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Tippecanoe County, IN

RANK #548 / 1001 NAT  ·  #19 / 28 IN  ·  POP 189,071

1YR FORECAST: +0.9%

5YR OUTLOOK: +27%

Tippecanoe County's housing market is projected to grow +0.9% over the next year, below the national average.

[01] Why Tippecanoe County?

Tippecanoe County, Indiana, is perhaps best known as home to Purdue University, a major institution that shapes the character of West Lafayette. The county, located in west-central Indiana, sits less than 50 miles from Indianapolis, with an average commute time of 16.7 minutes, shorter than the national average. The Wabash River flows through the county, offering scenic views and recreational opportunities like hiking along the Wabash Heritage Trail. The area maintains a blend of urban amenities and rural charm, with parks and natural areas providing outdoor recreation.

Life in Tippecanoe County offers a mix of family-friendly towns and access to educational institutions. Public schools in the county are highly rated. The economy is largely driven by its two largest cities, Lafayette and West Lafayette, with Purdue University being the largest employer. Beyond education, manufacturing and healthcare are also significant employment sectors. Recent economic developments include state funding aimed at supporting the growing technology sector and improving quality of life initiatives.

MARKET PROFILE

Idiosyncratic Markets

Tippecanoe County's data profile doesn't fit any single market profile cleanly — its housing, labor, and demographic signals pull in different directions (home prices +1.9% YoY, population +0.9%, wages +1.5%). About 414 U.S. counties show this kind of mixed-signal pattern.

See all 414 Idiosyncratic Markets counties →

[02] Market Snapshot

Housing Ratio
7.9x

Overvalued relative to economy

Home Prices
+1.9%

Above national median

Climate & Terrain
-2.8

Below-average climate & terrain

Price/Rent
15x

Below national median (15x)

Housing looks overvalued at 7.9x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Purdue University Education
    5,000+
  2. 2
    Subaru of Indiana Automotive (SIA) Manufacturing
  3. 3
    Evonik Corp (Tippecanoe Laboratories) Manufacturing
    500+
  4. 4
    Caterpillar Inc. Manufacturing
  5. 5
    Wabash National Corporation Manufacturing
  6. 6
    Franciscan Health Lafayette Healthcare
  7. 7
    State Farm Insurance Finance
  8. 8
    Ivy Tech Community College Education
  9. 9
    Fairfield Manufacturing Co Inc (Oerlikon Fairfield) Manufacturing
  10. 10
    Arconic Manufacturing

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

[04] Home Value Growth vs National

Tippecanoe 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
189,071
+0.89% YoY
Median Household Income
$60,636
Median Home Value
$239,300
+1.9% 12mo
Median Rent
$1,124
Average Annual Pay
$62,093
+1.5% YoY
Employment
91,913
-0.9% YoY
Income-to-Home-Value
0.2534
More affordable than average
Migration Inflow
4.9%
of pop. from another state
Bachelor's Degree+
40.5%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$305,000
Days on Market
18
Very hot — homes selling fast
Months of Supply
1.7
Seller's market
Sale-to-List Ratio
99.1%
Near asking price
Sold Above List
24.9%
Listings w/ Price Drops
38.7%
Building Permits (2025)
3,979
Single-Family Permits
553

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

[05] Crime & Safety

B
SAFETY
GRADE
Homicide Rate
3.4
per 100K · nat avg 6.3
Firearm Fatalities
10.2
per 100K · nat avg 14.8
Injury Deaths
67.7
per 100K · nat avg 76.3
vs National Average
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)
40.7
Good
Good Air Days
69%
718 of 1,048 days
Unhealthy+ Days (3yr)
6
Includes 1 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
44
2022
36
2023
42
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

$205M
TOTAL
PROJECT AMOUNT STATUS
Rainbow Trout Solar
RWE
$120M Proposed
Purdue Research Park (Phases 3 & 4)
Purdue Research Foundation / Duke Energy
$50M Planned
Greater Lafayette Region READI 2.0 Program
State of Indiana / Greater Lafayette Commerce
$35M Planned

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

[08] Score Breakdown

Population Growth +0.9% 62 percentile
Income Growth +3.4% 67 percentile
Vacancy Rate 1.4% 24 percentile
Home Price Change +1.9% 54 percentile
Rent Growth +3.4% 59 percentile
Price/Rent 15x 55 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

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

Tippecanoe County scores 45/100 on the Boom Town Index, landing in the middle of the pack among 1001 U.S. counties (#548). Median household income is $60,636 and job growth is running at -0.9%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Tippecanoe County affordable?

Housing in Tippecanoe County is roughly in line with national affordability norms. The median home costs $239,300 and the income-to-home-value ratio sits at 0.25, with rents averaging $1,124/month. Not a bargain, but not a stretch for most local earners either.

Is Tippecanoe County growing or shrinking?

Tippecanoe County's population is growing — up +0.9% YoY — while the job market is roughly flat (employment change of -0.9%). Home values shifted +1.9% 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 Tippecanoe County?

There's a moderate stream of newcomers. About 4.9% of residents moved from another state, which is above average and suggests Tippecanoe County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

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