The market in numbers
Home values over the last two years
The typical home in Indiana was worth $218,000 in September 2024 and $237,600 in August 2026, a change of +9.0% over two years. Values are at the highest point of the period.
Housing markets by metro
Typical home value, 12-month change and rents for each metro area in Indiana, largest first. Linked metros have their own report, ZIP code by ZIP code. Where a metro crosses a state line, the figures cover only its part inside Indiana. Of Indiana's ZIP codes, 85 lie outside any metro area.
| Metro area | ZIP codes | Home value | 12 months | Monthly rent | Gross yield |
|---|---|---|---|---|---|
| Indianapolis | 117 | $296,200 | +3.2% | $1,600 | 6.6% |
| Chicago | 50 | $225,200 | +2.1% | $1,500 | 7.3% |
| Fort Wayne | 30 | $275,300 | +4.6% | $1,100 | 6.6% |
| Evansville | 24 | $225,200 | +3.4% | $1,200 | 6.6% |
| South Bend | 19 | $245,800 | +6.6% | $1,200 | 6.9% |
| Elkhart | 10 | $307,100 | +5.9% | $1,000 | 4.5% |
| Lafayette | 29 | $229,100 | +4.0% | $1,300 | 6.0% |
| Louisville | 32 | $269,400 | +5.5% | $1,300 | 6.1% |
| Bloomington | 13 | $277,300 | +4.4% | $1,500 | 5.7% |
| Muncie | 12 | $190,500 | +7.1% | $1,000 | 9.5% |
| Michigan City | 11 | $286,100 | +5.5% | n/a | n/a |
| Columbus | 6 | $274,100 | +3.7% | n/a | n/a |
| Kokomo | 4 | $227,800 | +4.7% | n/a | n/a |
| Terre Haute | 38 | $173,700 | +1.0% | $900 | 10.0% |
| New Castle | 13 | $212,800 | +1.9% | n/a | n/a |
Show all 41 metro areas
| Metro area | ZIP codes | Home value | 12 months | Monthly rent | Gross yield |
|---|---|---|---|---|---|
| Indianapolis | 117 | $296,200 | +3.2% | $1,600 | 6.6% |
| Chicago | 50 | $225,200 | +2.1% | $1,500 | 7.3% |
| Fort Wayne | 30 | $275,300 | +4.6% | $1,100 | 6.6% |
| Evansville | 24 | $225,200 | +3.4% | $1,200 | 6.6% |
| South Bend | 19 | $245,800 | +6.6% | $1,200 | 6.9% |
| Elkhart | 10 | $307,100 | +5.9% | $1,000 | 4.5% |
| Lafayette | 29 | $229,100 | +4.0% | $1,300 | 6.0% |
| Louisville | 32 | $269,400 | +5.5% | $1,300 | 6.1% |
| Bloomington | 13 | $277,300 | +4.4% | $1,500 | 5.7% |
| Muncie | 12 | $190,500 | +7.1% | $1,000 | 9.5% |
| Michigan City | 11 | $286,100 | +5.5% | n/a | n/a |
| Columbus | 6 | $274,100 | +3.7% | n/a | n/a |
| Kokomo | 4 | $227,800 | +4.7% | n/a | n/a |
| Terre Haute | 38 | $173,700 | +1.0% | $900 | 10.0% |
| New Castle | 13 | $212,800 | +1.9% | n/a | n/a |
| Crawfordsville | 10 | $229,200 | +6.9% | n/a | n/a |
| Richmond | 9 | $220,700 | +6.4% | n/a | n/a |
| Bedford | 7 | $210,800 | +4.7% | n/a | n/a |
| Logansport | 6 | $212,800 | +3.7% | n/a | n/a |
| Seymour | 6 | $242,900 | +2.6% | n/a | n/a |
| Huntington | 4 | $220,100 | +7.1% | n/a | n/a |
| Cincinnati | 19 | $285,300 | +6.3% | n/a | n/a |
| Jasper | 17 | $230,700 | +6.0% | n/a | n/a |
| Warsaw | 13 | $283,500 | +7.2% | n/a | n/a |
| Marion | 11 | $170,700 | +5.6% | $1,000 | 9.0% |
| Bluffton | 10 | $255,900 | +6.6% | n/a | n/a |
| Vincennes | 10 | $166,800 | +6.5% | n/a | n/a |
| Kendallville | 9 | $253,800 | +4.0% | n/a | n/a |
| Frankfort | 8 | $237,300 | +7.3% | n/a | n/a |
| Wabash | 8 | $213,700 | +6.4% | n/a | n/a |
