There are numerous highlights to dwelling in Indiana, from the picturesque countryside showcasing the state’s heartland heritage to bustling cities like Indianapolis with its rising arts and culinary scene. If you happen to’re presently dwelling in or are contemplating shifting to Indiana, then likelihood is you’ve got a finances you’d like to remain below with regards to renting or shopping for a house. As of July, the median residence sale worth in Indiana is $265,300.Â
If that quantity is out of your finances, don’t fear, we’ve received choices that will help you discover a residence. Redfin has collected 14 of essentially the most reasonably priced locations to dwell in Indiana. And the perfect half is that all of them have a median residence sale worth below the state’s common. So learn on to study what cities made the highest 14.
#1: Gary
Median residence worth: $79,000Average sale worth per sq. foot: $74Average hire for a 1-bedroom condominium: $812Median family earnings: $31,315 Nearest main metro: Chicago, IL (30 miles)Gary, IN houses for saleGary, IN residences for hire
With a median residence sale worth of $79,000, Gary is essentially the most reasonably priced place to dwell in Indiana. About 69,100 individuals dwell on this metropolis and is roughly 30 miles from the closest main metropolitan metropolis, Chicago, IL. If you happen to’re contemplating shifting to this space be certain that to spend a seaside day at Lake Avenue Seaside alongside the shores of Lake Michigan, cease by the Michael Jackson Household Dwelling historic landmark, and discover IDNP Miller Woods.
#2: Terre Haute
Median residence worth: $97,620Average sale worth per sq. foot: $49Average hire for a 1-bedroom condominium: $887 Median family earnings: $37,299 Nearest main metro: Indianapolis (77 miles)Terre Haute, IN houses for saleTerre Haute, IN residences for hire
Second is Terre Haute the place about 58,400 residents presently dwell. The median residence sale worth is $97,620 which is about $160K lower than the median residence sale worth in Indiana. If you end up shifting right here, be certain that to take a look at Fairbanks Park situated alongside the Wabash River, go to the native pubs and eating places, and discover the downtown space.Â
#3: Muncie
Median residence worth: $97,620Average sale worth per sq. foot: $96Average hire for a 1-bedroom condominium: $819Median family earnings: $34,602 Nearest main metro: Indianapolis (62 miles)Muncie, IN houses for saleMuncie, IN residences for hire
Coming in because the third most reasonably priced metropolis to dwell in Indiana is Muncie. When dwelling on this metropolis of 65,200 individuals, you may stroll alongside the path by the White River, try museums like Minnetrista Museum & Gardens and The Bob Ross Expertise, or discover the downtown Muncie space.
#4: South Bend
Median residence worth: $129,900 Common sale worth per sq. foot: $126Average hire for a 1-bedroom condominium: $861 Median family earnings: $34,602 Nearest main metro: Fort Wayne (90 miles)South Bend, IN houses for saleSouth Bend, IN residences for hire
A little bit dearer than Muncie is South Bend, the following metropolis on our listing. With roughly 103,500 residents in South Bend, be certain that to find museums and historic websites like Studebaker Nationwide Museum, The Historical past Museum, and the Oliver Mansion. It’s also possible to try the parks alongside the St Joseph River, discover the Notre Dame campus or watch a soccer recreation throughout the fall.
#5: Evansville
Median residence worth: $160,000Average sale worth per sq. foot: $120 Common hire for a 1-bedroom condominium: $822Median family earnings: $49,853 Evansville, IN houses for saleEvansville, IN residences for hire
Dwelling to about 115,300 residents, Evansville is the following metropolis on our listing. It’s situated simply throughout from Kentucky, so that you’ll discover a lot to discover in each states. In Evansville, there are quite a lot of sights just like the Evansville Museum, the USS LST-325, the Victory Theatre, and Mesker Park Zoo. It’s also possible to try historic locations like Angel Mounds State Historic Website close to the Ohio River.
#6: Elkhart
Median residence worth: $161,000Average sale worth per sq. foot: $108Average hire for a 1-bedroom condominium: $1,159Median family earnings: $40,101 Nearest main metro: Fort Wayne (39 miles)Elkhart, IN houses for saleElkhart, IN residences for hire
If you happen to’ve lived in Indiana for some time, it’s doubtless of Elkhart. Nearly 53,900 residents name this reasonably priced metropolis residence. As soon as shifting to Elkhart you’ll wish to try the Wellfield Botanic Gardens, Studebaker Park, and Island Park, go to museums like Ruthmere Campus or Nationwide New York Central Railroad Museum, and discover the riverfront and downtown areas of Elkhart.
#7: Kokomo
Median residence worth: $161,450Average sale worth per sq. foot: $122 Common hire for a 1-bedroom condominium: $878 Median family earnings: $34,602 Nearest main metro: Indianapolis (62 miles)Kokomo, IN houses for saleKokomo, IN residences for hire
Take into account including Kokomo to your listing of cities to think about dwelling in in the event you’re on the lookout for an reasonably priced place to maneuver to in Indiana. Dwelling to 59,600 residents, this reasonably priced city generally is a nice choice so as to add to your listing. In Kokomo, you may go to Foster Park the place you’ll discover the Willie the Whale statue, discover downtown Kokomo, and watch a race at Kokomo Speedway.
