States › Indiana
State
Indiana
92 counties with an index · 40 metro and micro areas · 556 ZIP codes · 191 permit-issuing places · 6,973,333 residents (2025 est.)
FHFA notes: The FHFA HPI is a broad measure of the movement of single-family house prices. The FHFA HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. The line is FHFA's standard quarterly all-transactions index; the comparison table uses FHFA's annual state index from the same family. The index does not give a dollar value for any home.
Indiana's FHFA house price index starts in 1975. Through 2025 it has risen +641.8%; over the ten years to 2025 the rise was +94.5% (+6.9% a year), above the national +85.0%.
The quarterly index through 2026 Q2 is +4.6% on a year earlier and +1.8% on the quarter; nationally +3.0% and +1.1%.
The index peaked in 2007, fell −7.4% to 2012 and regained the peak in 2016; the national index fell −21.3% over 2007–2012.
27,672 housing units were authorised in Indiana in the 12 months to August 2026, 4.0 per 1,000 residents against 4.1 nationally; that is −7.2% on the previous 12 months. 92 counties, 40 metro and micro areas, 556 ZIP codes and 191 permit-issuing places in the state have their own pages.
Same span, state and nation
| Change in the FHFA index | Indiana | United States |
|---|---|---|
| 1 year (2024–2025) | +4.3% | +2.8% |
| 5 years (2020–2025) | +53.4% | +47.0% |
| 10 years (2015–2025) | +94.5% | +85.0% |
| 20 years (2005–2025) | +98.0% | +79.1% |
| Since 2000 | +126.2% | +158.3% |
| Since 1975 | +641.8% | +960.7% |
| 10-year annualised | +6.9% | +6.3% |
| 20-year annualised | +3.5% | +3.0% |
Decade by decade
| Decade | Change | United States | |
|---|---|---|---|
| 1980s (1980–1990) | +38.3% | +68.2% | |
| 1990s (1990–2000) | +44.7% | +33.9% | |
| 2000s (2000–2010) | +11.7% | +29.7% | |
| 2010s (2010–2020) | +32.1% | +35.5% | |
| 2020s so far (2020–2025) | +53.4% | +47.0% |
FHFA reports each index with a value of 100 in its base period, the first year the area has enough transactions (1975 here). A decade's change is the index at the end of the decade divided by the index at the start, so it does not depend on the base year; the United States column covers the same years. Decades before 1975 are not shown.
Peak-to-low declines
| Peak | Low | Decline | Peak regained |
|---|---|---|---|
| 2007 | 2012 | −7.4% | 2016 |
Purchase-only index
FHFA also publishes a purchase-only index, built from sales prices alone (no refinance appraisals). It starts in 1991 and is drawn here on its own base.
Counties
Ranked by ten-year change in FHFA's annual county index to 2025. Permits are housing units authorised in the 12 months to August 2026.
| County | 1 year | 10 years | Since 2000 | Units, 12 months | Per 1,000 | Index through |
|---|---|---|---|---|---|---|
| Ohio County | +3.3% | +133.9% | +161.2% | 9 | 1.5 | 2025 |
| Allen County | +3.6% | +124.8% | +155.6% | 1,535 | 3.8 | 2025 |