| Auburn | 7 | $258,400 | +7.3% | n/a | n/a |
| Plymouth | 7 | $255,300 | +9.4% | n/a | n/a |
| Washington | 7 | $258,400 | +5.6% | n/a | n/a |
| Angola | 6 | $298,500 | +6.8% | n/a | n/a |
| Madison | 6 | $240,500 | +6.2% | n/a | n/a |
| North Vernon | 6 | $229,700 | +7.1% | n/a | n/a |
| Peru | 6 | $193,700 | +5.7% | n/a | n/a |
| Decatur | 4 | $267,500 | +8.4% | n/a | n/a |
| Connersville | 3 | $203,400 | +4.8% | n/a | n/a |
| Greensburg | 3 | $241,000 | +7.2% | n/a | n/a |
| Scottsburg | 3 | $219,100 | +2.7% | n/a | n/a |
Home values by county
Of Indiana's 92 counties, Hamilton County has the highest typical home value, $409,800, and Vermillion County the lowest, $138,400. Among counties with at least five ZIP codes, Randolph County has risen most over the year, up 12.2%, and Sullivan County has moved least, down 1.0%.
Show all 92 counties
| County | ZIP codes | Home value | 12 months | Monthly rent | Gross yield |
|---|---|---|---|---|---|
| Hamilton County | 13 | $409,800 | +2.9% | $1,900 | 5.1% |
| Brown County | 2 | $355,500 | +2.1% | n/a | n/a |
| Lagrange County | 5 | $355,400 | +7.8% | n/a | n/a |
| Hendricks County | 10 | $351,600 | +3.0% | $1,800 | 6.2% |
| Boone County | 6 | $344,800 | +5.6% | $1,900 | 6.8% |
| Floyd County | 5 | $343,300 | +2.3% | n/a | n/a |
| Porter County | 8 | $334,100 | +3.0% | $1,600 | 5.6% |
| Johnson County | 7 | $333,900 | +0.8% | $1,600 | 5.8% |
| Dearborn County | 6 | $321,400 | +5.2% | n/a | n/a |
| Monroe County | 7 | $313,700 | +1.8% | $1,500 | 5.7% |
| Jasper County | 5 | $313,600 | +2.5% | n/a | n/a |
| Elkhart County | 10 | $307,100 | +5.9% | $1,000 | 4.5% |
| Clark County | 11 | $302,600 | +3.0% | $1,300 | 6.3% |
| Morgan County | 7 | $298,700 | +2.3% | n/a | n/a |
| Steuben County | 6 | $298,500 | +6.8% | n/a | n/a |
| Whitley County | 4 | $296,600 | +4.9% | n/a | n/a |
| Hancock County | 5 | $296,300 | +1.9% | n/a | n/a |
| Tippecanoe County | 10 | $289,900 | +2.7% | $1,300 | 6.1% |
| La Porte County | 10 | $286,700 | +5.0% | n/a | n/a |
| Kosciusko County | 12 | $285,200 | +7.1% | n/a | n/a |
| Ripley County | 7 | $276,400 | +5.2% | n/a | n/a |
| Bartholomew County | 6 | $274,100 | +3.7% | n/a | n/a |
| Franklin County | 6 | $273,000 | +6.6% | n/a | n/a |
| Dubois County | 9 | $270,200 | +5.2% | n/a | n/a |
| Wells County | 9 | $270,100 | +6.4% | n/a | n/a |
| Adams County | 4 | $267,500 | +8.4% | n/a | n/a |
| Putnam County | 7 | $265,700 | +4.0% | n/a | n/a |
| Allen County | 26 | $264,600 | +4.2% | $1,100 | 6.6% |
| Shelby County | 8 | $261,900 | +2.0% | n/a | n/a |
| Ohio County | 1 | $260,700 | +3.8% | n/a | n/a |
| Harrison County | 10 | $260,500 | +5.2% | n/a | n/a |
| De Kalb County | 7 | $258,400 | +7.3% | n/a | n/a |
| Marshall County | 7 | $255,300 | +9.4% | n/a | n/a |
| Marion County | 37 | $255,000 | −1.0% | $1,400 | 7.2% |
| Warrick County | 6 | $254,200 | +10.2% | n/a | n/a |
| Noble County | 9 | $253,800 | +4.0% | n/a | n/a |
| Daviess County | 6 | $248,500 | +9.8% | n/a | n/a |
| Switzerland County | 5 | $246,700 | +6.9% | n/a | n/a |
| Clinton County | 7 | $246,100 | +7.0% | n/a | n/a |
