Indiana Housing Market Trends

Real-time market data powered by Zillow Research. Last updated: 2026-04-02

Indianapolis continues to attract corporate headquarters and regional offices, most recently with strong growth in life sciences and technology sectors. The suburbs of Hamilton County (Carmel, Fishers, Westfield) are among the state's most competitive markets, consistently ranking among the best places to live nationally. Fort Wayne and Evansville offer extreme affordability for remote workers and retirees willing to trade metro amenities for value. The state's housing inventory has been tight but is loosening, with new construction in suburban Indianapolis and Carmel beginning to bring supply closer to demand.

By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Zillow Research, U.S. Census

Is Now a Good Time to Buy in Indiana?

The Indiana housing market is showing balanced conditions.

home values have grown a moderate 2.7% year-over-year. there are currently 526 homes on the market.

Median Home Value

$249,724

Zillow Home Value Index

Year-over-Year

+2.7%

Home value change

5-Year Change

+39.1%

Since 2021

Median Rent

$1,113/mo

Zillow Observed Rent Index

Active Listings

526

Homes for sale

Home Value Trends

5-year Zillow Home Value Index (ZHVI) for Indiana vs. national average. ZHVI reflects the typical home value in the 35th-65th percentile range.

Rent Trends

Average rent in Indiana: $1,113/mo (+3.6% YoY)

Rent vs. Buy Analysis

With a median home value of $249,724 and average rent of $1,113/mo, the price-to-rent ratio in Indiana is 18.7. A ratio of 15-21 means it could go either way — run the numbers.

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