Tipton, IN housing market
The typical Tipton home is worth about $246,000, up 3.7% in a year, 5% below the Indiana typical home.
Home values, sales, trends and how Tipton compares with the towns next door — updated as new data is published.
Tipton at a glance
Typical home value, 2016–2026
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| January | Tipton | Indiana |
|---|---|---|
| 2017 | $116,000 | $135,000 |
| 2018 | $122,000 | $144,000 |
| 2019 | $132,000 | $154,000 |
| 2020 | $143,000 | $164,000 |
| 2021 | $158,000 | $183,000 |
| 2022 | $185,000 | $209,000 |
| 2023 | $194,000 | $227,000 |
| 2024 | $208,000 | $237,000 |
| 2025 | $225,000 | $249,000 |
| 2026 | $242,000 | $256,000 |
| August 2026 | $246,000 | $260,000 |
No new homes permitted in 2011
No permits for new homes were issued in Tipton in 2011. The last year with any was 2008 (1 new home).
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 1 | 1 | 0 | $120,000 |
| 2007 | 2 | 2 | 0 | $380,000 |
| 2006 | 3 | 3 | 0 | $570,000 |
| 2005 | 9 | 9 | 0 | $1.5 million |
| 2004 | 9 | 9 | 0 | $2.1 million |
| 2003 | 13 | 13 | 0 | $2.6 million |
| 2002 | 15 | 15 | 0 | $2 million |
| 2001 | 15 | 15 | 0 | $2 million |
| 2000 | 21 | 21 | 0 | $3 million |
Tipton's permit office didn't report to the Census in 2011, so the 2011 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
4.1 years of income
The typical Tipton home costs about 4.1 years of the town's median household income, more than across Indiana (3.6 years).
How Tipton ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,370
HUD's Fair Market Rent for a two-bedroom in Tipton is $1,370 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Tipton pay a median of $848, so moving in tends to cost more than staying put. A two-bedroom takes about 27% of the town's median household income.
Studio $990 · 4 bedrooms $2,160
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (46072; Indianapolis-Carmel, IN HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.