Indiana Average Home Price by City (2026)

The average home price in Indiana (IN) is about $237,000 — the 2026 median, at ~$155/sq ft — 19% more affordable than the typical U.S. home.

$237,000
Indiana median value
$155
Median price / sq ft
~1,530
sq ft a median budget buys
-19%
vs U.S. median
Indianapolis — $259,000IndianapolisFort Wayne — $221,500Fort WayneEvansville — $211,000EvansvilleSouth Bend — $182,000South BendGary — $79,000GaryTerre Haute — $183,000Terre HauteMuncie — $147,000Muncie

Shaded by price · click a city to explore. Colour = median home value.

Considering a move to Indiana?

Housing in Indiana is 19% more affordable than the national average, with a typical home around $237,000 and a local rate near $155 per square foot. Among the 17 Indiana cities we track, Carmel is the most expensive (median $590,000) and Gary is the most affordable (median $79,000) — so where you land in the state matters as much as the state itself.

Browse Indiana cities

Carmel$590,000Fishers$478,000Valparaiso$351,000Bloomington$333,000Jasper$316,000Lafayette$267,000Indianapolis$259,000Warsaw$258,000Elkhart$246,000Fort Wayne$221,500Evansville$211,000Anderson$184,500Terre Haute$183,000South Bend$182,000Hammond$172,500Muncie$147,000Gary$79,000

See the cheapest (and most expensive) places to live in Indiana.

Don’t see your city? Use the free Home Value Estimator for any U.S. ZIP, see the most expensive ZIP codes in America, or browse the full U.S. directory.

Salary needed to buy a home in Indiana

To buy the typical $237,000 home in Indiana with 20% down, you need a household income of roughly $64,000 a year (about $1,500 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $77,000, because the loan is bigger and mortgage insurance kicks in.

Down paymentCash downMonthly paymentIncome needed
5% (+PMI)$11,900$1,870/mo$80,000/yr
10% (+PMI)$23,700$1,790/mo$77,000/yr
20%$47,400$1,500/mo$64,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in Indiana

At about $155 per square foot, here is roughly how much home different budgets get you in Indiana:

BudgetApprox. sizeWhat that looks like locally
$150k970 sq ftbelow the local median — condos, smaller or older homes
$200k1290 sq ftaround the typical home here
$250k1610 sq ftaround the typical home here
$300k1940 sq ftaround the typical home here
$400k2580 sq ftabove the median — larger homes or the pricier ZIPs

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Indiana so you can compare your current home against every Indiana city we track.

Indiana home prices: frequently asked

What salary do you need to buy a house in Indiana? +
For the typical $237,000 home in Indiana, a household income of about $64,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $77,000; with 5% down about $80,000.
What is the average home price in Indiana? +
The average home price in Indiana is about $237,000 as of 2026, at roughly $155 per square foot — 19% more affordable than the U.S. median of $294,000. That figure is the statewide median across the ZIP codes we track, which is what most price reports mean by the average.
What is the median home price in Indiana (IN)? +
About $237,000 in 2026. The median is the mid-point home — half of homes cost more, half less — and it is the better yardstick than a true mean, which a handful of luxury sales can drag upward. At $155/sq ft, a median budget in Indiana buys roughly 1,530 sq ft of home.
Where is Indiana most and least expensive? +
Among the 17 Indiana cities tracked here, Carmel is the priciest (median $590,000) and Gary is the most affordable (median $79,000). ZIP-level prices within one city vary further, so check the city page for your area.