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Hendricks County, IN

RANK #576 / 1001 NAT  ·  #22 / 28 IN  ·  POP 183,344

1YR FORECAST: +0.0%

5YR OUTLOOK: +27%

Hendricks County's housing market is projected to grow +0.0% 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.

MARKET PROFILE
LEANS TOWARD

Educated Suburban Growth

Hendricks County is one of 110 U.S. counties in this market profile — near the profile average on the BoomTown Index. Within this cohort, its recent home-price change of +1.0% runs below the profile's typical +2.4%.

See all 110 Educated Suburban Growth counties →

[02] Market Snapshot

Housing Ratio
12.6x

Overvalued relative to economy

Home Prices
+1.0%

Below national median

Climate & Terrain
-3.6

Harsh climate or flat terrain

Price/Rent
14x

Below national median (15x)

Housing looks overvalued at 12.6x — home prices are high 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

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
183,344
+2.21% YoY
Median Household Income
$101,144
Median Home Value
$307,600
+1.02% 12mo
Median Rent
$1,436
Average Annual Pay
$55,197
+3.3% YoY
Employment
81,409
+0.3% YoY
Income-to-Home-Value
0.3288
More affordable than average
Migration Inflow
5.49%
of pop. from another state
Bachelor's Degree+
39.5%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$350,000
Days on Market
24
Active market
Months of Supply
1.3
Seller's market
Sale-to-List Ratio
99.0%
Near asking price
Sold Above List
17.5%
Listings w/ Price Drops
42.0%
Building Permits (2025)
1,654
Single-Family Permits
1,583

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

Population Growth +2.2% 90 percentile
Income Growth +1.2% 18 percentile
Vacancy Rate 0.8% 65 percentile
Home Price Change +1.0% 38 percentile
Rent Growth +3.1% 53 percentile
Price/Rent 14x 68 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

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

Hendricks County scores 42/100 on the Boom Town Index, landing in the middle of the pack among 1001 U.S. counties (#576). Median household income is $101,144 and job growth is running at +0.3%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Hendricks County affordable?

Housing in Hendricks County is roughly in line with national affordability norms. The median home costs $307,600 and the income-to-home-value ratio sits at 0.33, with rents averaging $1,436/month. Not a bargain, but not a stretch for most local earners either.

Is Hendricks County growing or shrinking?

Hendricks County's population is growing — up +2.2% YoY — while the job market is roughly flat (employment change of +0.3%). Home values shifted +1.0% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Hendricks County?

In significant numbers — 5.49% 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

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