#8: Anderson
Median residence worth: $169,900Average sale worth per sq. foot: $95Average hire for a 1-bedroom condominium: $857Median family earnings: $37,110 Nearest main metro: Indianapolis (42 miles)Anderson, IN houses for saleAnderson, IN residences for hire
Eighth on the listing is one other well-known metropolis, Anderson, the place you’ll discover the house costs are about $80K lower than the state’s common. With nearly 54,800 individuals dwelling in Anderson, it’s an ideal place to think about renting or shopping for a home this yr. There are many actions to do on this metropolis, like trying out out of doors areas like Killbuck Wetlands, Shadyside Lake, and the Rangeline Nature Protect. It’s also possible to discover the charming downtown space, or go to museums and websites like Anderson Museum of Artwork and the Uranus Indiana signal, amongst many different native favorites.
#9: Mishawaka
Median residence worth: $171,750Average sale worth per sq. foot: $128Average hire for a 1-bedroom condominium: $1,327 Median family earnings: $44,792 Nearest main metro: Fort Wayne (84 miles)Mishawaka, IN houses for saleMishawaka, IN residences for hire
With a inhabitants of about 51,100, Mishawaka is a superb place to think about dwelling in Indiana. Enjoyable actions to do in Mishawaka embrace exploring the Mishawaka Riverwalk situated in Robert C. Beutter Riverfront Park, trying out the native retailers and eating places, and visiting Battell Park.
#10: Hammond
Median residence worth: $185,000Average sale worth per sq. foot: $185Average hire for a 1-bedroom condominium: $1,055 Median family earnings: $46,974 Nearest main metro: Chicago (29 miles)Hammond, IN houses for saleHammond, IN residences for hire
Coming in tenth place on our listing of reasonably priced locations to dwell in Indiana is Hammond. With a inhabitants of practically 77,900, Hammond is a superb space to dwell in that’s not practically as large as the most important metropolitan cities in Indiana. If you happen to’re going to name Hammond residence, plan time to discover Gibson Woods Nature Protect the place you’ll discover birds, an environmental heart, and climbing trails, try Wolf Lake, and spend a seaside day at Whihala Seaside.
#11: Fort Wayne
Median residence worth: $215,000Average sale worth per sq. foot: $135 Common hire for a 1-bedroom condominium: $1,195 Median family earnings: $51,454 Nearest main metro: Indianapolis (125 miles)Fort Wayne, IN houses for saleFort Wayne, IN residences for hire
Claiming the eleventh spot on our listing of reasonably priced locations to dwell in Indiana is Fort Wayne. This metropolis has a inhabitants of 263,900 and you’ll discover the 110-acre Lindenwood Nature Protect, tour museums like Fort Wayne Museum of Artwork and The Historical past Heart, or try the parks situated alongside St Marys River like Headwaters Park. You’ll have loads of actions to discover throughout your free time dwelling in Fort Wayne.
#12: Lafayette
Median residence worth: $225,290Average sale worth per sq. foot: $149Average hire for a 1-bedroom condominium: $997 Median family earnings: $46,925 Nearest main metro: Indianapolis (64 miles)Lafayette, IN houses for saleLafayette, IN residences for hire
The median residence sale worth in Lafayette is $215,000, making it one other nice metropolis to think about shifting to this yr. There are about 70,800 individuals dwelling on this metropolis, giving Lafayette a city-like really feel with out the hustle and bustle. If Lafayette is town for you, be sure you stroll alongside Essential Avenue the place you’ll discover numerous native retailers and eating places, try Armstrong Park, and stroll over the John T. Myers Pedestrian Bridge to West Lafayette.
#13: Indianapolis
Median residence worth: $235,000Average sale worth per sq. foot: $137Average hire for a 1-bedroom condominium: $1,287 Median family earnings: $50,813 Indianapolis, IN houses for saleIndianapolis, IN residences for hire
Town of Indianapolis takes the thirteenth spot on our listing. For these seeking to purchase a house, the median sale worth is $235,000. There may be a lot to do in Indianapolis like discovering the displays at museums like Youngsters’s Museum of Indianapolis, the Indiana State Museum, and Eiteljorg Museum. It’s also possible to watch the famed Indianapolis 500 on the Indianapolis Motor Speedway, discover White River State Park, or expertise a Colts recreation at Lucas Oil Stadium.
>> Learn: In style Indianapolis, IN, Neighborhoods to Stay in 2025
#14: Jeffersonville
Median residence worth: $251,500Average sale worth per sq. foot: $152Average hire for a 1-bedroom condominium: $1,012Median family earnings: $67,566Nearest main metro: Lexington, KY (3 miles)Jeffersonville, IN houses for saleJeffersonville, IN residences for hire
Rounding out our listing of essentially the most reasonably priced locations to dwell in Indiana is Jeffersonville. With a median residence sale worth of $251,500 and about 51,200 residents, this mid-sized metropolis is a superb choice to think about shopping for a house in. Jeffersonville is simply throughout the river from Louisville, KY, so there’s all the time one thing new to discover in each cities. Ensure that to take a look at the charming riverfront neighborhood with native retailers and eating places, go to the Howard Steamboat Museum, or cease by Falls of the Ohio State Park.
Methodology: All cities will need to have over 50,000 residents per the US Census and have a median residence sale worth below the typical median residence sale worth in Indiana. Median residence sale worth and median sale worth per sq. foot from the Redfin Information Heart throughout April 2025. Common rental knowledge from Lease.com April 2025. Inhabitants and median family earnings knowledge sourced from the USA Census Bureau.