| Saint Joseph County | 19 | $245,800 | +6.6% | $1,200 | 6.9% |
| Jackson County | 6 | $242,900 | +2.6% | n/a | n/a |
| Rush County | 7 | $241,500 | +4.0% | n/a | n/a |
| Decatur County | 3 | $241,000 | +7.2% | n/a | n/a |
| Jefferson County | 6 | $240,500 | +6.2% | n/a | n/a |
| Owen County | 5 | $237,800 | +3.9% | n/a | n/a |
| Perry County | 7 | $233,000 | +6.6% | n/a | n/a |
| Tipton County | 4 | $230,900 | +4.9% | n/a | n/a |
| Pike County | 5 | $229,800 | +8.6% | n/a | n/a |
| Jennings County | 6 | $229,700 | +7.1% | n/a | n/a |
| Montgomery County | 10 | $229,200 | +6.9% | n/a | n/a |
| Howard County | 4 | $227,800 | +4.7% | n/a | n/a |
| Carroll County | 6 | $226,900 | +5.1% | n/a | n/a |
| Washington County | 6 | $225,700 | +4.2% | n/a | n/a |
| Starke County | 6 | $225,400 | +6.1% | n/a | n/a |
| Fulton County | 3 | $224,700 | +7.4% | n/a | n/a |
| Wayne County | 9 | $220,700 | +6.4% | n/a | n/a |
| Huntington County | 4 | $220,100 | +7.1% | n/a | n/a |
| Scott County | 3 | $219,100 | +2.7% | n/a | n/a |
| Henry County | 12 | $217,600 | +1.8% | n/a | n/a |
| Spencer County | 11 | $217,000 | +4.4% | n/a | n/a |
| White County | 8 | $216,200 | +6.6% | n/a | n/a |
| Posey County | 5 | $215,300 | −0.1% | n/a | n/a |
| Wabash County | 8 | $213,700 | +6.4% | n/a | n/a |
| Cass County | 6 | $212,800 | +3.7% | n/a | n/a |
| Lawrence County | 6 | $212,100 | +4.0% | n/a | n/a |
| Vanderburgh County | 9 | $210,700 | +3.5% | $1,100 | 7.1% |
| Benton County | 5 | $208,100 | +2.5% | n/a | n/a |
| Parke County | 6 | $207,900 | +9.9% | n/a | n/a |
| Martin County | 3 | $207,000 | +5.9% | n/a | n/a |
| Delaware County | 10 | $204,400 | +6.0% | $1,000 | 9.5% |
| Clay County | 8 | $202,900 | +5.9% | n/a | n/a |
| Union County | 3 | $201,500 | +10.8% | n/a | n/a |
| Fountain County | 5 | $200,300 | +7.8% | n/a | n/a |
| Orange County | 5 | $199,500 | +4.8% | n/a | n/a |
| Crawford County | 5 | $195,200 | +3.0% | n/a | n/a |
| Miami County | 6 | $193,700 | +5.7% | n/a | n/a |
| Pulaski County | 4 | $193,500 | +8.9% | n/a | n/a |
| Madison County | 14 | $193,300 | +3.3% | $1,100 | 6.9% |
| Gibson County | 9 | $191,900 | +4.9% | n/a | n/a |
| Lake County | 27 | $187,400 | +2.2% | $1,500 | 8.6% |
| Warren County | 4 | $187,300 | +2.6% | n/a | n/a |
| Greene County | 8 | $181,800 | +4.7% | n/a | n/a |
| Vigo County | 7 | $181,400 | +1.3% | $900 | 10.0% |
| Randolph County | 9 | $176,000 | +12.2% | n/a | n/a |
| Newton County | 6 | $175,800 | +1.8% | n/a | n/a |
| Jay County | 5 | $173,000 | +1.8% | n/a | n/a |
| Grant County | 11 | $170,700 | +5.6% | $1,000 | 9.0% |
| Knox County | 10 | $166,800 | +6.5% | n/a | n/a |
| Fayette County | 1 | $161,700 | +2.4% | n/a | n/a |
| Sullivan County | 8 | $158,400 | −1.0% | n/a | n/a |
| Blackford County | 2 | $152,400 | +6.5% | n/a | n/a |
| Vermillion County | 7 | $138,400 | +2.0% | n/a | n/a |
Where prices are rising fastest
The ten ZIP codes with the strongest change in home values over the past twelve months. Among the larger half of Indiana's ZIP codes by population, so that places with only a handful of sales a year do not crowd the list.