| Clinton County | +5.5% | +122.1% | +133.3% | 50 | 1.5 | 2025 |
| Pulaski County | +3.4% | +113.1% | +142.4% | 26 | 2.1 | 2025 |
| Benton County | +7.0% | +113.0% | +141.2% | 5 | 0.6 | 2025 |
| Parke County | +7.9% | +112.2% | — | 75 | 4.5 | 2025 |
| Jennings County | +8.3% | +111.3% | +135.4% | 120 | 4.3 | 2025 |
| Fountain County | +8.7% | +110.0% | +156.4% | 25 | 1.5 | 2025 |
| Tipton County | +4.4% | +109.8% | +121.6% | 24 | 1.6 | 2025 |
| Boone County | +6.1% | +109.0% | +161.1% | 1,143 | 14.2 | 2025 |
| LaGrange County | +2.0% | +109.0% | +158.9% | 150 | 3.6 | 2025 |
| Madison County | +3.4% | +106.5% | +104.7% | 221 | 1.6 | 2025 |
| St. Joseph County | +3.8% | +106.4% | +136.8% | 884 | 3.2 | 2025 |
| Steuben County | +6.9% | +105.3% | +148.6% | 137 | 3.9 | 2025 |
| Johnson County | +4.8% | +105.0% | +130.6% | 1,112 | 6.4 | 2025 |
| Warren County | +13.8% | +104.3% | +153.8% | 64 | 7.6 | 2025 |
| Hamilton County | +4.8% | +103.4% | +153.8% | 5,733 | 14.8 | 2025 |
| Cass County | +4.4% | +103.2% | +105.1% | 35 | 0.9 | 2025 |
| Starke County | +7.7% | +102.6% | +139.6% | 68 | 2.9 | 2025 |
| Tippecanoe County | +2.6% | +102.0% | +123.4% | 1,719 | 9.0 | 2025 |
| Hancock County | +5.6% | +101.6% | +124.7% | 1,043 | 11.5 | 2025 |
| Adams County | +7.1% | +101.4% | +117.6% | 110 | 3.0 | 2025 |
| Brown County | +6.7% | +101.3% | +161.3% | 70 | 4.4 | 2025 |
| Putnam County | +4.1% | +100.6% | +127.4% | 95 | 2.5 | 2025 |
| Marion County | +3.4% | +100.2% | +129.7% | 1,542 | 1.6 | 2025 |
| DeKalb County | +6.4% | +99.1% | +120.0% | 104 | 2.3 | 2025 |
| Howard County | +5.5% | +99.1% | +91.1% | 234 | 2.8 | 2025 |
| Washington County | +3.6% | +98.9% | +153.1% | 21 | 0.7 | 2025 |
| Elkhart County | +5.8% | +98.7% | +126.9% | 443 | 2.1 | 2025 |
| Fulton County | +5.2% | +98.0% | +134.5% | 51 | 2.5 | 2025 |
| Shelby County | +7.0% | +98.0% | +119.7% | 214 | 4.7 | 2025 |
| LaPorte County | +7.8% | +97.2% | +131.5% | 285 | 2.6 | 2025 |
| Wells County | +4.1% | +97.2% | +134.8% | 120 | 4.2 | 2025 |
| Henry County | +2.1% | +96.5% | +93.2% | 58 | 1.2 | 2025 |
| Morgan County | +4.5% | +96.5% | +124.3% | 366 | 4.9 | 2025 |
| Rush County | +9.5% | +96.2% | +115.1% | 34 | 2.0 | 2025 |
| Floyd County | +6.6% | +96.0% | +142.0% | 225 | 2.7 | 2025 |
| Randolph County | +7.5% | +95.8% | +106.8% | 20 | 0.8 | 2025 |
| Crawford County | −3.0% | +95.6% | +123.7% | 1 | 0.1 | 2025 |
| Noble County | +2.9% | +95.2% | +122.5% | 111 | 2.3 | 2025 |
| Whitley County | +4.0% | +94.8% | +136.8% | 89 | 2.5 | 2025 |
| Lawrence County | +4.2% | +94.6% | +153.9% | 75 | 1.6 | 2025 |
| Franklin County | +13.0% | +94.5% | +126.7% | 57 | 2.4 | 2025 |
| Scott County | +2.6% | +94.5% | +125.4% | 105 | 4.2 | 2025 |
| Dearborn County | +4.0% | +93.9% | +119.9% | 330 | 6.4 | 2025 |
| Montgomery County | +5.3% | +93.6% | +119.4% | 108 | 2.8 | 2025 |
| Wabash County | +5.5% | +93.6% | +116.5% | 80 | 2.6 | 2025 |
| Hendricks County | +2.5% | +93.5% | +128.9% | 1,366 | 7.1 | 2025 |
