HomeRule

Cost of homeownership in Indiana

State averages from Census ACS, energy costs from DOE EIA, and appreciation from FHFA. County-level detail is below.

Avg home value
$164,273
Avg property tax
$1,131
Homeownership rate
75.7%
1yr appreciation
2.9%

Home price trend

FHFA House Price Index, quarterly.

Most expensive counties

  1. 1.Hamilton County$350,900
  2. 2.Boone County$320,000
  3. 3.Hendricks County$257,700
  4. 4.Porter County$242,300
  5. 5.Johnson County$240,700
  6. 6.Monroe County$240,600
  7. 7.Hancock County$235,500
  8. 8.LaGrange County$230,300
  9. 9.Brown County$227,600
  10. 10.Warrick County$215,600

Most affordable counties

  1. 1.Martin County12.9%
  2. 2.Knox County13.1%
  3. 3.Miami County13.2%
  4. 4.Wabash County13.2%
  5. 5.Dubois County13.5%
  6. 6.Cass County13.6%
  7. 7.Vermillion County13.7%
  8. 8.Warren County13.7%
  9. 9.Union County13.7%
  10. 10.Pulaski County13.8%
Avg electricity
16.2¢/kWh

DOE EIA residential average.

Avg annual energy cost
$1,753

Residential baseline.

Avg mortgage interest deduction
Pending

IRS SOI, state-level avg.

All counties in Indiana

Frequently asked questions

How much does it cost to own a home in Indiana?

Based on Census ACS, the state average home value in Indiana is $164,273, with median annual property tax around $1,131. Your actual cost depends on county and property.

What is the property tax in Indiana?

Property tax rates vary by county. Indiana's state average sits at roughly $1,131 per year on a median home. See county-level pages for local rates.

How fast are home prices appreciating in Indiana?

FHFA House Price Index data shows Indiana appreciating 2.9% over the last year and 47.1% over the last five years.

Is homeownership high in Indiana?

Indiana's homeownership rate is 75.7% (Census ACS). The share of owner-occupied units varies widely across counties.

Data sources

Disclaimer. HomeRule is not a real estate agent, lender, appraiser, or financial advisor. This content is for educational and informational purposes only. Actual costs vary significantly by property, location, and individual circumstances. Consult qualified professionals for personalized advice.