There are various 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. Should you’re at the moment dwelling in or are contemplating shifting to Indiana, then likelihood is you’ve gotten a price range you’d like to remain below on the subject of 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 received choices that can assist you discover a residence. Redfin has collected 14 of essentially the most reasonably priced locations to stay in Indiana. And the most effective half is that all of them have a median residence sale value below the state’s common. So learn on to be taught what cities made the highest 14.
#1: Gary
Median residence value: $79,000
Common sale value per sq. foot: $74
Common lease for a 1-bedroom residence: $812
Median family revenue: $31,315
Nearest main metro: Chicago, he (30 miles)
Gary, IN properties on the market
Gary, IN flats for lease
With a median residence sale value of $79,000, Gary is essentially the most reasonably priced 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, the. Should you’re contemplating shifting to this space ensure that to spend a seaside 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: Excessive earth
Median residence value: $97,620
Common sale value per sq. foot: $49
Common lease for a 1-bedroom residence: $887
Median family revenue: $37,299
Nearest main metro: Indianapolis (77 miles)
Terre Haute, IN properties on the market
Terre Haute, IN flats for lease
Second is Terre Haute the place about 58,400 residents at the moment stay. 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, ensure 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: $97,620
Common sale value per sq. foot: $96
Common lease for a 1-bedroom residence: $819
Median family revenue: $34,602
Nearest main metro: Indianapolis (62 miles)
Muncie, IN properties on the market
Muncie, IN flats for lease
Coming in because the third most reasonably priced metropolis to stay in Indiana is Muncie. When dwelling on this metropolis of 65,200 individuals, you may stroll alongside the path by the White River, try museums like Minnetrista Museum & Gardens and The Bob Ross Expertiseor discover the downtown Muncie space.
#4: South Bend
Median residence value: $129,900
Common sale value per sq. foot: $126
Common lease for a 1-bedroom residence: $861
Median family revenue: $34,602
Nearest main metro: Fort Wayne (90 miles)
South Bend, IN properties on the market
South Bend, IN flats for lease
Slightly dearer than Muncie is South Bend, the subsequent metropolis on our checklist. With roughly 103,500 residents in South Bend, ensure that to find museums and historic websites like Studebaker Nationwide MuseumThe Historical past Museum, and the Oliver Mansion. You can too try the parks alongside the St Joseph River, discover the Notre Dame campus or watch a soccer recreation in the course of the fall.
#5: Evansville
Median residence value: $160,000
Common sale value per sq. foot: $120
Common lease for a 1-bedroom residence: $822
Median family revenue: $49,853
Evansville, IN properties on the market
Evansville, IN flats for lease
House to about 115,300 residents, Evansville is the subsequent metropolis on our checklist. It’s situated simply throughout from Kentucky, so that you’ll discover loads to discover in each states. In Evansville, there are loads of sights just like the Evansville Museumthe USS LST-325, the Victory Theatre, and Mesker Park Zoo. You can too try historic locations like Angel Mounds State Historic Website close to the Ohio River.
#6: Elkhart
Median residence value: $161,000
Common sale value per sq. foot: $108
Common lease for a 1-bedroom residence: $1,159
Median family revenue: $40,101
Nearest main metro: Fort Wayne (39 miles)
Elkhart, IN properties on the market
Elkhart, IN flats for lease
Should you’ve lived in Indiana for some time, it’s possible you recognize of Elkhart. Nearly 53,900 residents name this reasonably priced 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 Museumand discover the riverfront and downtown areas of Elkhart.
