Indiana housing market
Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$257,165+2.9% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$55,748About 0.8× the local median income ($71,958): affordable for a typical household
Days on market54 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.7%Zillow expects prices to rise slightly
The typical home in Indiana is worth $257,165, up 2.9% from a year ago. That is well above what local incomes have historically supported: fair value is about $214,968, so the area is 19.6% overvalued. It is a balanced market, leaning toward buyers: homes take about 54 days to sell, listings are up 14% from a year ago, 26% of listings have had a price cut. Zillow expects prices to rise about 2.7% over the next year. A household needs about $55,748 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,958. In the latest IRS figures, 3,909 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
| Typical home value | $257,165 |
| Change in 1 year | +2.9% |
| Overvalued % | +19.6% |
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| Fair home value | $214,968 |
| Change in 5 years | +28.6% |
| Zillow forecast, next 12 months | +2.7% |
| Home value to income | 3.6× |
| Monthly mortgage payment (20% down) | $1,394 |
| Income needed to afford it | $55,748 |
| Property tax rate | 0.74% |
Rent and investing
| HUD Fair Market Rent, 2 bedrooms | $1,304 |
Market activity
| Listings vs a year ago | +13.8% |
| Days on market | 54 |
| Listings with a price cut | 25.9% |
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| Homes for sale | 20,160 |
| Pending sales per 100 listings | 41 |
| Asking price per sq ft | $162 |
People and jobs
| Median household income | $71,958 |
| Population change (1 year) | +0.6% |
| Unemployment rate | 4.3% |
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| Population | 6,973,333 |
| Income adjusted for cost of living | $77,125 |
| Net moves in (IRS) | +3,909 |
| Cost of living (US = 100) | 93.3 |
Schools, risk and environment
| FEMA hazard risk score (0 to 100) | 72.6 |
| Unhealthy air days a year | 5 |
| Flood risk score | 75.9 |
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| Wildfire risk score | 24.6 |
| Walkability (1 to 20) | 7.7 |
| Road, rail and air noise | 53 dB |
Questions people ask
- Is Indiana overvalued?
- Home prices in Indiana are well above what local incomes have historically supported: fair value is about $214,968, so the area is 19.6% overvalued.
- Is Indiana a buyer's or seller's market?
- Indiana is a balanced market, leaning toward buyers: homes take about 54 days to sell, listings are up 14% from a year ago, 26% of listings have had a price cut.
- Are home prices going down in Indiana?
- Home values in Indiana are up 2.9% over the last year. Zillow's forecast for the next 12 months is +2.7%.
- How much do you need to earn to buy a home in Indiana?
- A household needs about $55,748 a year to afford the typical home in Indiana at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,958.
Metro areas
Chicago-Naperville-Elgin, IL-INCincinnati, OH-KY-INIndianapolis-Carmel-Greenwood, INLouisville/Jefferson County, KY-INFort Wayne, INSouth Bend-Mishawaka, IN-MIEvansville, INLafayette-West Lafayette, INElkhart-Goshen, INTerre Haute, INBloomington, INMuncie, INMichigan City-La Porte, INColumbus, INKokomo, IN
Counties
Adams CountyAllen CountyBartholomew CountyBenton CountyBlackford CountyBoone CountyBrown CountyCarroll CountyCass CountyClark CountyClay CountyClinton CountyCrawford CountyDaviess CountyDe Kalb CountyDearborn CountyDecatur CountyDelaware CountyDubois CountyElkhart CountyFayette CountyFloyd CountyFountain CountyFranklin CountyFulton CountyGibson CountyGrant CountyGreene CountyHamilton CountyHancock CountyHarrison CountyHendricks CountyHenry CountyHoward CountyHuntington CountyJackson CountyJasper CountyJay CountyJefferson CountyJennings CountyJohnson CountyKnox CountyKosciusko CountyLa Porte CountyLagrange CountyLake CountyLawrence CountyMadison CountyMarion CountyMarshall CountyMartin CountyMiami CountyMonroe CountyMontgomery CountyMorgan CountyNewton CountyNoble CountyOhio CountyOrange CountyOwen CountyParke CountyPerry CountyPike CountyPorter CountyPosey CountyPulaski CountyPutnam CountyRandolph CountyRipley CountyRush CountySaint Joseph CountyScott CountyShelby CountySpencer CountyStarke CountySteuben CountySullivan CountySwitzerland CountyTippecanoe CountyTipton CountyUnion CountyVanderburgh CountyVermillion CountyVigo CountyWabash CountyWarren CountyWarrick CountyWashington CountyWayne CountyWells CountyWhite CountyWhitley County