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. When you’re presently dwelling in or are contemplating shifting to Indiana, then likelihood is you could have a price range you’d like to remain beneath relating to renting or shopping for a house. As of July, the median residence sale value in Indiana is $265,300.
If that quantity is out of your price range, don’t fear, we’ve acquired choices that can assist you discover a residence. Redfin has collected 14 of essentially the most inexpensive locations to reside in Indiana. And the perfect half is that all of them have a median residence sale value beneath the state’s common. So learn on to study what cities made the highest 14.
#1: Gary
Median residence value: $79,000Average sale value per sq. foot: $74Average lease for a 1-bedroom residence: $812Median family earnings: $31,315 Nearest main metro: Chicago, IL (30 miles)Gary, IN houses for saleGary, IN flats for lease
With a median residence sale value of $79,000, Gary is essentially the most inexpensive place to reside in Indiana. About 69,100 folks reside on this metropolis and is roughly 30 miles from the closest main metropolitan metropolis, Chicago, IL. When you’re contemplating shifting to this space be sure that to spend a seaside day at Lake Road Seashore alongside the shores of Lake Michigan, cease by the Michael Jackson Household Residence historic landmark, and discover IDNP Miller Woods.
#2: Terre Haute
Median residence value: $97,620Average sale value per sq. foot: $49Average lease for a 1-bedroom residence: $887 Median family earnings: $37,299 Nearest main metro: Indianapolis (77 miles)Terre Haute, IN houses for saleTerre Haute, IN flats for lease
Second is Terre Haute the place about 58,400 residents presently reside. The median residence sale value is $97,620 which is about $160K lower than the median residence sale value in Indiana. If you end up shifting right here, be sure 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.
#3: Muncie
Median residence value: $97,620Average sale value per sq. foot: $96Average lease for a 1-bedroom residence: $819Median family earnings: $34,602 Nearest main metro: Indianapolis (62 miles)Muncie, IN houses for saleMuncie, IN flats for lease
Coming in because the third most inexpensive metropolis to reside in Indiana is Muncie. When dwelling on this metropolis of 65,200 folks, you possibly can 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 value: $129,900 Common sale value per sq. foot: $126Average lease for a 1-bedroom residence: $861 Median family earnings: $34,602 Nearest main metro: Fort Wayne (90 miles)South Bend, IN houses for saleSouth Bend, IN flats for lease
A bit dearer than Muncie is South Bend, the following metropolis on our record. With roughly 103,500 residents in South Bend, be sure that to find museums and historic websites like Studebaker Nationwide Museum, The Historical past Museum, and the Oliver Mansion. You may as well try the parks alongside the St Joseph River, discover the Notre Dame campus or watch a soccer sport in the course of the fall.
#5: Evansville
Median residence value: $160,000Average sale value per sq. foot: $120 Common lease for a 1-bedroom residence: $822Median family earnings: $49,853 Evansville, IN houses for saleEvansville, IN flats for lease
Residence to about 115,300 residents, Evansville is the following metropolis on our record. It’s situated simply throughout from Kentucky, so that you’ll discover loads to discover in each states. In Evansville, there are numerous points of interest just like the Evansville Museum, the USS LST-325, the Victory Theatre, and Mesker Park Zoo. You may as well try historic locations like Angel Mounds State Historic Website close to the Ohio River.
#6: Elkhart
Median residence value: $161,000Average sale value per sq. foot: $108Average lease for a 1-bedroom residence: $1,159Median family earnings: $40,101 Nearest main metro: Fort Wayne (39 miles)Elkhart, IN houses for saleElkhart, IN flats for lease
When you’ve lived in Indiana for some time, it’s doubtless you recognize of Elkhart. Nearly 53,900 residents name this inexpensive 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 value: $161,450Average sale value per sq. foot: $122 Common lease for a 1-bedroom residence: $878 Median family earnings: $34,602 Nearest main metro: Indianapolis (62 miles)Kokomo, IN houses for saleKokomo, IN flats for lease
Contemplate including Kokomo to your record of cities to contemplate dwelling in for those who’re in search of an inexpensive place to maneuver to in Indiana. Residence to 59,600 residents, this inexpensive city is usually a nice choice so as to add to your record. In Kokomo, you possibly can 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 value: $169,900Average sale value per sq. foot: $95Average lease for a 1-bedroom residence: $857Median family earnings: $37,110 Nearest main metro: Indianapolis (42 miles)Anderson, IN houses for saleAnderson, IN flats for lease
Eighth on the record 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 folks dwelling in Anderson, it’s an awesome place to contemplate renting or shopping for a home this yr. There are many actions to do on this metropolis, like testing outside areas like Killbuck Wetlands, Shadyside Lake, and the Rangeline Nature Protect. You may as well 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 value: $171,750Average sale value per sq. foot: $128Average lease for a 1-bedroom residence: $1,327 Median family earnings: $44,792 Nearest main metro: Fort Wayne (84 miles)Mishawaka, IN houses for saleMishawaka, IN flats for lease
With a inhabitants of about 51,100, Mishawaka is a good place to contemplate dwelling in Indiana. Enjoyable actions to do in Mishawaka embody exploring the Mishawaka Riverwalk situated in Robert C. Beutter Riverfront Park, testing the native retailers and eating places, and visiting Battell Park.