| Blackford County | +2.5% | +92.5% | +103.7% | 13 | 1.1 | 2025 |
| Carroll County | +2.1% | +92.5% | +129.5% | 59 | 2.9 | 2025 |
| Delaware County | +6.0% | +92.5% | +97.2% | 116 | 1.0 | 2025 |
| Clay County | +2.0% | +92.3% | +130.6% | 19 | 0.7 | 2025 |
| Owen County | +5.1% | +92.2% | +121.1% | 120 | 5.5 | 2025 |
| White County | +0.5% | +92.2% | +131.5% | 31 | 1.2 | 2025 |
| Jefferson County | +5.7% | +91.3% | +141.8% | 65 | 2.0 | 2025 |
| Fayette County | +3.7% | +90.7% | +81.2% | 23 | 1.0 | 2025 |
| Sullivan County | +17.3% | +90.5% | +139.9% | 4 | 0.2 | 2025 |
| Clark County | +1.5% | +90.2% | +124.4% | 880 | 6.7 | 2025 |
| Greene County | −0.1% | +89.6% | +126.6% | 0 | 0.0 | 2025 |
| Kosciusko County | +4.6% | +89.6% | +140.6% | 432 | 5.3 | 2025 |
| Decatur County | +0.5% | +89.3% | +126.8% | 62 | 2.3 | 2025 |
| Orange County | +0.9% | +89.0% | +122.3% | 42 | 2.1 | 2025 |
| Huntington County | +1.7% | +88.1% | +112.3% | 69 | 1.9 | 2025 |
| Ripley County | +7.6% | +88.0% | +119.0% | 106 | 3.6 | 2025 |
| Marshall County | +8.2% | +87.7% | +135.1% | 139 | 3.0 | 2025 |
| Grant County | +6.8% | +86.7% | +91.6% | 31 | 0.5 | 2025 |
| Pike County | +8.9% | +86.6% | +152.7% | 10 | 0.8 | 2025 |
| Harrison County | +4.0% | +86.4% | +131.9% | 111 | 2.7 | 2025 |
| Monroe County | +2.4% | +85.6% | +162.0% | 552 | 3.9 | 2025 |
| Miami County | +0.7% | +85.0% | +95.2% | 49 | 1.4 | 2025 |
| Jay County | +10.4% | +84.6% | +112.3% | 21 | 1.0 | 2025 |
| Union County | +20.0% | +84.0% | +113.2% | 8 | 1.2 | 2025 |
| Jackson County | +5.1% | +83.2% | +125.3% | 135 | 2.8 | 2025 |
| Newton County | +3.3% | +83.2% | +122.2% | 31 | 2.2 | 2025 |
| Bartholomew County | +3.9% | +82.9% | +131.7% | 147 | 1.7 | 2025 |
| Daviess County | +1.1% | +82.7% | +164.2% | 30 | 0.9 | 2025 |
| Lake County | +3.2% | +82.3% | +120.7% | 1,297 | 2.6 | 2025 |
| Vigo County | +6.7% | +82.2% | +100.3% | 277 | 2.6 | 2025 |
| Gibson County | +2.0% | +78.8% | +134.7% | 133 | 4.0 | 2025 |
| Vermillion County | +10.2% | +78.8% | +105.5% | 22 | 1.4 | 2025 |
| Wayne County | +6.4% | +78.4% | +71.9% | 125 | 1.9 | 2025 |
| Porter County | +3.6% | +78.3% | +122.5% | 600 | 3.4 | 2025 |
| Vanderburgh County | +3.8% | +77.7% | +110.5% | 424 | 2.3 | 2025 |
| Jasper County | +4.7% | +76.7% | +113.5% | 113 | 3.3 | 2025 |
| Warrick County | +4.6% | +74.2% | +121.8% | 303 | 4.5 | 2025 |
| Spencer County | +0.7% | +73.1% | +114.4% | 86 | 4.3 | 2025 |
| Dubois County | +7.7% | +72.3% | +127.0% | 267 | 6.1 | 2025 |
| Posey County | +5.8% | +71.0% | +121.5% | 35 | 1.4 | 2025 |
| Perry County | +6.0% | +70.9% | +110.1% | 29 | 1.5 | 2025 |
| Switzerland County | +4.2% | +70.7% | +73.0% | 81 | 8.1 | 2025 |
| Knox County | +3.3% | +60.1% | +104.4% | 42 | 1.2 | 2025 |
| Martin County | −1.6% | +39.6% | +83.1% | 42 | 4.3 | 2024 |
Metro and micropolitan areas
Areas with any county in Indiana; multi-state areas appear under each of their states.
