{"area":{"county":"Owen County","state":"IN","stateName":"Indiana","slug":"owen-in","metro":"Owen County, IN HUD Metro FMR Area"},"homeValue":{"series":[{"date":"2021-04-01","value":145600},{"date":"2021-07-01","value":149723},{"date":"2021-10-01","value":152188},{"date":"2022-01-01","value":159247},{"date":"2022-04-01","value":171105},{"date":"2022-07-01","value":172400},{"date":"2022-10-01","value":169010},{"date":"2023-01-01","value":168487},{"date":"2023-04-01","value":173871},{"date":"2023-07-01","value":176830},{"date":"2023-10-01","value":176194},{"date":"2024-01-01","value":177381},{"date":"2024-04-01","value":184809},{"date":"2024-07-01","value":192010},{"date":"2024-10-01","value":185246},{"date":"2025-01-01","value":188688},{"date":"2025-04-01","value":194083},{"date":"2025-07-01","value":190459},{"date":"2025-10-01","value":196144},{"date":"2026-01-01","value":193901},{"date":"2026-04-01","value":194861}],"latest":194861,"yoy":0.4008594261218139,"fiveYr":33.833104395604394,"sinceStart":435.62671797691036,"modeled":true},"rent":{"series":[{"date":"2026-11-01","value":1014}],"latest":1014,"yoy":null,"fiveYr":null,"sinceStart":null,"modeled":true},"census":{"medianIncome":62464,"population":21604,"povertyRate":12.33787671555912,"medianHomeValue":172400,"medianGrossRent":911,"medianPropertyTax":1145},"hud":{"county":"Owen County","year":"2027","perUnit":1014,"bedrooms":2,"estimated":false,"baseBedrooms":2},"crime":{"scope":"state","state":"Indiana","period":"11-2024 to 10-2026","window":{"from":"11-2024","to":"10-2026","fellBack":false},"violentCrime":{"total":28362,"ratePer100k":203.3604303709575},"propertyCrime":{"total":119646,"ratePer100k":857.8824501855856},"note":"State-level totals from the FBI CDE summarized offense endpoint."},"crimeVintage":{"from":"11-2024","to":"10-2026","fellBack":false},"priceToRentRatio":16,"ratioVerdict":"Borderline — at 16.0× the market leans renting (modeled investor cash flow is negative, so this is owner-occupant math — it is not a claim of strong rental yield)","priceCagr":6.002516610539321,"rentCagr":3,"cashFlow":{"price":194861,"monthlyRent":1014,"grossRent":1014,"downPct":20,"ratePct":6.75,"units":1,"state":"IN","down":38972.200000000004,"loan":155888.8,"mortgagePI":1011.0917895630324,"monthlyTax":107.82308666666667,"taxRatePct":0.664,"taxRateSource":"Census ACS county effective rate 0.66% ($1,145 tax ÷ $172,400 ACS median), applied to current value","monthlyInsurance":87.68745000000001,"insuranceRatePct":0.54,"insuranceBasis":"Insurance: state-level estimate (IN avg 0.54%/yr)","insuranceHighRisk":false,"vacancyPct":5,"vacancyLoss":50.7,"egi":963.3,"mgmtPct":10,"monthlyMgmt":101.4,"maintenancePct":5,"monthlyMaint":50.7,"capexPct":5,"monthlyCapex":50.7,"hoaMonthly":0,"monthlyHoa":0,"operatingExpenses":398.3105366666666,"noi":564.9894633333333,"totalExpenses":1409.4023262296992,"cashFlow":-446.1023262296991,"annualCf":-5353.2279147563895,"cocReturn":-13.736016736946821,"capRate":3.479338379665505},"resilience":{"scenarios":[{"id":"rentDown","label":"Rent drops 10%","kind":"standard","detail":"Standard assumption","cashFlow":-522.152326229699,"delta":-76,"survives":false},{"id":"vacancy","label":"Vacancy stretches to 8%","kind":"standard","detail":"Standard assumption","cashFlow":-476.52232622969905,"delta":-30,"survives":false},{"id":"insurance","label":"Insurance costs rise 25%","kind":"standard","detail":"Standard assumption","cashFlow":-468.0241887296992,"delta":-22,"survives":false},{"id":"rateReset","label":"If financed at 8.25% instead","kind":"standard","detail":"Fixed-rate comparison — the deal if you'd borrowed at a higher rate today; your actual fixed payment never resets","cashFlow":-606.1510305224044,"delta":-160,"survives":false},{"id":"historyHome","label":"Worst market shock in available history (since 1986-07-01) (home values −3.7% over 6 months)","kind":"history","detail":"History-derived proxy: worst decline found in any window of up to 12 months in the state FHFA home-value series, 2010-10-01 → 2011-04-01, applied to rent","cashFlow":-474.5943623967627,"delta":-28,"survives":false}],"survived":0,"total":5,"score":0,"worstCashFlow":-606.1510305224044,"baselineCashFlow":-446.1023262296991,"framing":"underwater","confidenceLabel":"verified","omitted":[],"note":"Each scenario re-runs the same verified cash-flow engine with one shock applied, then re-checks the cash-flow identity before display. Standard shocks are fixed assumptions; the history-derived scenario is this market's own worst observed 12-month decline. Estimates only — not a guarantee of performance."