Indiana Mortgage Rates & Home Prices (2026)
Median price: $235,000 · Avg. rate: 6.87%
Indiana Market Overview
$235,000
Median Home Price
6.87%
Avg. 30-Yr Rate
0.85%
Property Tax Rate
70.3%
Homeownership Rate
Indiana remains one of the most affordable states for homebuyers in the Midwest. The IHCDA offers 6% of the purchase price in down payment assistance as a forgivable second mortgage. Indianapolis and surrounding suburbs offer the most active market.
Estimated Monthly Payment
Median home in Indiana (20% down, 30-yr fixed)
$1,499/mo
Principal & Interest$1,234
Property Taxes$166
Home Insurance (est.)$98
Total Monthly (PITI)$1,499
Based on a $235,000 home with 20% down ($188,000 loan) at 6.87%. Does not include PMI, HOA, or other fees.
First-Time Buyer Programs in Indiana
- IHCDA First Place Program
- Next Home Program
- Mortgage Credit Certificate
Contact your state's Housing Finance Agency for current program availability and requirements.
Rate Comparison: IN Rates
30-Year Fixed6.87%
15-Year Fixed6.10%
5/1 ARM (est.)6.12%
FHA 30-Year6.72%
VA 30-Year6.62%
Rates are estimates based on state averages and may vary by lender and borrower qualifications.
Frequently Asked Questions
Key Stats: IN
FHA Loan Limit$472,030
Median Income$63,849
Cost Index0.85x