What is the cheapest city to buy a house in Indiana?

Gary, with a median closed price of $117,000 over its reporting window, among Indiana cities where Resideline tracked at least 100 closings inside the city limits.

Are these asking prices or sale prices?

Closed sale prices. Every price median is the price homes actually closed at inside the municipal boundary, not a listing price. The one column measured differently is realized appreciation, which uses the postal city, as the note under the table says.

Why does a cheap city show a high price per square foot?

Because the ranking median covers every property type that closed, condos and multi-family included, while the $/sqft column is single-family houses only. In cities where most sales are condos, the median price is low and the house $/sqft can still be high.

Is the appreciation figure a forecast?

No. It is the median annual change between consecutive sales of the same home, on repeat-sale pairs. It is historical and nominal, and it says what happened, not what will.

Cheapest Cities to Buy a House in Indiana (2026)

These are the Indiana cities with the lowest median closed home price over their reporting window, among cities where Resideline tracked at least 100 closings inside the municipal limits. Cheapest is not the same as best value, so each city also shows what houses closed at per square foot, what history says about appreciation, and how fast listed homes went under contract.

The ranking

#	City	Median closed price	Houses $/sqft	Realized appreciation	Days to contract	Closings	Window
1	Gary	$117,000	$80	4.49%/yr	26	378	six months
2	Marion	$123,000	$83	4.95%/yr	26	229	six months
3	New Castle	$139,950	$89	7.02%/yr	12	264	12 months
4	Logansport	$140,000	$93	6.58%/yr	21	161	six months
5	Terre Haute	$144,000	$99	n/a	n/a	166	six months
6	Muncie	$148,950	$106	6.50%/yr	10	552	six months
7	Anderson	$150,000	$90	7.57%/yr	17	412	six months
8	Evansville	$167,000	$118	4.73%/yr	8	1,275	six months
9	Huntington	$170,000	$123	5.71%/yr	10	209	six months
10	Kokomo	$174,950	$122	6.36%/yr	14	732	six months
11	South Bend	$180,000	$124	7.21%/yr	9	1,090	six months
12	Hammond	$194,000	$135	5.46%/yr	9	288	six months
13	Monticello	$197,000	$144	6.41%/yr	39	117	12 months
14	Crawfordsville	$199,900	$112	6.43%/yr	11	166	six months
15	Seymour	$200,000	$135	4.80%/yr	21	247	12 months

1. Gary, $117,000

The median closed price in Gary is $117,000 across the last six months, which puts it at roughly 42 percent of the state figure. Resideline tracked 378 closings there, roughly 63 a month. Single-family houses closed at a median of $80 per square foot across 366 sales with usable living area. Between consecutive sales of the same home, prices moved a median 4.49 percent a year (788 pairs, postal-area scope), a historical figure rather than a projection. The median listed home took 26 days to go under contract, across 237 listed closings. About 16.9 percent of listings that sold were marketed as-is or distressed, which is high and part of why the entry price is low. Full detail is on the Gary market page.

2. Marion, $123,000

Marion's median closed price over the last six months was $123,000, around 44 percent of what the typical Indiana sale closed at. Resideline tracked 229 closings there, roughly 38 a month. Single-family houses closed at a median of $83 per square foot across 202 sales with usable living area. Between consecutive sales of the same home, prices moved a median 4.95 percent a year (687 pairs, postal-area scope), a historical figure rather than a projection. The median listed home took 26 days to go under contract, across 122 listed closings. About 11.4 percent of listings that sold were marketed as-is or distressed, which is high and part of why the entry price is low. Full detail is on the Marion market page.

3. New Castle, $139,950

The median closed price in New Castle is $139,950 across the last 12 months, which puts it at roughly 50 percent of the state figure. 264 closings sit behind that figure, about 22 a month, enough to price against. On a per-square-foot basis, houses there closed at a median of $89, measured on 252 sales. Homes that sold twice appreciated at a median of 7.02 percent a year between those sales, on 362 repeat-sale pairs across the postal area that shares the city's name; that is what happened, not what will. Listed homes went under contract in a median of 12 days, which is fast for the state and leaves little time to deliberate. Full detail is on the New Castle market page.

4. Logansport, $140,000

Homes in Logansport closed at a median of $140,000 over the last six months, about 50 percent of the Indiana statewide median. Resideline tracked 161 closings there, roughly 27 a month. Single-family houses closed at a median of $93 per square foot across 152 sales with usable living area. Between consecutive sales of the same home, prices moved a median 6.58 percent a year (356 pairs, postal-area scope), a historical figure rather than a projection. The median listed home was under contract in 21 days, so a buyer here needs financing lined up before the search, not after. About 9.4 percent of listings that sold were marketed as-is or distressed, which is high and part of why the entry price is low. Full detail is on the Logansport market page.

5. Terre Haute, $144,000

Terre Haute's median closed price over the last six months was $144,000, around 52 percent of what the typical Indiana sale closed at. 166 closings sit behind that figure, about 28 a month, enough to price against. On a per-square-foot basis, houses there closed at a median of $99, measured on 151 sales. Full detail is on the Terre Haute market page.

6. Muncie, $148,950

Homes in Muncie closed at a median of $148,950 over the last six months, about 54 percent of the Indiana statewide median. 552 closings sit behind that figure, about 92 a month, enough to price against. On a per-square-foot basis, houses there closed at a median of $106, measured on 485 sales. Between consecutive sales of the same home, prices moved a median 6.50 percent a year (1,188 pairs, postal-area scope), a historical figure rather than a projection. The median listed home was under contract in 10 days, so a buyer here needs financing lined up before the search, not after. Full detail is on the Muncie market page.

