Cost of Living in Randolph County, Indiana

$741/mo

Median Monthly Rent

$106,000

Median Home Value

16% below state averageUnaffordable

At a Glance

Median Monthly Rent

$741/mo

16% below state average

Median Home Value

$106,000

62% below national

Rent-to-Income Ratio

29.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Randolph County Compares

Median monthly rent comparison

Randolph County$741/mo

Indiana Average$883/mo

National Median$1,163/mo

Detailed Housing Stats

$741/mo

Median Gross Rent

$106,000

Median Home Value

$748/mo

Monthly Owner Cost

29.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Randolph County, Indiana

Randolph: Affordable for Budget Buyers

Randolph County renters spend 14.6% of income on housing, just below Indiana's 15.6% state average and comfortably below the 30% affordability threshold. Its median home value of $106,000 is the lowest in the region, making homeownership accessible for first-time buyers.

Indiana's Budget Homeownership Leader

Randolph County ranks among Indiana's most affordable counties for buying, with a $106,000 median home value that leads this analysis by far. This combination of low home prices and reasonable incomes creates exceptional entry-point opportunities for homebuyers.

Lowest Prices in the Region

Randolph's $741 median rent is competitive across the region, while its $106,000 median home value is $28,600 cheaper than Pulaski County's next-lowest option. For buyers prioritizing affordability above all, Randolph stands alone among its peers.

Maximum Value for Your Dollar

Randolph renters dedicate $741 monthly from a $61,121 annual income ($5,093 monthly), leaving 85% of earnings available for other expenses. Homeowners pay just $748 monthly—competitive with renters—on properties worth $106,000, offering tremendous wealth-building potential.

Randolph for First-Time Homebuyers

If affordable homeownership is your priority, Randolph County's $106,000 median home value and $748 monthly payment are hard to beat in Indiana. Compare it with neighboring Pulaski County if you want additional renting options before committing to a purchase.

Affordability Calculator

See how your income compares to housing costs in Randolph County

Your Annual Household Income

Rent Burden

14.5%

of gross income

Max Housing (28% Rule)

$1,426

per month

Owner Cost Burden

14.7%

of gross income

You can likely afford the median home in Randolph County

Median home value is $106,000. Estimated monthly cost: $846 vs. your max of $1,426.

Rent Affordability Guide

Your rent-to-income ratio14.5%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Randolph County, Indiana?

Randolph County, Indiana has a median monthly rent of $741/mo and a median home value of $106,000. The affordability rating is Unaffordable, with rent making up approximately 29.0% of median household income.

What is the median rent in Randolph County?

The median gross rent in Randolph County is $741/mo. This is 16% below state average for Indiana.

Is Randolph County affordable?

Randolph County is rated Unaffordable based on rent-to-income ratio of 29.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Randolph County's rent compare to the state average?

Randolph County's median rent of $741/mo is 16% below state average of $883/mo for Indiana.

What is the median home value in Randolph County?

The median home value in Randolph County, Indiana is $106,000. This is 62% below the national median home value of $281,900.