Indiana Average Home Price by City (2026)

The average home price in Indiana (IN) is about $234,000 — the 2026 median, at ~$154/sq ft — 19% more affordable than the typical U.S. home.

$234,000

Indiana median value

$154

Median price / sq ft

~1,520

sq ft a median budget buys

-19%

vs U.S. median

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 $234,000 and a local rate near $154 per square foot. Among the 17 Indiana cities we track, Carmel is the most expensive (median $587,000) and Gary is the most affordable (median $77,000) — so where you land in the state matters as much as the state itself.

Browse Indiana cities

Carmel$587,000 Fishers$475,000 Valparaiso$347,000 Bloomington$325,000 Jasper$304,000 Lafayette$264,000 Warsaw$256,000 Indianapolis$253,500 Elkhart$244,000 Fort Wayne$216,500 Evansville$210,000 Anderson$180,500 South Bend$178,000 Terre Haute$178,000 Hammond$170,000 Muncie$142,000 Gary$77,000

Indiana home prices by county

35 Indiana counties with enough data for their own page, priciest first:

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.

Home value appreciation in Indiana

Home prices in Indiana have risen about 95% over the last 10 years (≈6.9% a year) and +98.0% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +4.3% — still rising. A home worth $234,000 today was worth roughly $120,308 ten years ago.

+4.3%

1-year change

+53.4%

5-year change

+94.5%

10-year change

+98.0%

20-year change

See where that trend takes a specific home with the home appreciation calculator — nationally the median state is +85.6% over 10 years. Past appreciation is a track record, not a forecast; local prices can fall.

Calculators for Indiana

Run the numbers for Indiana with the local rates already filled in — change any input to test your own situation.

Property taxannual tax at local effective rates Affordability by salarythe price your income supports here Monthly paymentPITI on a home at this price Rent affordabilityyour max rent vs the local median Utility costselectric, gas, water and internet per month Home insurancetypical premium for this state Cost to buildnew-construction cost per sq ft here

Salary needed to buy a home in Indiana

To buy the typical $234,000 home in Indiana with 20% down, you need a household income of roughly $64,000 a year (about $1,490 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $76,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$11,700	$1,850/mo	$79,000/yr
10% (+PMI)	$23,400	$1,770/mo	$76,000/yr
20%	$46,800	$1,490/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 $154 per square foot, here is roughly how much home different budgets get you in Indiana:

Budget	Approx. size	What that looks like locally
$150k	970 sq ft	below the local median — condos, smaller or older homes
$200k	1300 sq ft	around the typical home here
$250k	1620 sq ft	around the typical home here
$300k	1950 sq ft	around the typical home here
$400k	2600 sq ft	above 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 $234,000 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 $76,000; with 5% down about $79,000.

What is the average home price in Indiana? +

The average home price in Indiana is about $234,000 as of 2026, at roughly $154 per square foot — 19% more affordable than the U.S. median of $289,000. 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 $234,000 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 $154/sq ft, a median budget in Indiana buys roughly 1,520 sq ft of home.

Where is Indiana most and least expensive? +

Among the 17 Indiana cities tracked here, Carmel is the priciest (median $587,000) and Gary is the most affordable (median $77,000). ZIP-level prices within one city vary further, so check the city page for your area.

Are home values in Indiana going up? +

Over the last 10 years home prices in Indiana changed about +94.5% (≈6.9% a year), and +4.3% in the latest year, according to the FHFA house price index through 2025. Over 20 years: +98.0%. Past gains are not a guarantee of future ones.