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 at present dwelling in or are contemplating shifting to Indiana, then chances are high you might have a price range you’d like to remain below in terms of renting or shopping for a house. As of July, the median dwelling sale value in Indiana is $265,300.
If that quantity is out of your price range, don’t fear, we’ve received choices that will help you discover a dwelling. Redfin has collected 14 of essentially the most reasonably priced locations to reside in Indiana. And one of the best half is that all of them have a median dwelling sale value below the state’s common. So learn on to be taught what cities made the highest 14.
#1: Gary
Median dwelling value: $79,000Average sale value per sq. foot: $74Average lease for a 1-bedroom condominium: $812Median family revenue: $31,315 Nearest main metro: Chicago, IL (30 miles)Gary, IN properties for saleGary, IN flats for lease
With a median dwelling sale value of $79,000, Gary is essentially the most reasonably priced place to reside in Indiana. About 69,100 individuals reside 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 seashore day at Lake Road Seaside alongside the shores of Lake Michigan, cease by the Michael Jackson Household House historic landmark, and discover IDNP Miller Woods.
#2: Terre Haute
Median dwelling value: $97,620Average sale value per sq. foot: $49Average lease for a 1-bedroom condominium: $887 Median family revenue: $37,299 Nearest main metro: Indianapolis (77 miles)Terre Haute, IN properties for saleTerre Haute, IN flats for lease
Second is Terre Haute the place about 58,400 residents at present reside. The median dwelling sale value is $97,620 which is about $160K lower than the median dwelling sale value 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.
#3: Muncie
Median dwelling value: $97,620Average sale value per sq. foot: $96Average lease for a 1-bedroom condominium: $819Median family revenue: $34,602 Nearest main metro: Indianapolis (62 miles)Muncie, IN properties for saleMuncie, IN flats for lease
Coming in because the third most reasonably priced metropolis to reside in Indiana is Muncie. When dwelling on this metropolis of 65,200 individuals, you’ll be able to 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 dwelling value: $129,900 Common sale value per sq. foot: $126Average lease for a 1-bedroom condominium: $861 Median family revenue: $34,602 Nearest main metro: Fort Wayne (90 miles)South Bend, IN properties for saleSouth Bend, IN flats for lease
Somewhat costlier 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. You may as well try the parks alongside the St Joseph River, discover the Notre Dame campus or watch a soccer sport through the fall.
#5: Evansville
Median dwelling value: $160,000Average sale value per sq. foot: $120 Common lease for a 1-bedroom condominium: $822Median family revenue: $49,853 Evansville, IN properties for saleEvansville, IN flats for lease
House 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 loads to discover in each states. In Evansville, there are plenty of sights 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 dwelling value: $161,000Average sale value per sq. foot: $108Average lease for a 1-bedroom condominium: $1,159Median family revenue: $40,101 Nearest main metro: Fort Wayne (39 miles)Elkhart, IN properties for saleElkhart, IN flats for lease
If you happen to’ve lived in Indiana for some time, it’s probably you recognize of Elkhart. Nearly 53,900 residents name this reasonably priced metropolis dwelling. 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 dwelling value: $161,450Average sale value per sq. foot: $122 Common lease for a 1-bedroom condominium: $878 Median family revenue: $34,602 Nearest main metro: Indianapolis (62 miles)Kokomo, IN properties for saleKokomo, IN flats for lease
Contemplate including Kokomo to your listing of cities to think about dwelling in should you’re searching for an reasonably priced place to maneuver to in Indiana. House to 59,600 residents, this reasonably priced city is usually a nice choice so as to add to your listing. In Kokomo, you’ll be able to 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 dwelling value: $169,900Average sale value per sq. foot: $95Average lease for a 1-bedroom condominium: $857Median family revenue: $37,110 Nearest main metro: Indianapolis (42 miles)Anderson, IN properties for saleAnderson, IN flats for lease
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 incredible place to think about renting or shopping for a home this yr. There are many actions to do on this metropolis, like trying out 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 dwelling value: $171,750Average sale value per sq. foot: $128Average lease for a 1-bedroom condominium: $1,327 Median family revenue: $44,792 Nearest main metro: Fort Wayne (84 miles)Mishawaka, IN properties for saleMishawaka, IN flats for lease
With a inhabitants of about 51,100, Mishawaka is a superb place to think about dwelling in Indiana. Enjoyable actions to do in Mishawaka embody 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 dwelling value: $185,000Average sale value per sq. foot: $185Average lease for a 1-bedroom condominium: $1,055 Median family revenue: $46,974 Nearest main metro: Chicago (29 miles)Hammond, IN properties for saleHammond, IN flats for lease
Coming in tenth place on our listing of reasonably priced locations to reside in Indiana is Hammond. With a inhabitants of practically 77,900, Hammond is a superb space to reside in that’s not practically as huge as the foremost metropolitan cities in Indiana. If you happen to’re going to name Hammond dwelling, plan time to discover Gibson Woods Nature Protect the place you’ll discover birds, an environmental middle, and mountaineering trails, try Wolf Lake, and spend a seashore day at Whihala Seaside.
#11: Fort Wayne
Median dwelling value: $215,000Average sale value per sq. foot: $135 Common lease for a 1-bedroom condominium: $1,195 Median family revenue: $51,454 Nearest main metro: Indianapolis (125 miles)Fort Wayne, IN properties for saleFort Wayne, IN flats for lease
Claiming the eleventh spot on our listing of reasonably priced 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 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 dwelling value: $225,290Average sale value per sq. foot: $149Average lease for a 1-bedroom condominium: $997 Median family revenue: $46,925 Nearest main metro: Indianapolis (64 miles)Lafayette, IN properties for saleLafayette, IN flats for lease
The median dwelling sale value 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, you’ll want to stroll alongside Principal Road the place you’ll discover plenty of native retailers and eating places, try Armstrong Park, and stroll over the John T. Myers Pedestrian Bridge to West Lafayette.
#13: Indianapolis
Median dwelling value: $235,000Average sale value per sq. foot: $137Average lease for a 1-bedroom condominium: $1,287 Median family revenue: $50,813 Indianapolis, IN properties for saleIndianapolis, IN flats for lease
The town of Indianapolis takes the thirteenth spot on our listing. 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 Kids’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: Common Indianapolis, IN, Neighborhoods to Dwell in 2025
#14: Jeffersonville
Median dwelling value: $251,500Average sale value per sq. foot: $152Average lease for a 1-bedroom condominium: $1,012Median family revenue: $67,566Nearest main metro: Lexington, KY (3 miles)Jeffersonville, IN properties for saleJeffersonville, IN flats for lease
Rounding out our listing of essentially the most reasonably priced locations to reside in Indiana is Jeffersonville. With a median dwelling sale value 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 at all times one thing new to discover in each cities. Ensure 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 dwelling sale value below the typical median dwelling sale value in Indiana. Median dwelling sale value and median sale value per sq. foot from the Redfin Knowledge Heart throughout April 2025. Common rental information from Hire.com April 2025. Inhabitants and median family revenue information sourced from the USA Census Bureau.
