Counties / Indiana / Gibson County

Gibson County, IN

FIPS 18051 · population 33,000 · outside every metro area

$215k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$215k
▲ 6.1% year over year
Zillow ZHVI · direct
Median asking rent
$1,295
n/a year over year
Zillow ZORI · direct
Gross yield
7.2%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$1,001
market rent is 1.29x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+45.8%not annualized · through 2025
0%ZILLOW ZHVI2026-06+6.1%FHFA HPI2025+2.0%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$180k
Surveyed gross rent$935
Rent burden 30%+35.9%
Median year built1974
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
9.8%vacant
14,890estimated housing units
Occupied tenure23.3% renter
owner 76.7%renter 23.3%
Structure mix79.9% single-family
Single-family 79.9%20+ units 2.7%Mobile home 8.5%Other 8.9%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs21,546▲ 0.6% from the prior annual release
Covered establishments811annual average reporting locations
Average weekly wage$1,397▲ 7.0% from the prior annual release
Largest private supersectorManufacturing52.9% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+0.6%WEEKLY WAGE+7.0%Manufacturing52.9%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Gibson County’s decision tension is income against uncertain exit pricing: a $214,579 Zillow median value and $1,295 monthly median asking rent support the supplied 7.24% gross yield before costs, but concurrent MLS listing evidence shows seller concessions. Income-focused buyers should investigate property-level expenses and lease comparables; buyers dependent on continued price gains or rapid resale should be cautious.

02Housing economics

The effective property-tax rate is 0.72%, which belongs in carrying-cost analysis; the stated gross yield is not net income. HUD’s two-bedroom FMR of $1,001 is a payment standard, not an asking-rent estimate, and cannot replace the measured Zillow rent. Zillow’s 2026-06 median value was up 6.11% year over year, whereas FHFA’s separately labeled 2025 repeat-transaction HPI rose 1.96% annually and 45.82% cumulatively over five years. Both point upward, but they are different methods and vintages; neither is a value proxy for the other and they should not be averaged.

03Demand & competition

Realtor.com’s 2026-06 MLS listing market recorded 49 active listings, a 5.62% lower median listing price year over year, 43 median days on market, and 15.25% of listings reduced. These are asking-price, visible-supply, marketing-time, and concession signals—not closed-sale prices or stand-alone proof of buyer demand. Net migration was one tax-return household, while incoming movers’ average AGI exceeded outgoing movers’ by $3,982; the small net flow limits what that income difference establishes about durable demand. Investor purchase mortgages represented 7.26% of purchases, indicating participation but not pricing control or the full cash-buyer market.

04Risk & next checks

Inland flood is the dominant hazard, and modeled expected annual climate loss equals 0.13% of building value; it is modeled rather than a property-specific insurance quote. Manufacturing, the largest disclosed private supersector, accounts for 52.85% of private covered jobs in QCEW’s annual workplace measure, creating concentration to test, while QCEW is neither resident employment nor an unemployment measure. Insurance premiums, flood-zone and elevation records, vacancy, operating expenses, lease renewal data, financing terms, and closed-sale comparables are not published here; without them, net yield, insurability, submarket demand, and resale-value conclusions cannot be underwritten.

Cities & communities

Where people live within Gibson County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Princeton city8.4KFort Branch town3KOakland City city2.3KHaubstadt town1.9KOwensville town1.2KPatoka town737Francisco town537Johnson CDP379
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

12 Census places

Population
  1. 01
    Princeton cityIncorporated place
    8,372
  2. 02
    Fort Branch townIncorporated place
    3,021
  3. 03
    Oakland City cityIncorporated place
    2,262
  4. 04
    Haubstadt townIncorporated place
    1,905
  5. 05
    Owensville townIncorporated place
    1,156
  6. 06
    Patoka townIncorporated place
    737
  7. 07
    Francisco townIncorporated place
    537
  8. 08
    Johnson CDPCensus-designated place
    379
  9. 09
    Somerville townIncorporated place
    243
  10. 10
    Hazleton townIncorporated place
    196
  11. 11
    Mackey townIncorporated place
    88
  12. 12
    Buckskin CDPCensus-designated place
    83

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.133% of building value expected lost per year

Effective property tax0.72%

$1,301 median annual bill

02
DemandIRS SOI household flows
Net migration+1

819 in · 818 out

Arriving vs leaving income+$3,982

$52,965 arriving · $48,983 leaving

03
CompetitionHMDA financed purchases
Purchases by investors7.3%

26 of 358 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings49▼ 1.0% year over year
Median days on market43▼ 1.2% year over year
Listings price-reduced15.3%seller-concession signal
Median listing pricen/a▼ 5.6% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Bear case

What can break the county thesis

  1. Flood exposure or insurance costs may exceed what the modeled county-level loss ratio captures.
  2. Vacancy, repairs, management and other operating costs may materially reduce the stated gross yield.
  3. Closed-sale evidence may differ from the MLS listing-market signals and weaken resale liquidity assumptions.
Underwriting questions

Before pricing a property

Is the published market rent a HUD proxy?

No. The record separately identifies Zillow median asking rent as market rent and HUD FMR as a payment standard.

Do the MLS figures establish sale prices or buyer demand?

No. They describe listing prices, visible inventory, marketing time and price reductions rather than closed transactions or buyer demand by themselves.

Does QCEW describe employment held by county residents?

No. It measures annual covered jobs at workplaces in the county, not resident employment or unemployment.