Housing Market in Indiana

Compare median home prices, monthly mortgages, and rent-vs-own ratios across 3 cities.

Avg Home Price

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Monthly Mortgage

$---

vs. National

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below average

Cities Tracked

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Home Price Landscape

Zillow ZHVI

Median home values by city. Dashed line = national average ($467,370).

$238,593

$226,528

$194,790

City	Median Price	Mortgage/mo	Rent vs Own
Fort Wayne	$238,593	$1,270	0.91
Indianapolis	$226,528	$1,206	1.12
Evansville	$194,790	$1,037	0.97

Zillow ZHVI — Zillow Home Value Index provides smoothed, seasonally-adjusted median home values per metro area.

Mortgage Model — 20% down, 7% 30-yr fixed. Property taxes, insurance, HOA are not included. Use as directional guidance only.

Rent vs Own Ratio — Monthly rent ÷ mortgage. Below 0.8 → buying favored. Above 1.2 → renting favored.

Updated monthly · March 2026

Crunching costs, sorting signals, rendering insights.