Counties / Indiana / Hancock County

Hancock County, IN

FIPS 18059 · population 84,037 · part of Indianapolis, IN

$334k
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
$334k
▲ 2.2% year over year
Zillow ZHVI · direct
Median asking rent
$1,695
▲ 1.1% year over year
Zillow ZORI · direct
Gross yield
6.1%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$1,473
market rent is 1.15x 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+56.1%not annualized · through 2025
0%ZILLOW ZHVI2026-06+2.2%FHFA HPI2025+5.5%
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$275k
Surveyed gross rent$1,203
Rent burden 30%+40.4%
Median year built1991
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
2.6%vacant
34,370estimated housing units
Occupied tenure20.5% renter
owner 79.5%renter 20.5%
Structure mix87.3% single-family
Single-family 87.3%20+ units 1.9%Mobile home 1.4%Other 9.4%
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 jobs30,222▲ 4.0% from the prior annual release
Covered establishments2,142annual average reporting locations
Average weekly wage$1,125▲ 3.3% from the prior annual release
Largest private supersectorTrade, transportation, and utilities29.0% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+4.0%WEEKLY WAGE+3.3%Trade, transportation, and utilities29.0%
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

Hancock County presents an income-versus-risk underwriting tension for investors willing to inspect specific flood exposure and carrying costs; those needing turnkey net-income evidence should be cautious. Zillow’s 2026-06 county median home value was $334,315 and its median asking rent was $1,695 per month, with a stated 6.08% gross yield before costs. This is a county-level screen, not proof that an individual asset can achieve the median rent or yield.

02Housing economics

At the Zillow observation, value growth was 2.22% year over year. Separately, FHFA’s 2025 repeat-transaction HPI increased 5.55% annually; it is an index of matched transactions rather than a home value, so it confirms an upward direction but cannot be averaged with Zillow’s different-vintage measure. The reported effective property-tax rate and median annual tax sit outside gross yield. HUD’s two-bedroom FMR is a payment standard, not a market-rent estimate; it should not replace the published asking-rent measure.

03Demand & competition

Realtor.com’s 2026-06 MLS record has active listings 21.65% above a year earlier. That measures visible asking-price supply, rather than closed sales or buyer demand, and price reductions are seller-concession evidence while marketing time is a timing measure. The 2025 QCEW annual workplace series reports growth in covered employment; Trade, transportation, and utilities is the largest disclosed private supersector, not the whole economy or resident employment. Tax-return migration was net positive, and average AGI was $74,593 for movers in versus $64,203 for movers out. Investors accounted for 75 of 1,601 purchases, or 4.68%, a mortgage-based measure that excludes cash activity.

04Risk & next checks

Inland flood is the dominant hazard, and modeled expected annual building-value loss is 0.11%; this makes property-level flood maps, insurance quotes, elevation, prior losses and mitigation central checks. Insurance, maintenance, vacancy, financing, condition and submarket-rent data are not published in this record, preventing a net-cash-flow conclusion. No closed-sale or property-level transaction evidence is published here to establish acquisition pricing. County evidence also cannot show which neighborhoods retain migrant demand or whether a particular home faces the modeled hazard.

Cities & communities

Where people live within Hancock 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
Greenfield city24.9KMcCordsville town10.3KCumberland town*6.3KFortville town5KNew Palestine town3.2KShirley town*1KPhiladelphia CDP431Maxwell CDP413
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

15 Census places

Population
  1. 01
    Greenfield cityIncorporated place
    24,940
  2. 02
    McCordsville townIncorporated place
    10,329
  3. 03
    Cumberland townIncorporated place · spans 2 counties
    6,267
  4. 04
    Fortville townIncorporated place
    4,976
  5. 05
    New Palestine townIncorporated place
    3,227
  6. 06
    Shirley townIncorporated place · spans 2 counties
    1,022
  7. 07
    Philadelphia CDPCensus-designated place
    431
  8. 08
    Maxwell CDPCensus-designated place
    413
  9. 09
    Charlottesville CDPCensus-designated place
    398
  10. 10
    Wilkinson townIncorporated place
    385
  11. 11
    Carrollton CDPCensus-designated place · spans 2 counties
    267
  12. 12
    Spring Lake townIncorporated place
    224
Show 3 more places
  1. 13
    Willow Branch CDPCensus-designated place
    167
  2. 14
    Warrington CDPCensus-designated place
    97
  3. 15
    Eden CDPCensus-designated place
    20

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

0.109% of building value expected lost per year

Effective property tax0.66%

$1,806 median annual bill

02
DemandIRS SOI household flows
Net migration+1,124

3,759 in · 2,635 out

Arriving vs leaving income+$10,390

$74,593 arriving · $64,203 leaving

03
CompetitionHMDA financed purchases
Purchases by investors4.7%

75 of 1,601 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 listings295▲ 21.6% year over year
Median days on market40▼ 13.2% year over year
Listings price-reduced21.2%seller-concession signal
Median listing pricen/a▼ 0.3% year over year

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

Same metro

The other counties in Indianapolis, IN

A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.

CountyPopulationPriceRentYieldHazard
Hancock County84,037$334k$1,6956.1%inland flooding
Marion County975,809$234k$1,4167.3%inland flooding
Hamilton County365,056$471k$1,8374.7%inland flooding
Hendricks County183,344$349k$1,8696.4%inland flooding
Johnson County166,315$318k$1,6416.2%inland flooding
Madison County131,900$194k$1,0876.7%inland flooding
Boone County74,718$425k$1,9305.5%inland flooding
Morgan County72,659$304k$1,6526.5%inland flooding
Shelby County45,265$249k$1,1435.5%inland flooding
Bear case

What can break the county thesis

  1. Flood insurance, elevation needs, or prior-loss history may make a property’s net economics materially weaker than the county screen.
  2. County median asking rent may not match a target unit’s rent, occupancy, condition, or maintenance burden.
  3. MLS listing conditions may not translate into closed-sale pricing or acquisition availability.
Underwriting questions

Before pricing a property

Is a measured market-rent figure published?

Yes. The record publishes a county median asking rent, while HUD FMR is separately a two-bedroom payment standard.

What does the employment record measure?

It is QCEW annual covered employment at workplaces in the county, not resident employment, unemployment, or a forecast.

Does reported investor participation include cash buyers?

No. It is a nonoccupant mortgage-purchase measure and does not capture cash investor activity.