Steuben County Area Home Supply Charts

This page looks at a variety of Steuben County Indiana housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Steuben County depicts it has a Housing Units of 18,924 which is in the mid range of other counties in the local area.

Figure 2 illustrates the housing density in the Steuben County housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Steuben County shows it has a Housing Density of 61.3 which is the largest of all counties in the greater Steuben County region. Comparing housing density to the United States average of 39.5, Steuben County is 55.0% larger. Also, in comparison with the state of Indiana, housing density of 81.3, Steuben County is approximately three-fourths the size.

In Figure 3, Steuben County area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Steuben County shows it has a Housing Unit Change of -2.3% which is the smallest as measured by change in the housing units of all the other counties in the metro area. The county with the highest change in the housing units in the area is LaGrange County which indicates a housing units of 4.8% (about twice as large). Comparing change in the housing units to the United States average of 7.4%, Steuben County is about the same size. Also, in contrast to the state of Indiana, change in the housing units of 4.2%, Steuben County is about the same size.

Figure 4 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Steuben County shows it has a Renter Percent of 20.7% which is less than most other counties in the metro area. Figure 5 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 79.3% which is the third most owner percent of all other counties in the greater Steuben County region.

Steuben County Home Cost Charts

Figure 7 provides aggregate comparative data for the Steuben County Indiana metro area in terms of the median housing rental rate, apartment rent, etc. Steuben County depicts it has a Median Gross Rent of $813 which is at the top of all other counties in the greater Steuben County region. Comparing rental rates to the United States average of $1,163, Steuben County is approximately three-fourths the size. Also, compared to the state of Indiana, rental rates of $891, Steuben County is about 9.6% smaller.

Median owner costs for the real estate market are shown in Figure 8 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Steuben County depicts it has a Median Owner Cost of $837 which is the second most median ownership cost of all the counties in the greater Steuben County region. Figure 9 shows the median amount of cost as a percent of total household income for people who own homes in the Steuben County metro area. it has a Owner Cost as % of HH Income of 15% which is in the mid range of other counties in the surrounding region. The next chart, Figure 10, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Steuben County shows it has a Median Home Value as Percent of Median Earnings of 332% which is the second most median home value as a percent of median worker earnings of all the counties in the greater Steuben County region.

Next shown in Figure 11 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Steuben County shows it has a % of Income Owner Costs-With Mortgage of 19% which is the third most of all other counties in the greater region. The county with the highest cost as a percent of household income in the area is Branch County which depicts a cost as a percent of household income of 20% (only about 4.2% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 12. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Steuben County depicts it has a % of Income Owner Costs-No Mortgage of 9% which is in the middle range of other counties in the local area. The county with the highest cost as a percent of household income in the area is Branch County which shows a cost as a percent of household income of 12% (31.1% larger).

Figure 13 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Steuben County has the smallest proportion of rent as a percent of income is less than 10 pct at 21% of the total.

Figure 14 shows the total housing cost for both home owners and apartment community renters in the area. Steuben County has the smallest proportion of housing cost between $300 and $500 at 14% of the total. Second, it has the smallest proportion of housing cost between $500 and $700 at 22% of the total. Third, it has the largest proportion of housing cost between $1,500 and $2,000 at 3% of the total and is ranked #1.

Figure 15 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $1,021 which is less than most other counties in the metropolitan area. The county with the highest median real estate taxes paid in the area is Branch County which depicts a taxes paid of $1,603 (57.0% larger). Comparing median real estate taxes paid to the United States average of $2,690, Steuben County is approximately a third the size. Also, compared with the state of Indiana, median real estate taxes paid of $1,308, Steuben County is approximately three-fourths the size.

Steuben County Home Characteristics Charts

Figure 19 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1980 which is the highest of all counties in the greater Steuben County region.

Figure 20 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built between 2000 to 2009 at 19% of the total and is ranked #1. Second, it has the smallest proportion of homes built between 1960 to 1969 at 7% of the total. Third, it has the smallest proportion of homes built between 1940 to 1949 at 19% of the total. Figure 21 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 2010 to 2014 at 28% of the total and is ranked #1. Figure 22 shows the year that people who rent moved into the area. Steuben County has the largest proportion of renters moved in 2019 or later at 52% of the total and is ranked #1. Second, it has the smallest proportion of renters moved in 2010 to 2014 at 5% of the total. Third, it has the largest proportion of renters moved in 2000 to 2009 at 5% of the total and is ranked #1. Also, it has the largest proportion of renters moved in 1990 to 1999 at 3% of the total and is ranked #1.