#7: Kokomo
Median residence value: $161,450
Common sale value per sq. foot: $122
Common lease for a 1-bedroom residence: $878
Median family revenue: $34,602
Nearest main metro: Indianapolis (62 miles)
Kokomo, IN properties on the market
Kokomo, IN flats for lease
Take into account including Kokomo to your checklist of cities to contemplate dwelling in should you’re in search of 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 checklist. In Kokomo, you may 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: $169,900
Common sale value per sq. foot: $95
Common lease for a 1-bedroom residence: $857
Median family revenue: $37,110
Nearest main metro: Indianapolis (42 miles)
Anderson, IN properties on the market
Anderson, IN flats for lease
Eighth on the checklist 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 awesome place to contemplate renting or shopping for a home this 12 months. There are many actions to do on this metropolis, like testing out of doors areas like Killbuck Wetlands, Shadyside Lake, and the Rangeline Nature Protect. You can too 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: BUILDING
Median residence value: $171,750
Common sale value per sq. foot: $128
Common lease for a 1-bedroom residence: $1,327
Median family revenue: $44,792
Nearest main metro: Fort Wayne (84 miles)
Mishawaka, IN properties on the market
Mishawaka, IN flats for lease
With a inhabitants of about 51,100, Mishawaka is a superb 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: $185,000
Common sale value per sq. foot: $185
Common lease for a 1-bedroom residence: $1,055
Median family revenue: $46,974
Nearest main metro: Chicago (29 miles)
Hammond, IN properties on the market
Hammond, IN flats for lease
Coming in tenth place on our checklist of reasonably priced locations to stay in Indiana is Hammond. With a inhabitants of almost 77,900, Hammond is a superb space to stay in that’s not almost as huge as the most important metropolitan cities in Indiana. Should you’re going to name Hammond residence, plan time to discover Gibson Woods Nature Protect the place you’ll discover birds, an environmental heart, and mountaineering trails, try Wolf Lake, and spend a seaside day at Whihala Seaside.
#11: Fort Wayne
Median residence value: $215,000
Common sale value per sq. foot: $135
Common lease for a 1-bedroom residence: $1,195
Median family revenue: $51,454
Nearest main metro: Indianapolis (125 miles)
Fort Wayne, IN properties on the market
Fort Wayne, IN flats for lease
Claiming the eleventh spot on our checklist of reasonably priced 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 residence value: $225,290
Common sale value per sq. foot: $149
Common lease for a 1-bedroom residence: $997
Median family revenue: $46,925
Nearest main metro: Indianapolis (64 miles)
Lafayette, IN properties on the market
Lafayette, 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 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 town for you, make sure you stroll alongside Primary 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 residence value: $235,000
Common sale value per sq. foot: $137
Common lease for a 1-bedroom residence: $1,287
Median family revenue: $50,813
Indianapolis, IN properties on the market
Indianapolis, IN flats for lease
The town of Indianapolis takes the thirteenth spot on our checklist. For these trying to purchase a house, the median sale value is $235,000. There’s loads to do in Indianapolis like discovering the reveals at museums like Youngsters’s Museum of Indianapolis, the Indiana State Museumand Eiteljorg Museum. You can too watch the famed Indianapolis 500 on the Indianapolis Motor Speedway, discover White River State Park, or expertise a Colts recreation at Lucas Oil Stadium.
>> Learn: Standard Indianapolis, IN, Neighborhoods to Dwell in 2025
#14: Jeffersonville
Median residence value: $251,500
Common sale value per sq. foot: $152
Common lease for a 1-bedroom residence: $1,012
Median family revenue: $67,566
Nearest main metro: Lexington, KY (3 miles)
Jeffersonville, IN properties on the market
Jeffersonville, IN flats for lease
Rounding out our checklist of essentially the most reasonably priced locations to stay in Indiana is Jeffersonville. With a median residence sale value of $251,500 and about 51,200 residents, this mid-sized metropolis is a superb choice to contemplate shopping for a house in. Jeffersonville is simply throughout the river from Louisville, Kyso there’s at all times one thing new to discover in each cities. Make sure that to take a look at the charming riverfront neighborhood with native retailers and eating places, go to the Howard Steamboat Museumor 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 below the typical median residence sale value in Indiana. Median residence sale value and median sale value per sq. foot from the Redfin Information Heart throughout April 2025. Common rental knowledge from Lease.com April 2025. Inhabitants and median family revenue knowledge sourced from the United States Census Bureau.