| ZIP code | Area | Home value | 12 months | 5 yrs, per year |
|---|---|---|---|---|
| 47390 | Union City | $142,100 | +12.6% | +8.1% |
| 47562 | Odon | $303,900 | +12.5% | +6.6% |
| 47394 | Winchester | $163,300 | +11.3% | +6.1% |
| 47353 | Liberty | $201,500 | +10.8% | +5.1% |
| 46565 | Shipshewana | $408,900 | +10.5% | +5.9% |
| 46989 | Upland | $255,800 | +10.0% | +7.8% |
| 46740 | Geneva | $275,800 | +9.8% | +8.9% |
| 46571 | Topeka | $417,000 | +9.5% | +4.6% |
| 46504 | Bourbon | $255,300 | +9.4% | +6.1% |
| 47558 | Jasper | $386,000 | +9.3% | +5.8% |
Where prices are falling
Across Indiana, 58 ZIP codes are below where they were a year ago. These are the ten largest declines among the larger half by population.
| ZIP code | Area | Home value | 12 months | From its peak |
|---|---|---|---|---|
| 47807 | Terre Haute | $76,300 | −10.9% | −16.6% |
| 46208 | Indianapolis | $173,400 | −6.7% | −7.3% |
| 46409 | Gary | $81,000 | −6.7% | −11.1% |
| 46222 | Indianapolis | $125,000 | −6.2% | −7.1% |
| 46402 | Gary | $65,300 | −5.4% | −6.0% |
| 46312 | East Chicago | $132,000 | −4.7% | −9.0% |
| 46201 | Indianapolis | $151,400 | −4.5% | −11.1% |
| 46327 | Hammond | $160,100 | −3.9% | −3.9% |
| 46225 | Indianapolis | $171,500 | −3.8% | −8.7% |
| 46408 | Gary | $112,900 | −3.0% | −7.1% |
Best rental yields
Gross yield is a year's rent divided by the home value, before costs. These are the highest yields among the larger ZIP codes with rent data.
| ZIP code | Area | Home value | Monthly rent | Gross yield | Rent, 12 months |
|---|---|---|---|---|---|
| 46407 | Gary | $61,600 | $1,200 | 23.8% | n/a |
| 46409 | Gary | $81,000 | $1,300 | 19.9% | n/a |
| 46404 | Gary | $101,300 | $1,400 | 16.7% | +4.9% |
| 46016 | Anderson | $82,700 | $1,000 | 14.3% | +5.4% |
| 46218 | Indianapolis | $114,100 | $1,300 | 13.4% | +6.4% |
| 47807 | Terre Haute | $76,300 | $800 | 13.2% | +5.3% |
| 46613 | South Bend | $113,900 | $1,200 | 12.6% | +3.9% |
| 47713 | Evansville | $98,900 | $1,000 | 11.8% | −0.6% |
| 46403 | Gary | $154,900 | $1,500 | 11.8% | n/a |
| 46222 | Indianapolis | $125,000 | $1,200 | 11.7% | +4.4% |
Most affordable against local incomes
Home value divided by the median household income of the people who live in the ZIP code. A lower multiple means homes cost fewer years of local earnings. The state typical is 3.3×.
