415 5th Street

Property details·Rising Sun, Ohio County, Indiana·58-06-02-021-059.000-004

3Beds
2Baths
1,415Sq ft
0.39Acres
2009Built
$171KLast sale

Location & Identity

Address

415 5th Street

Rising Sun, IN 47040

Ohio County

Parcel ID

58-06-02-021-059.000-004

Coordinates

38.952167, -84.854430

Owner & Record Identity

Owner Name
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Building details

Bedrooms
3
Bathrooms
2
Full / half
2 full · 0 half
Square footage
1,415
Stories
1
Year built
2009
Garage
3-car
Building style
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Building condition
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Heating & AC
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Pool & features
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Land & lot

Lot size
0.39 acres
Property type (local use code)
1001
Land area
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Lot dimensions
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County context

Ohio County 2026 Insights

Ohio County, Indiana: America's Smallest County Hides a Surprising Story

Ohio County is easy to overlook — literally. Tucked into the southeastern corner of Indiana along the Ohio River, it is the smallest county by land area in the entire United States. With fewer than 6,000 residents spread across roughly 86 square miles, it feels less like a county and more like an extended neighborhood. But small doesn't mean simple, and the numbers here tell a genuinely complicated story.

An Economy That Defies Expectations

Start with the unemployment rate: 1.2%. That's not a typo. In a county where nearly a quarter of residents are 65 or older and labor force participation sits at just 58.2%, the people who are working are almost universally employed. The SNAP participation rate of just 4% and a poverty rate of 8.9% — well below the national average — suggest a community that, on most economic metrics, is quietly holding its own. The town of Rising Sun, the county seat and home to the Hollywood Casino, anchors much of the local economy, drawing hospitality and service workers from both sides of the river.

The Housing Market's Wild Swing

Here's where things get genuinely interesting. A -12.2% year-over-year price change is dramatic by any standard, but context is everything: with only 6 recorded sales in the past 12 months across just 28 tracked properties, a single outlier transaction can swing the median wildly. The gap between the median home price ($152,500) and the average ($223,066) signals exactly that — a thin market with high variance, not a collapse. At $122 per square foot for homes averaging 1,690 square feet, Ohio County remains extraordinarily affordable by any national comparison, sitting at roughly half the national median home value.

Key Statistics

StatValueContext
Median Home Price$152,500Less than half the $320,000 national median
Homeownership Rate77.1%Well above the national ~65% benchmark
Unemployment Rate1.2%Among the lowest in Indiana
Rent Burden49.7%Far above the 30% healthy threshold

The Renter Paradox

The most jarring number in Ohio County's data is the rent burden figure: 49.7% of renters spend more than 30% of their income on housing. In a county where homes are cheap and ownership is high, this suggests the rental stock is thin, older, and poorly priced relative to the incomes of those who can't yet — or choose not to — buy. With only 22.9% of households renting, the rental market here is small enough that a handful of properties set the terms for everyone.

The 15.3% limited English figure is also notable for a rural county of this size, hinting at a migrant worker or immigrant community that likely intersects with both the casino industry and local agriculture.


FAQs

What makes Ohio County, Indiana unique? Ohio County is the smallest county by area in the United States, yet it punches above its weight economically thanks to the Hollywood Casino in Rising Sun and near-zero unemployment. Its river-town character and aging, stable population give it a quality of life distinct from larger Indiana metros.

Is Ohio County a good place to buy a home? For affordability, it's hard to beat — median prices around $152,500 and $122 per square foot make ownership accessible, and a 77% homeownership rate shows locals know it. The trade-off is a very thin market with few listings, meaning buyers may wait longer and sellers face limited comparable sales.

Why is rent so expensive in Ohio County relative to incomes? The rental market is extremely small, which means landlords face little competitive pressure. With most residents owning their homes, renters have few options, and the limited supply keeps rents disproportionately high relative to what the broader affordability picture would suggest.

Local market context

Our database includes 2,517 properties in Rising Sun.

Rising Sun offers affordable housing with an average price of $176,047.

With a price per square foot of just $89, this area offers excellent value for buyers.

Home prices in Rising Sun are 15% lower than the Ohio County average.

MetricRising SunOhio Countyvs County
Average Price$176,047$208,324-15%
Avg Sq Ft1,9751,923+3%
Price/Sq Ft$89$108-18%
Properties2,5173,955-36%

Frequently Asked Questions About Rising Sun, IN Real Estate

What is the average home price in Rising Sun, IN?

The average home price in Rising Sun, IN is $176,047, based on analysis of 2,517 properties in our database.

How many properties are tracked in Rising Sun, IN?

Our database includes 2,517 properties in Rising Sun, IN, providing comprehensive market coverage.

What is the price per square foot in Rising Sun, IN?

The average price per square foot in Rising Sun, IN is $89. This is calculated from an average home price of $176,047 and average size of 1,975 square feet.

What is the average home size in Rising Sun, IN?

Homes in Rising Sun, IN average 1,975 square feet, with an average price of $176,047.

How does Rising Sun, IN compare to other cities in Ohio County?

Rising Sun, IN is one of many cities in Ohio County, IN with property data available. Browse other cities in the county to compare market conditions and pricing.

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