| Area | Type | 1 year | 10 years | Year to 2026 Q2 | Units, 12 months |
|---|---|---|---|---|---|
| Frankfort, IN | Micro | +5.5% | +122.1% | — | 50 |
| Fort Wayne, IN | Metro | +3.8% | +118.2% | +4.3% | 1,744 |
| Angola, IN | Micro | +6.9% | +105.3% | — | 137 |
| South Bend-Mishawaka, IN-MI | Metro | +3.8% | +104.3% | +6.7% | 1,023 |
| Logansport, IN | Micro | +4.4% | +103.2% | — | 35 |
| Decatur, IN | Micro | +7.1% | +101.4% | — | 110 |
| Lafayette-West Lafayette, IN | Metro | +3.0% | +101.4% | +4.1% | 1,847 |
| Greencastle, IN | Micro | +4.1% | +100.6% | — | 95 |
| Indianapolis-Carmel-Greenwood, IN | Metro | +4.0% | +100.5% | +3.5% | 12,834 |
| Cincinnati, OH-KY-IN | Metro | +4.3% | +99.8% | +3.8% | 8,695 |
| Auburn, IN | Micro | +6.4% | +99.1% | — | 104 |
| Kokomo, IN | Metro | +5.5% | +99.1% | +7.2% | 234 |
| Elkhart-Goshen, IN | Metro | +5.8% | +98.7% | +5.3% | 443 |
| Michigan City-La Porte, IN | Metro | +7.8% | +97.2% | +6.6% | 285 |
| New Castle, IN | Micro | +2.1% | +96.5% | — | 58 |
| Kendallville, IN | Micro | +2.9% | +95.2% | — | 111 |
| Bedford, IN | Micro | +4.2% | +94.6% | — | 75 |
| Crawfordsville, IN | Micro | +5.3% | +93.6% | — | 108 |
| Wabash, IN | Micro | +5.5% | +93.6% | — | 80 |
| Muncie, IN | Metro | +6.0% | +92.5% | +13.9% | 116 |
| Monticello, IN | Micro | +0.5% | +92.2% | — | 31 |
| Madison, IN | Micro | +5.7% | +91.3% | — | 65 |
| Connersville, IN | Micro | +3.7% | +90.7% | — | 23 |
| Warsaw, IN | Micro | +4.6% | +89.6% | — | 432 |
| Greensburg, IN | Micro | +0.5% | +89.3% | — | 62 |
| Huntington, IN | Micro | +1.7% | +88.1% | — | 69 |
| Plymouth, IN | Micro | +8.2% | +87.7% | — | 139 |
| Bloomington, IN | Metro | +2.8% | +87.0% | +0.4% | 672 |
| Marion, IN | Micro | +6.8% | +86.7% | — | 31 |
| Peru, IN | Micro | +0.7% | +85.0% | — | 49 |
| Terre Haute, IN | Metro | +7.5% | +83.4% | +7.7% | 322 |
| Seymour, IN | Micro | +5.1% | +83.2% | — | 135 |
| Columbus, IN | Metro | +3.9% | +82.9% | +3.6% | 147 |
| Washington, IN | Micro | +1.1% | +82.7% | — | 30 |
| Louisville/Jefferson County, KY-IN | Metro | +3.9% | +82.0% | +3.8% | 5,215 |
| Richmond, IN | Micro | +6.4% | +78.4% | — | 125 |
| Evansville, IN | Metro | +4.2% | +76.0% | +2.4% | 762 |
| Jasper, IN | Micro | +7.7% | +72.3% | — | 267 |
| Chicago-Naperville-Elgin, IL-IN | Metro | +5.6% | +68.3% | — | 15,428 |
| Vincennes, IN | Micro | +3.3% | +60.1% | — | 42 |
Building permits
Housing units authorised in Indiana by month, latest 60 monthssingle-family2+ unit buildings
Housing units authorised in Indiana by year, 1995–2025single-family2+ unit buildings
Single-family share of the latest 12 months: 73% (63% nationally). Since 1995: 849,880 units.
Year by year
Each year's index change and permits, with every county's figures for that year.