#10: Hammond
Median residence value: $185,000Average sale value per sq. foot: $185Average lease for a 1-bedroom residence: $1,055 Median family earnings: $46,974 Nearest main metro: Chicago (29 miles)Hammond, IN houses for saleHammond, IN flats for lease
Coming in tenth place on our record of inexpensive locations to reside in Indiana is Hammond. With a inhabitants of practically 77,900, Hammond is a good space to reside in that’s not practically as huge as the most important metropolitan cities in Indiana. When you’re going to name Hammond residence, plan time to discover Gibson Woods Nature Protect the place you’ll discover birds, an environmental middle, and climbing trails, try Wolf Lake, and spend a seaside day at Whihala Seashore.
#11: Fort Wayne
Median residence value: $215,000Average sale value per sq. foot: $135 Common lease for a 1-bedroom residence: $1,195 Median family earnings: $51,454 Nearest main metro: Indianapolis (125 miles)Fort Wayne, IN houses for saleFort Wayne, IN flats for lease
Claiming the eleventh spot on our record of inexpensive locations to reside 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 Middle, 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 value: $225,290Average sale value per sq. foot: $149Average lease for a 1-bedroom residence: $997 Median family earnings: $46,925 Nearest main metro: Indianapolis (64 miles)Lafayette, IN houses for saleLafayette, IN flats for lease
The median residence sale value in Lafayette is $215,000, making it one other nice metropolis to contemplate shifting to this yr. There are about 70,800 folks dwelling on this metropolis, giving Lafayette a city-like really feel with out the hustle and bustle. If Lafayette is the town for you, make sure you stroll alongside Major Road the place you’ll discover a number of native retailers and eating places, try Armstrong Park, and stroll over the John T. Myers Pedestrian Bridge to West Lafayette.
#13: Indianapolis
Median residence value: $235,000Average sale value per sq. foot: $137Average lease for a 1-bedroom residence: $1,287 Median family earnings: $50,813 Indianapolis, IN houses for saleIndianapolis, IN flats for lease
Town of Indianapolis takes the thirteenth spot on our record. For these seeking to purchase a house, the median sale value is $235,000. There’s loads to do in Indianapolis like discovering the displays at museums like Youngsters’s Museum of Indianapolis, the Indiana State Museum, and Eiteljorg Museum. You may as well watch the famed Indianapolis 500 on the Indianapolis Motor Speedway, discover White River State Park, or expertise a Colts sport at Lucas Oil Stadium.
>> Learn: Standard Indianapolis, IN, Neighborhoods to Reside in 2025
#14: Jeffersonville
Median residence value: $251,500Average sale value per sq. foot: $152Average lease for a 1-bedroom residence: $1,012Median family earnings: $67,566Nearest main metro: Lexington, KY (3 miles)Jeffersonville, IN houses for saleJeffersonville, IN flats for lease
Rounding out our record of essentially the most inexpensive locations to reside in Indiana is Jeffersonville. With a median residence sale value of $251,500 and about 51,200 residents, this mid-sized metropolis is a good choice to contemplate shopping for a house in. Jeffersonville is simply throughout the river from Louisville, KY, so there’s at all times one thing new to discover in each cities. Be certain 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 should have over 50,000 residents per the US Census and have a median residence sale value beneath the common median residence sale value in Indiana. Median residence sale value and median sale value per sq. foot from the Redfin Information Middle throughout April 2025. Common rental information from Lease.com April 2025. Inhabitants and median family earnings information sourced from the USA Census Bureau.
