In short
The median value of owner-occupied homes is $243,500 in Indiana and $241,500 in the city of Indianapolis, against $360,600 nationwide (Census ACS 2024). On the FHFA index, Indiana prices up 3.5% and Indianapolis–Carmel–Greenwood prices up 2.1% from Q2 2025 to Q2 2026.
What it costs: median value in 2024
| Area | Median value, 2024 | Margin of error (90%) |
|---|---|---|
| United States | $360,600 | ±$618 |
| Indiana | $243,500 | ±$1,916 |
| Indianapolis–Carmel–Greenwood metro area | $291,400 | ±$3,894 |
| Marion County | $240,300 | ±$3,838 |
| City of Indianapolis (balance) | $241,500 | ±$4,256 |
Source: Census ACS 2024, table B25077; owners’ own estimates, not sale prices.
Three points stand out:
- The Indiana median is $117,100 below the national median.
- The city of Indianapolis sits $2,000 below the Indiana median, but $49,900 below the metro median. The suburban counties pull the metro figure up. The city’s margin of error (±$4,256) is larger than the gap with the state, so the two are statistically close.
How prices have moved: the FHFA index
| Area | 1-year change (Q2 2025 to Q2 2026) | 5-year change (Q2 2021 to Q2 2026) |
|---|---|---|
| United States | +2.1% | +33.4% |
| Indiana | +3.5% | +39.4% |
| Indianapolis–Carmel–Greenwood metro area | +2.1% | +35.2% |
Source: FHFA HPI, purchase-only, Q2 2026 (release of August 25, 2026); changes by Payotte.
Indiana prices rose faster than the nation’s over both periods. The Indianapolis metro area matched the national one-year gain (+2.1%) and gained slightly more over five years.
A worked example
A Indianapolis-area home worth $240,000 in Q2 2021 would be about $324,500 in Q2 2026 on the metro index index (+35.2%); over the last year alone it would gain about $5,000 (+2.1%). One home can differ widely.
How to use these figures when buying
Related: Indiana closing costs guide, buying a home in Indianapolis and Indiana first-time buyer programs.
Method and dataset
ACS median value. ACS 1-Year 2024, table B25077. Geographies: United States (0100000US), Indiana (0400000US18), Indianapolis–Carmel–Greenwood metro area (310M700US26900), Marion County (0500000US18097), Indianapolis city (balance) (1600000US1836003). Read through the data.census.gov API on October 13, 2026.
FHFA index. FHFA HPI (purchase-only, seasonally adjusted), state series (Indiana), metro series (Indianapolis–Carmel–Greenwood, CBSA 26900) and U.S. series. Index values used: Indiana 361.12 (Q2 2025), 268.14 (Q2 2021) and 373.87 (Q2 2026); Indianapolis metro 364.54, 275.27 and 372.23; United States 426.58, 326.58 and 435.69.
Frequently asked questions
What is the median home value in Indiana?
Indiana’s 2024 ACS median home value is $243,500 (±$1,916), against $360,600 for the nation: owners’ own estimates, not sale prices.
What is the median home value in Indianapolis?
For the city of Indianapolis (balance), the 2024 ACS median value is $241,500 (±$4,256). Marion County is at $240,300 and the Indianapolis–Carmel–Greenwood metro area at $291,400.
Are Indiana home prices going up or down?
FHFA’s purchase-only index shows Indiana prices rose 3.5% over the year to Q2 2026, and the Indianapolis metro area rose 2.1%. Over five years, they rose 39.4% and 35.2%.
How Indiana compares with the other States
Indiana ranks 40th of 50 for median home value ($243,500), 32% below the national $360,600.
The States closest in median value are Ohio ($239,800) and Kansas ($238,700). The range runs from $170,800 in West Virginia to $875,900 in Hawaii; Indiana is $96,000 below the middle of that ranking (Wyoming).
On the FHFA index, Indiana prices rose 3.5% over the year to the second quarter of 2026, which places the State 18th of 50, 1.4 points ahead of the national +2.1%. Over five years the gain is +39.4% (16th of 50; nation +33.4%).
Indiana sits in the middle of the pack on at least one of the two measures: 40th for the level, 18th for the one-year change.
Over five years, Indiana's +39.4% annualises to +6.9% a year (nation +5.9%). The latest year (+3.5%) is 3.4 points under that average, a slower pace than the five-year average.
Indianapolis, the main city, has a median of $241,500, 42nd of the 49 main cities Payotte covers. That is level with the Indiana median, a discount that ranks 34th of 49.
The one-year FHFA change runs from -1.2% in New Mexico to +8.3% in Alaska. Indiana (+3.5%) is 4.8 points below the top and 4.7 above the bottom; New York (+3.5%) and Massachusetts (+3.6%) are the nearest to it.
For scale, 20% of the Indiana median is $48,700, against $72,120 at the national median.
Compare with the other states: Median home price by state.
More Indiana guides
- Closing costs in Indiana: what buyers and sellers pay
- Indiana transfer tax: none, but a sales disclosure form is due
- Indiana property tax: caps, rates and the homestead deduction
- Seller disclosure requirements in Indiana
- Do you need a real estate attorney to close in Indiana?
- Foreclosure process in Indiana
- First-time home buyer programs in Indiana: IHCDA and Indianapolis
- How to verify a real estate license in Indiana
Sources
- Census Bureau, ACS 1-Year 2024, table B25077 (consulted October 13, 2026)
- Census Bureau, 2025 ACS release schedule (consulted October 13, 2026)
- FHFA news release, August 25, 2026 (consulted October 13, 2026)
- FHFA HPI datasets (quarterly, purchase-only) (consulted October 13, 2026)