77 / 100

Tippecanoe County, IN

Wabash

RANK #231 / 996 NAT  ·  #13 / 28 IN  ·  POP 186,955

1YR FORECAST: +1.2%

5YR OUTLOOK: +31%

Our model projects above-average housing market growth for Tippecanoe County at +1.2% over the next year.

[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.

[02] Market Snapshot

Housing Ratio
3.3x

Undervalued relative to economy

GDP Growth
+2.9%

Above national median

Home Prices
+2.0%

Above national median

Climate & Terrain
-2.8

Below-average climate & terrain

Price/Rent
12x

Strong rental yield

Housing looks undervalued at 3.3x — home prices are low 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

The Numbers

DEMOGRAPHICS
Population
186,955
+0.53% YoY
Median Household Income
$55,728
Median Home Value
$199,300
+1.97% 12mo
Median Rent
$1,020
Average Annual Pay
$61,152
+5.1% YoY
Employment
92,794
+0.2% YoY
Income-to-Home-Value
0.2796
More affordable than average
Migration Inflow
5.04%
of pop. from another state
Bachelor's Degree+
39.1%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$295,000
Days on Market
47
Moderate pace
Months of Supply
2.3
Seller's market
Sale-to-List Ratio
98.6%
Near asking price
Sold Above List
13.3%
Listings w/ Price Drops
22.6%
Building Permits (2024)
1,548
Single-Family Permits
457

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

GDP Growth +2.9% 54 percentile
Population Growth +0.5% 54 percentile
Income Growth +4.2% 2 percentile
Vacancy Rate 1.5% 23 percentile
Home Price Change +2.0% 59 percentile
Rent Growth +4.1% 68 percentile
Price/Rent 12x 70 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

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

With a Boom Town Index score of 77/100, Tippecanoe County sits in the upper half of all 996 ranked counties. and median household income stands at $55,728 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in IN.

Is Tippecanoe County affordable?

Housing in Tippecanoe County is roughly in line with national affordability norms. The median home costs $199,300 and the income-to-home-value ratio sits at 0.28, with rents averaging $1,020/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 +0.5% YoY — while the job market is roughly flat (employment change of +0.2%). Home values shifted +2.0% 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 Tippecanoe County?

In significant numbers — 5.04% of Tippecanoe 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

Hancock County, IN 80 Allen County, IN 74 LaPorte County, IN 82 St. Joseph County, IN 82 Warrick County, IN 84 Grant County, IN 85 Portage County, OH 77 Kalamazoo County, MI 77