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Farmland, IN
Full City Profile · Indiana · Randolph County County
3.0
/5.0
B
Good
1,345
Population
2,538/sq mi density
$41,516
Median Income
$22,461 per capita
$92,900
Home Value
$173,009 Zillow
$826
Median Rent
32.4% income on rent
51°F
Avg Temperature
275 sunny days/yr
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.8 / 5.0
$41,516 median income, 3.5% unemployment
A+
Affordability
5.0 / 5.0
$92,900 home value, $826/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
D
Education
1.9 / 5.0
11.0% bachelor's degree or higher
Housing Overview
Median Home Value
$92,900
67% below
US avg: $281,900
Median Rent
$826/mo
29% below
US avg: $1,163/mo
Homeownership Rate
53.0%
19% below US avg (65.4%)
Total Housing Units
567
Median year built: 1961
Home Value by Source
Census Median
$92,900
Zillow (ZHVI)
$173,009
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
53.0%
Owner-Occupied
47.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent:
$826/mo
Affordability & Housing Stock
Rent Burden
32.4%
of renters spending 30%+ of income on housing
5% above US avg (31.0%)
Median Year Built
1961
Average age of housing stock: 65 years
Homeownership Rate
53.0%
Complete Housing Data
Home Values
| Census Median Value | $92,900 |
| Zillow Home Value (ZHVI) | $173,009 |
Rent
| Census Median Rent | $826 |
| FMR Studio | $816 |
| FMR 1-Bedroom | $882 |
| FMR 2-Bedroom | $1,096 |
| FMR 3-Bedroom | $1,391 |
| FMR 4-Bedroom | $1,590 |
Market
Ownership & Stock
| Owner-Occupied | 53.0% |
| Renter-Occupied | 47.0% |
| Homeownership Rate | 53.0% |
| Total Housing Units | 567 |
| Median Year Built | 1961 |
| Rent Burden | 32.4% |