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 at the moment dwelling in or are contemplating transferring to Indiana, then likelihood is you have got a finances 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 finances, don’t fear, we’ve received choices that will help you discover a dwelling. Redfin has collected 14 of probably the most inexpensive locations to stay in Indiana. And the most effective half is that all of them have a median dwelling sale value below the state’s common. So learn on to study what cities made the highest 14.
#1: Gary
Median dwelling value: $79,000Average sale value per sq. foot: $74Average hire for a 1-bedroom house: $812Median family earnings: $31,315 Nearest main metro: Chicago, IL (30 miles)Gary, IN properties for saleGary, IN flats for hire
With a median dwelling sale value of $79,000, Gary is probably the most inexpensive place to stay in Indiana. About 69,100 individuals stay on this metropolis and is roughly 30 miles from the closest main metropolitan metropolis, Chicago, IL. When you’re contemplating transferring to this space be certain to spend a seaside day at Lake Avenue Seaside alongside the shores of Lake Michigan, cease by the Michael Jackson Household Residence historic landmark, and discover IDNP Miller Woods.
#2: Terre Haute
Median dwelling value: $97,620Average sale value per sq. foot: $49Average hire for a 1-bedroom house: $887 Median family earnings: $37,299 Nearest main metro: Indianapolis (77 miles)Terre Haute, IN properties for saleTerre Haute, IN flats for hire
Second is Terre Haute the place about 58,400 residents at the moment stay. 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 transferring right here, be certain 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 hire for a 1-bedroom house: $819Median family earnings: $34,602 Nearest main metro: Indianapolis (62 miles)Muncie, IN properties for saleMuncie, IN flats for hire
Coming in because the third most inexpensive metropolis to stay in Indiana is Muncie. When dwelling on this metropolis of 65,200 individuals, 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 dwelling value: $129,900 Common sale value per sq. foot: $126Average hire for a 1-bedroom house: $861 Median family earnings: $34,602 Nearest main metro: Fort Wayne (90 miles)South Bend, IN properties for saleSouth Bend, IN flats for hire
A little bit costlier than Muncie is South Bend, the subsequent metropolis on our listing. With roughly 103,500 residents in South Bend, be certain 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 throughout the fall.
#5: Evansville
Median dwelling value: $160,000Average sale value per sq. foot: $120 Common hire for a 1-bedroom house: $822Median family earnings: $49,853 Evansville, IN properties for saleEvansville, IN flats for hire
Residence to about 115,300 residents, Evansville is the subsequent 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 a whole lot 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 Web site close to the Ohio River.
#6: Elkhart
Median dwelling value: $161,000Average sale value per sq. foot: $108Average hire for a 1-bedroom house: $1,159Median family earnings: $40,101 Nearest main metro: Fort Wayne (39 miles)Elkhart, IN properties for saleElkhart, IN flats for hire
When you’ve lived in Indiana for some time, it’s possible of Elkhart. Nearly 53,900 residents name this inexpensive metropolis dwelling. As soon as transferring 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 hire for a 1-bedroom house: $878 Median family earnings: $34,602 Nearest main metro: Indianapolis (62 miles)Kokomo, IN properties for saleKokomo, IN flats for hire
Take into account including Kokomo to your listing of cities to think about dwelling in when you’re in search of an inexpensive place to maneuver to in Indiana. Residence to 59,600 residents, this inexpensive city is usually a nice possibility so as to add to your listing. 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 dwelling value: $169,900Average sale value per sq. foot: $95Average hire for a 1-bedroom house: $857Median family earnings: $37,110 Nearest main metro: Indianapolis (42 miles)Anderson, IN properties for saleAnderson, IN flats 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 a fantastic place to think about renting or shopping for a home this 12 months. 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 dwelling value: $171,750Average sale value per sq. foot: $128Average hire for a 1-bedroom house: $1,327 Median family earnings: $44,792 Nearest main metro: Fort Wayne (84 miles)Mishawaka, IN properties for saleMishawaka, IN flats 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, testing the native outlets and eating places, and visiting Battell Park.
#10: Hammond
Median dwelling value: $185,000Average sale value per sq. foot: $185Average hire for a 1-bedroom house: $1,055 Median family earnings: $46,974 Nearest main metro: Chicago (29 miles)Hammond, IN properties for saleHammond, IN flats for hire
Coming in tenth place on our listing of inexpensive locations to stay in Indiana is Hammond. With a inhabitants of practically 77,900, Hammond is a superb space to stay in that’s not practically as huge as the foremost metropolitan cities in Indiana. When you’re going to name Hammond dwelling, plan time to discover Gibson Woods Nature Protect the place you’ll discover birds, an environmental heart, and mountain climbing trails, try Wolf Lake, and spend a seaside day at Whihala Seaside.
#11: Fort Wayne
Median dwelling value: $215,000Average sale value per sq. foot: $135 Common hire for a 1-bedroom house: $1,195 Median family earnings: $51,454 Nearest main metro: Indianapolis (125 miles)Fort Wayne, IN properties for saleFort Wayne, IN flats for hire
Claiming the eleventh spot on our listing of inexpensive locations to stay in Indiana is Fort Wayne. This metropolis has a inhabitants of 263,900 and you may 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 hire for a 1-bedroom house: $997 Median family earnings: $46,925 Nearest main metro: Indianapolis (64 miles)Lafayette, IN properties for saleLafayette, IN flats for hire
The median dwelling sale value in Lafayette is $215,000, making it one other nice metropolis to think about transferring to this 12 months. 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 the town for you, make sure you stroll alongside Principal Avenue the place you’ll discover numerous native outlets 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 hire for a 1-bedroom house: $1,287 Median family earnings: $50,813 Indianapolis, IN properties for saleIndianapolis, IN flats for hire
The town of Indianapolis takes the thirteenth spot on our listing. For these trying 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: Fashionable Indianapolis, IN, Neighborhoods to Reside in 2025
#14: Jeffersonville
Median dwelling value: $251,500Average sale value per sq. foot: $152Average hire for a 1-bedroom house: $1,012Median family earnings: $67,566Nearest main metro: Lexington, KY (3 miles)Jeffersonville, IN properties for saleJeffersonville, IN flats for hire
Rounding out our listing of probably the most inexpensive locations to stay 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 possibility 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 to take a look at the charming riverfront neighborhood with native outlets 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 dwelling sale value below the common median dwelling sale value in Indiana. Median dwelling sale value and median sale value per sq. foot from the Redfin Information Heart throughout April 2025. Common rental information from Lease.com April 2025. Inhabitants and median family earnings information sourced from the USA Census Bureau.