},"rentVsBuy":{"years":7,"priceCagr":6.002516610539321,"rentCagr":3,"totalRentPaid":93236.83981632728,"totalCashOutlay":162671.35421964835,"insuranceBasis":"Insurance: state-level estimate (IN avg 0.54%/yr)","homeValueAfter":293047.59322194685,"equityBuilt":151520.0905273427,"netCostOfBuying":50123.46369230567,"buyingCheaper":true,"savings":43113.37612402161},"priceToIncome":{"ratio":3.11957287397541,"price":194861,"medianIncome":62464,"label":"Moderate (3–5x — tighter budgets)"},"countyTaxRatePct":0.664,"countyTaxSource":"Census ACS county effective rate 0.66% ($1,145 tax ÷ $172,400 ACS median), applied to current value","dataCheck":{"status":"verified","checks":[{"metric":"home value (vintage update)","primary":194861,"secondary":172400,"primarySource":"current estimate (ACS county median × FHFA metro HPI growth)","secondarySource":"raw ACS 2023 county median (as measured ~2021)","ratio":1.13,"grade":"verified","consistent":true,"hidePoint":false},{"metric":"HUD fair market rent","primary":1014,"secondary":911,"primarySource":"HUD FMR (county)","secondarySource":"Census ACS (county gross rent)","ratio":1.11,"grade":"verified","consistent":true,"hidePoint":false}],"confidence":{"homeValue":{"label":"verified","ratio":1.13,"sources":["current estimate (ACS county median × FHFA metro HPI growth)","raw ACS 2023 county median (as measured ~2021)"],"hidePoint":false,"range":{"low":172400,"high":194861}},"rent":{"label":"verified","ratio":1.11,"sources":["HUD FMR (county)","Census ACS (county gross rent)"],"hidePoint":false,"range":{"low":911,"high":1014}},"income":{"label":"estimate","sources":["Census ACS"]},"crime":{"label":"estimate","sources":["FBI CDE"]}},"note":"Every headline metric is checked against a second figure, and each check names its own basis. The rent and property-price checks pair genuinely independent datasets (HUD FMR vs Census ACS gross rent; your price vs the county estimate). The home-value check compares our current estimate (ACS county median updated by the FHFA state index) against the raw ACS 2023 median — its spread reflects price movement since the ACS measurement period (~2021), not disagreement between unrelated sources. 'Verified' means the two figures agree within 15%; 'Cross-checked' means they diverge more than 15%; 'Divergent' flags a >2x difference. A spread beyond 35% is too wide to defend a single point — the headline shows the source range instead, flagged 'sources disagree'."},"integrity":{"status":"pass","checks":[{"name":"home value freshness","status":"pass","detail":"latest 2026-04-01 (229d old — current for quarterly cadence)"},{"name":"home value card↔chart","status":"pass","detail":"card matches chart"},{"name":"home value growth window","status":"pass","detail":"growth matches the 5.0yr available window"},{"name":"rent freshness","status":"pass","detail":"latest 2026-11-01 (15d old — current for monthly cadence)"},{"name":"rent card↔chart","status":"pass","detail":"card matches chart"},{"name":"cash flow identity","status":"pass","detail":"NOI − P&I = cash flow"},{"name":"cash-on-cash","status":"pass","detail":"annual CF ÷ down matches"},{"name":"cap rate","status":"pass","detail":"NOI×12 ÷ price matches"},{"name":"price-to-rent","status":"pass","detail":"price ÷ (rent×12) matches"},{"name":"income plausibility","status":"pass","detail":"within expected range"},{"name":"price-to-income","status":"pass","detail":"price ÷ income matches"},{"name":"buy-vs-rent: home value at term","status":"pass","detail":"compounds at 6.0%/yr"},{"name":"buy-vs-rent: total rent paid","status":"pass","detail":"geometric series matches"},{"name":"buy-vs-rent: equity built","status":"pass","detail":"home value − loan balance matches"},{"name":"buy-vs-rent: net