple Distribution Center
Apple (operated by XPO Logistics Supply Chain)
$100M Operating
Hendricks County Economic Development Projects (EDIT Capital Improvement Plan)
Hendricks County
$25M Planned

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

[08] Score Breakdown

GDP Growth +3.5% 66 percentile
Population Growth +2.1% 89 percentile
Income Growth +8.3% 43 percentile
Vacancy Rate 0.8% 77 percentile
Home Price Change +0.6% 39 percentile
Rent Growth +2.8% 46 percentile
Price/Rent 12x 67 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

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

Hendricks County scores 48/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#516). Median household income is $95,261 and job growth is running at +1.6%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Hendricks County affordable?

By national standards, Hendricks County is quite affordable. Homes here have a median value of $257,700, and the income-to-home-value ratio of 0.37 is well above the U.S. average — especially with median rent at just $1,271/month. Residents can generally buy a home without being cost-burdened.

Is Hendricks County growing or shrinking?

Hendricks County is growing on multiple fronts. Population is up +2.1% year-over-year while employers added jobs at a +1.6% clip. Home values shifted +0.6% in the past year.

Are people moving to Hendricks County?

In significant numbers — 6.1% of Hendricks 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

Vigo County, IN 49 Boone County, IN 45 Porter County, IN 45 Morgan County, IN 55 Floyd County, IN 58 Johnson County, IN 37 Skagit County, WA 48 Bradley County, TN 48