Housing in Indiana

Home prices, rents, supply and how affordable it is to live here.

FHFA House Price Index
516.7
2025 · FHFA all-transactions index
Median value of owner-occupied homes
$243,500
2024 · Census American Community Survey 1-year estimates
Rent of primary residence index (Midwest region)
371.5
2025 · BLS CPI-U
Total housing units
3,026,101
2024 · Census American Community Survey 1-year estimates
New private housing units authorized
29,442
2025 · Census Building Permits Survey
Homeownership rate (CPS/HVS)
71.4%
2025 · Census Housing Vacancy Survey
Housing price level vs U.S. (RPP rents)
73.9
2024 · BEA Regional Price Parities
Rental vacancy rate
8.9%
2025 · Census Housing Vacancy Survey

Historical data

Pick an indicator to see its long-run evolution.

Median home value

1990–2024
$231,000▲ 329%

Census / Zillow ZHVI, nominal dollars.

Home Prices

Sale prices and trends.

FHFA House Price Index
516.7
2025 · FHFA all-transactions index
Median sale price
$245,000
Change YoY
+4.5%

FHFA House Price Index

1975–2025
516.7▲ 721%

FHFA all-transactions index, annual average of quarters. Source: FHFA via FRED (INSTHPI).

Median Home Value

Typical value of owner-occupied homes.

Median value of owner-occupied homes
$243,500
2024 · Census American Community Survey 1-year estimates
Median home value
$231,000
Rank
39th in the U.S.
Change YoY
+5.0%

Median value of owner-occupied homes

2008–2024
$243,500▲ 94%

Census American Community Survey 1-year estimates, B25077 (2020 not released).

IndicatorIndianaU.S.
Median home value (USD)231000340000
  • •Indiana is one of the most affordable housing markets in the country: the median home is worth about a third less than the U.S. median, and more than 71% of households own their home.

Rent Prices

Cost of renting.

Rent of primary residence index (Midwest region)
371.5
2025 · BLS CPI-U
Median gross rent
$1,015
Rank
Among the 10 cheapest
Renter households
28.6%

Rent of primary residence index (Midwest region)

2006–2025
371.5▲ 81%

BLS CPI-U, Midwest region, annual average (CUUR0200SEHA).

IndicatorIndianaU.S.
Median monthly rent (USD)10151406

Housing Inventory

Total housing stock.

Total housing units
3,026,101
2024 · Census American Community Survey 1-year estimates
Vacant housing units
8.3%
2024 · Census American Community Survey 1-year estimates
Single-family share
72%
Built before 1980
55%

Total housing units

2008–2024
3,026,101▲ 8%

Census American Community Survey 1-year estimates, B25001 (2020 not released).

Vacant housing units

2008–2024
8.3%

Census American Community Survey 1-year estimates, B25002 (2020 not released).

Building Permits

New residential construction.

New private housing units authorized
29,442
2025 · Census Building Permits Survey
Single-family share
78%
Most active county
Hamilton

New private housing units authorized

1988–2025
29,442▲ 18%

Census Building Permits Survey, sum of 12 months (FRED INBPPRIV).

IndicatorIndianaU.S.
Permits per 1,000 residents270004.4

Homeownership Rate

Share of owner-occupied homes.

Homeownership rate (CPS/HVS)
71.4%
2025 · Census Housing Vacancy Survey
Homeownership rate
71.4%
Rank
Top 10 in the U.S.
Renters
28.6%

Homeownership rate (CPS/HVS)

1984–2025
71.4%

Census Housing Vacancy Survey, annual (FRED INHOWN).

IndicatorIndianaU.S.
Homeownership rate (%)71.465.7

Housing Affordability

Home cost relative to income.

Housing price level vs U.S. (RPP rents)
73.9
2024 · BEA Regional Price Parities
Value-to-income ratio
3.3
Rank
Among the most affordable
Cost-burdened renters
44%

Housing price level vs U.S. (RPP rents)

2008–2024
73.9▼ 3%

BEA Regional Price Parities, housing services (SARPP line 3).

IndicatorIndianaU.S.
Housing price level vs U.S. (RPP rents)2024, BEA Regional Price Parities73.9100
Value-to-income ratio3.34.3

Vacancy Rate

Share of unoccupied units.

Rental vacancy rate
8.9%
2025 · Census Housing Vacancy Survey
Homeowner vacancy rate
1.2%
2025 · Census Housing Vacancy Survey
Overall vacancy
8.6%
Rental vacancy
7.1%
Homeowner vacancy
1.0%

Rental vacancy rate

1986–2025
8.9%

Census Housing Vacancy Survey, annual (FRED INRVAC).

Homeowner vacancy rate

1986–2025
1.2%

Census Housing Vacancy Survey, annual (FRED INHVAC).

IndicatorIndianaU.S.
Rental vacancy rate (%)8.66.6

More figures

Median home value
$231,000
Well below the U.S. average
Median monthly rent
$1,015
2023
Homeownership rate
71.4%
Top 10 in the U.S.
Total housing units
2.98 M
Vacancy rate
8.6%
Building permits
≈ 27,000
2023
Effective property tax
0.75%
Homes built pre-1980
55%