Indianapolis, IN home prices
Typical home $291,634 · +1.0% in a year · income needed $82,900
The Indianapolis, IN metro area ranks 337 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +1.0% in a year and +22.6% over five years. With 20% down at 7.11%, the typical home costs about $1,935 a month including 0.91% property tax (Marion County rate).
Mortgage on the typical Indianapolis home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $58,327 | $233,307 | $1,569 | $0 | $366 | $1,935 | $82,900 |
| 10% down | $29,163 | $262,471 | $1,766 | $109 | $366 | $2,241 | $96,000 |
| 5% down | $14,582 | $277,053 | $1,864 | $115 | $366 | $2,345 | $100,500 |
| 3.5% down (FHA) | $10,207 | $286,352 | $1,926 | $129 | $366 | $2,421 | $103,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.91% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Indianapolis area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Marion County, IN | $227,822 | -0.8% | 0.91% |
| Hamilton County, IN | $466,276 | +2.8% | 0.88% |
| Hendricks County, IN | $343,151 | +1.6% | 0.81% |
| Johnson County, IN | $312,876 | +1.5% | 0.71% |
| Madison County, IN | $187,876 | +2.9% | 0.74% |
| Hancock County, IN | $329,462 | +2.0% | 0.66% |
| Morgan County, IN | $299,883 | +1.8% | 0.49% |
| Boone County, IN | $421,188 | +4.0% | 0.78% |
| Shelby County, IN | $244,636 | +1.1% | 0.66% |
| Putnam County, IN | $274,190 | +4.9% | 0.48% |
| Brown County, IN | $358,796 | +2.2% | 0.44% |
What can you afford in Indiana on your salary? · Indiana home prices · Salaries in Indiana
Frequently asked questions
How much is a house in Indianapolis?
The typical home in the Indianapolis, IN metro area is worth $291,634 (Zillow, September 2026).
What salary do you need to buy a house in Indianapolis?
About $82,900 a year for the typical home with 20% down at 7.11%.