Home ValuePros

US housing market report · August 2026

The state of the Indiana housing market.

Median home value and city-by-city trends across Indiana, from Zillow Home Value Index data. Free to cite with attribution to Home Value Pros.

Indiana median value

$238K

Zillow ZHVI, August 2026

Cities covered

22

with published pages

Report video

Monthly

per city, on each hub

12-month outlook · data through August 2026

Where are Indiana home values headed?

Current typical value

$237,708

Zillow ZHVI median, August 2026

Past 12 months

+4.7%

change in the median

12 months out

$250,000

if the recent trend continues

Trend projection from the past 12 months, not a prediction. Actual values depend on mortgage rates, inventory, and local conditions.

Where values are climbing

Fastest appreciating Indiana cities

  1. 1Economy
    $240KUp9.3%
  2. 2Peru
    $154KUp8.8%
  3. 3South Bend
    $183KUp7.4%
  4. 4Elkhart
    $247KUp6.0%
  5. 5Mill Creek
    $323KUp5.3%
  6. 6Warsaw
    $287KUp5.1%
  7. 7Carmel
    $588KUp5.1%
  8. 8Morocco
    $196KUp3.9%
  9. 9Ramsey
    $249KUp3.7%
  10. 10Edinburgh
    $233KUp3.6%

Where the market is cooling

Fastest cooling Indiana cities

  1. 1Gary
    $82KDown5.8%
  2. 2Indianapolis
    $256KDown0.9%
  3. 3Hammond
    $174KDown0.7%
  4. 4Terre Haute
    $181KUp1.3%
  5. 5Fishers
    $427KUp1.7%
  6. 6Muncie
    $126KUp1.9%
  7. 7Bloomington
    $327KUp2.1%
  8. 8Brazil
    $194KUp2.2%
  9. 9Anderson
    $188KUp3.1%
  10. 10English
    $197KUp3.2%

Priciest markets in the state

Most expensive Indiana cities by median value

  1. 1Carmel
    $588K
  2. 2Fishers
    $427K
  3. 3Bloomington
    $327K
  4. 4Mill Creek
    $323K
  5. 5Warsaw
    $287K
  6. 6Indianapolis
    $256K
  7. 7Ramsey
    $249K
  8. 8Elkhart
    $247K
  9. 9Economy
    $240K
  10. 10Edinburgh
    $233K

Common questions

What people ask us.

Methodology & attribution

Figures are medians of the latest Zillow Home Value Index (ZHVI) across each city's published ZIPs in Indiana, as of August 2026. Year-over-year change compares each market to the same month a year earlier, paired ZIPs only. Data and analysis by Home Value Pros; cite with a link to this report. See the national housing market report and the Indiana market index.