cost","status":"pass","detail":"outlay − equity gain matches"},{"name":"buy-vs-rent: savings & verdict","status":"pass","detail":"savings = rent − net cost, verdict matches"}],"summary":"16/16 verified","freshness":{"homeValue":{"date":"2026-04-01","ageDays":229,"cadence":"quarterly","current":true},"rent":{"date":"2026-11-01","ageDays":15,"cadence":"monthly","current":true}}},"confidence":{"homeValue":{"label":"verified","ratio":1.13,"sources":["current estimate (ACS county median × FHFA metro HPI growth)","raw ACS 2023 county median (as measured ~2021)"],"hidePoint":false,"range":{"low":172400,"high":194861}},"rent":{"label":"verified","ratio":1.11,"sources":["HUD FMR (county)","Census ACS (county gross rent)"],"hidePoint":false,"range":{"low":911,"high":1014}},"income":{"label":"estimate","sources":["Census ACS"]},"crime":{"label":"estimate","sources":["FBI CDE"]}},"verdict":"Owen County, IN is a moderate market — a 16.0x price-to-rent ratio is borderline, leaning renting; individual deals decide the outcome.","faqs":[{"q":"Is Owen County, IN a good rental market?","a":"Mixed. Owen County's 16.0x price-to-rent ratio is moderate; rentals can cash flow, but only on well-priced properties."},{"q":"What is the median home value in Owen County?","a":"The typical home value in Owen County is about $194,861 (county-level, Census ACS & FHFA metro HPI), up 0.4% year-over-year, and up 33.8% over five years."},{"q":"What is the median rent in Owen County?","a":"The typical rent in Owen County is about $1,014/mo (county-level, HUD 2-bedroom benchmark bridged from Census ACS gross rent), a current modeled estimate."},{"q":"Is it cheaper to rent or buy in Owen County?","a":"Over a 7-year horizon, buying is cheaper in Owen County — roughly $43,113 ahead of renting, with about $151,520 in equity built."},{"q":"Is Owen County affordable for homebuyers?","a":"Owen County's median home value is 3.1x the local median household income — Moderate (3–5x — tighter budgets)."},{"q":"What is the property tax rate in Owen County?","a":"Owen County's effective property tax rate is about 0.66% of home value (Census ACS county effective rate 0.66% ($1,145 tax ÷ $172,400 ACS median), applied to current value), which on a $194,861 median home is roughly $108/mo."}],"takeaways":["The median home value in Owen County, IN was $194,861 as of April 2026, up 0.4% year over year (FHFA HPI applied to the Census ACS county median).","The typical market rent in Owen County, IN was $1,014/mo as of November 2026, a current modeled estimate (HUD Fair Market Rent, FY2027, bridged from Census ACS gross rent).","Owen County, IN has a price-to-rent ratio of 16.0 — a moderate reading where individual deals decide the outcome. (Computed by Areal from the figures above.)"],"citationSources":[{"name":"U.S. Census Bureau — ACS ACS 2024 5-year estimates","url":"https://www.census.gov/programs-surveys/acs/"},{"name":"FHFA House Price Index","url":"https://www.fhfa.gov/data/hpi"},{"name":"HUD Fair Market Rent","url":"https://www.huduser.gov/portal/datasets/fmr.html"},{"name":"FBI Crime Data Explorer","url":"https://cde.ucr.cjis.gov/"}],"jsonApi":{"function":"getCountyReport","query":"slug=owen-in","url":"https://areal.studio/functions/getCountyReport?slug=owen-in"},"assumptions":{"downPct":20,"ratePct":6.75,"years":7},"dataVintage":{"pulledAt":"2026-11-15T12:12:41.333Z","homeValueBasis":"FHFA metro HPI (quarterly, Owen County, IN HUD Metro FMR Area) × ACS county anchor","rentBasis":"HUD county FMR — flat current estimate (modeled, no public trend)","zhviThrough":null,"zoriThrough":null,"fhfaHpiThrough":"2026-04-01","hpiLevel":"metro","hpiMetro":"Owen County, IN HUD Metro FMR Area","acsVintage":"ACS 2024 5-year estimates","acsVintageMisses":[],"hudFy":"2027","safmrFy":null},"zipAnchors":{"homeValueTier":"county-fhfa-acs","rentTier":"county-acs-hud","zhvi":null,"zori":null,"safmr":null,"countyHomeEstimate":194861,"countyFmr":1014,"countyRatio":null,"hpiLevel":"metro","hpiMetro":"Owen County, IN HUD Metro FMR Area"},"links":{"stateDir":"IN","stateName":"Indiana","cityPages":[],"zips":[]},"sources":["Census ACS 5-year","FHFA HPI","HUD Fair Market Rent","FBI CDE (state-level context)"]}