| ZIP code | Area | Home value | Median income | Price to income |
|---|---|---|---|---|
| 46409 | Gary | $81,000 | $44,700 | 1.8× |
| 47512 | Bicknell | $104,700 | $57,900 | 1.8× |
| 46402 | Gary | $65,300 | $33,500 | 1.9× |
| 46407 | Gary | $61,600 | $28,500 | 2.2× |
| 47143 | Memphis | $302,800 | $138,400 | 2.2× |
| 47302 | Muncie | $105,700 | $47,800 | 2.2× |
| 46406 | Gary | $81,800 | $35,800 | 2.3× |
| 46016 | Anderson | $82,700 | $36,000 | 2.3× |
| 47842 | Clinton | $133,500 | $56,800 | 2.4× |
| 46953 | Marion | $109,700 | $46,300 | 2.4× |
Who is moving in
Household moves between the 2022 and 2023 tax years, measured county by county. Summed across its counties, Indiana lost 2,690 households on net, and the households that left took $669m more income than the arrivals brought. Of its 93 counties, 50 gained households. The tables show the largest gains and losses; the last column is how much more, or less, the average arriving household earned than the average household that left.
| County | Net households | Net income moved | Arrivals vs leavers, per household |
|---|---|---|---|
| Hamilton County | +2,248 | +$222m | +$10,390 |
| Hamilton County | +2,202 | +$205m | −$501 |
| Boone County | +1,782 | +$213m | +$3,190 |
| Johnson County | +1,194 | +$73m | −$88 |
| Clark County | +1,014 | +$64m | +$1,053 |
| Madison County | +840 | +$62m | +$2,751 |
| Hendricks County | +720 | −$2m | −$3,624 |
| Morgan County | +676 | +$81m | +$9,022 |
| County | Net households | Net income moved | Arrivals vs leavers, per household |
|---|---|---|---|
| Marion County | −5,464 | −$961m | −$11,324 |
| Tippecanoe County | −2,376 | −$168m | −$3,084 |
| Monroe County | −1,774 | −$129m | −$3,385 |
| Elkhart County | −1,370 | −$109m | −$3,365 |
| Saint Joseph County | −1,174 | −$148m | −$6,021 |
What CITIZEN sees
CITIZEN grades every US ZIP code on one national scale, reading price and its direction, rent, local earnings, resident equity and where buyers and their money are arriving from. Grades are ranks: an A is the top 10% of the country, an F the bottom 10%. In Indiana, 90 of 698 ZIP codes grade A and 27 grade F. Which ones, and why, is in CITIZEN.
Questions
Are home prices going up or down in Indiana?
Up. Home values across Indiana are up 4.7% over the past twelve months, to a typical $238K, and 640 of its 698 ZIP codes are higher than a year ago.
What is the typical home value in Indiana?
$237,600 across Indiana's 698 ZIP codes, as of August 2026. Among its metro areas, the typical home ranges from $166,800 in Vincennes to $307,100 in Elkhart.
What is the cheapest place to buy a house in Indiana?
Among Indiana's metro areas with at least eight ZIP codes, Vincennes has the lowest typical home value, $166,800. Among the larger half of its ZIP codes, 46407 in Gary is the cheapest, at $61,600.
Where are home prices rising fastest in Indiana?
47390 in Union City (+12.6%), 47562 in Odon (+12.5%) and 47394 in Winchester (+11.3%), over the past twelve months, among the larger half of its ZIP codes.
What is the typical rent in Indiana?
About $1,300 a month, across the 167 ZIP codes with rent data, up 3.9% over the past year.
Are people moving to Indiana?
On balance, no. Between the 2022 and 2023 tax years, Indiana lost 2,690 households on net from moves, summed across its counties.
Other states
Sources and method
- Source: CITIZEN, Lualdi Advisors' US housing market intelligence. Home values and rents through August 2026; household incomes 2020 to 2024; migration for tax years 2022 to 2023.
- State, metro and county figures are medians across their ZIP codes, not a separate index. The two-year chart is the median ZIP value for each month. Grades and scores are CITIZEN's own.
- ZIP code lists use the larger half of the state's ZIP codes by population.
- Updated monthly. Last updated 2026-10-14.