| Year | Indiana index | US index | Units permitted | Single-family |
|---|---|---|---|---|
| 2025 | +4.3% | +2.8% | 29,076 | 19,877 |
| 2024 | +5.4% | +4.9% | 26,633 | 20,082 |
| 2023 | +8.0% | +5.7% | 27,055 | 17,046 |
| 2022 | +15.2% | +15.5% | 28,245 | 18,728 |
| 2021 | +12.0% | +11.6% | 29,860 | 22,225 |
| 2020 | +4.1% | +3.0% | 24,919 | 18,979 |
| 2019 | +5.5% | +4.2% | 22,309 | 16,308 |
| 2018 | +6.7% | +5.7% | 21,480 | 16,416 |
| 2017 | +4.5% | +5.4% | 21,664 | 16,075 |
| 2016 | +3.5% | +5.3% | 18,713 | 14,068 |
| 2015 | +3.3% | +4.4% | 18,483 | 12,646 |
| 2014 | +2.4% | +6.2% | 17,816 | 12,140 |
| 2013 | +0.9% | +3.4% | 17,950 | 12,089 |
| 2012 | −0.5% | −1.8% | 13,781 | 10,112 |
| 2011 | −1.8% | −4.4% | 12,618 | 9,324 |
| 2010 | −2.5% | −5.1% | 13,083 | 9,773 |
| 2009 | −2.1% | −7.5% | 12,555 | 9,666 |
| 2008 | −0.6% | −4.5% | 16,631 | 11,780 |
| 2007 | +1.1% | +0.6% | 23,841 | 19,232 |
| 2006 | +1.9% | +6.6% | 29,069 | 24,438 |
| 2005 | +3.5% | +12.4% | 38,476 | 32,116 |
| 2004 | +2.4% | +9.2% | 39,233 | 32,172 |
| 2003 | +1.4% | +4.5% | 39,421 | 31,891 |
| 2002 | +2.0% | +5.4% | 39,596 | 30,794 |
| 2001 | +4.3% | +6.7% | 39,117 | 32,376 |
| 2000 | +3.8% | +8.3% | 37,903 | 30,417 |
| 1999 | +3.0% | +4.3% | 41,469 | 33,408 |
| 1998 | +3.4% | +3.7% | 40,709 | 31,618 |
| 1997 | +4.2% | +3.8% | 35,241 | 28,118 |
| 1996 | +4.3% | +3.2% | 37,219 | 29,863 |
| 1995 | +5.5% | +3.7% | 35,715 | 27,905 |
Cities issuing the most permits
Housing units authorised in the 12 months to August 2026; every place is listed on its county page.
- Westfield 2,120
- Noblesville 1,863
- Allen County 1,535
- Indianapolis 1,485
- Carmel 1,016
- St. Joseph County Unincorporated Area 782
- Whitestown town 724
- Lafayette 697
- Fishers 586
- Tippecanoe County Unincorporated Area 566
- Brownsburg town 528
- Monroe County Unincorporated Area 499
- West Lafayette 456
- McCordsville town 421
- Greenwood 416
- Jeffersonville 415
- Greenfield 337
- Dearborn County 330
- Clark County Unincorporated Area 304
- Avon town 298
- St. John town 293
- Terre Haute 276
- Elkhart County Unincorporated Area 273
- Zionsville town 265
- Warrick County Unincorporated Area 261
- Franklin 258
- Kosciusko County Unincorporated Area 257
- Lowell town 223
- Vanderburgh County Unincorporated Area 222
- Crown Point 214
- Kokomo 211
- Danville town 207
- Evansville 202
- Portage 190
- Shelbyville 188
- Hancock County Unincorporated Area 177
- Floyd County Unincorporated Area 170
- Valparaiso 170
- Plainfield town 160
- Warsaw 159
Questions and answers
How much have home values in Indiana risen over 10 years?
The FHFA index rose +94.5% between 2015 and 2025, +6.9% a year; over 20 years +98.0% and since 2000 +126.2%. Nationally: +85.0%, +79.1% and +158.3%.
Which Indiana counties rose most over 10 years?
Ohio County (+133.9%), Allen County (+124.8%) and Clinton County (+122.1%), by FHFA's annual county index to 2025.
What happened to Indiana home prices in 2008?
The state index peaked in 2007, fell −7.4% to 2012 and regained its peak in 2016.
How many homes are being built in Indiana?
27,672 units were authorised in the 12 months to August 2026: 20,168 single-family and 7,504 in multi-unit buildings, 4.0 per 1,000 residents.
Where does this data come from?
FHFA's quarterly all-transactions state index (through 2026 Q2) and annual state index (updated March 31, 2026); the Census Bureau's Building Permits Survey state and county files through August 2026; vintage 2025 population estimates.
Provenance
Index: Federal Housing Finance Agency, quarterly all-transactions and purchase-only state indexes through 2026 Q2 and annual state index (updated March 31, 2026). Permits: Census Bureau Building Permits Survey state, county and place files through August 2026. Population: Census Bureau vintage 2025 estimates. Public domain. Corrections · FHFA HPI datasets.