7. Anderson, $150,000

The median closed price in Anderson is $150,000 across the last six months, which puts it at roughly 54 percent of the state figure. Resideline tracked 412 closings there, roughly 69 a month. On a per-square-foot basis, houses there closed at a median of $90, measured on 354 sales. Between consecutive sales of the same home, prices moved a median 7.57 percent a year (965 pairs, postal-area scope), a historical figure rather than a projection. The median listed home was under contract in 17 days, so a buyer here needs financing lined up before the search, not after. About 9.5 percent of listings that sold were marketed as-is or distressed, which is high and part of why the entry price is low. Full detail is on the Anderson market page.

8. Evansville, $167,000

Evansville's median closed price over the last six months was $167,000, around 60 percent of what the typical Indiana sale closed at. Resideline tracked 1,275 closings there, roughly 212 a month. On a per-square-foot basis, houses there closed at a median of $118, measured on 1,154 sales. Homes that sold twice appreciated at a median of 4.73 percent a year between those sales, on 4,116 repeat-sale pairs across the postal area that shares the city's name; that is what happened, not what will. Listed homes went under contract in a median of 8 days, which is fast for the state and leaves little time to deliberate. About 6.2 percent of listings that sold were marketed as-is or distressed, which is high and part of why the entry price is low. Full detail is on the Evansville market page.

9. Huntington, $170,000

The median closed price in Huntington is $170,000 across the last six months, which puts it at roughly 61 percent of the state figure. 209 closings sit behind that figure, about 35 a month, enough to price against. Single-family houses closed at a median of $123 per square foot across 204 sales with usable living area. Between consecutive sales of the same home, prices moved a median 5.71 percent a year (522 pairs, postal-area scope), a historical figure rather than a projection. The median listed home was under contract in 10 days, so a buyer here needs financing lined up before the search, not after. About 7.3 percent of listings that sold were marketed as-is or distressed, which is high and part of why the entry price is low. Full detail is on the Huntington market page.

10. Kokomo, $174,950

Kokomo's median closed price over the last six months was $174,950, around 63 percent of what the typical Indiana sale closed at. 732 closings sit behind that figure, about 122 a month, enough to price against. Single-family houses closed at a median of $122 per square foot across 675 sales with usable living area. Homes that sold twice appreciated at a median of 6.36 percent a year between those sales, on 1,591 repeat-sale pairs across the postal area that shares the city's name; that is what happened, not what will. Listed homes went under contract in a median of 14 days, which is fast for the state and leaves little time to deliberate. Full detail is on the Kokomo market page.

11. South Bend, $180,000

The median closed price in South Bend is $180,000 across the last six months, which puts it at roughly 65 percent of the state figure. Resideline tracked 1,090 closings there, roughly 182 a month. On a per-square-foot basis, houses there closed at a median of $124, measured on 994 sales. Homes that sold twice appreciated at a median of 7.21 percent a year between those sales, on 2,747 repeat-sale pairs across the postal area that shares the city's name; that is what happened, not what will. Listed homes went under contract in a median of 9 days, which is fast for the state and leaves little time to deliberate. About 7.5 percent of listings that sold were marketed as-is or distressed, which is high and part of why the entry price is low. Full detail is on the South Bend market page.

12. Hammond, $194,000

Homes in Hammond closed at a median of $194,000 over the last six months, about 70 percent of the Indiana statewide median. Resideline tracked 288 closings there, roughly 48 a month. On a per-square-foot basis, houses there closed at a median of $135, measured on 273 sales. Homes that sold twice appreciated at a median of 5.46 percent a year between those sales, on 712 repeat-sale pairs across the postal area that shares the city's name; that is what happened, not what will. Listed homes went under contract in a median of 9 days, which is fast for the state and leaves little time to deliberate. About 11.0 percent of listings that sold were marketed as-is or distressed, which is high and part of why the entry price is low. Full detail is on the Hammond market page.

13. Monticello, $197,000

Monticello's median closed price over the last 12 months was $197,000, around 71 percent of what the typical Indiana sale closed at. That rests on 117 closings, about 10 a month, which is a thin market: a buyer's comparable set and eventual exit both depend on a small pool. On a per-square-foot basis, houses there closed at a median of $144, measured on 110 sales. Homes that sold twice appreciated at a median of 6.41 percent a year between those sales, on 323 repeat-sale pairs across the postal area that shares the city's name; that is what happened, not what will. Listed homes went under contract in a median of 39 days. Full detail is on the Monticello market page.

14. Crawfordsville, $199,900

Homes in Crawfordsville closed at a median of $199,900 over the last six months, about 72 percent of the Indiana statewide median. Resideline tracked 166 closings there, roughly 28 a month. Single-family houses closed at a median of $112 per square foot across 141 sales with usable living area. Between consecutive sales of the same home, prices moved a median 6.43 percent a year (365 pairs, postal-area scope), a historical figure rather than a projection. The median listed home was under contract in 11 days, so a buyer here needs financing lined up before the search, not after. Full detail is on the Crawfordsville market page.

15. Seymour, $200,000

Homes in Seymour closed at a median of $200,000 over the last 12 months, about 72 percent of the Indiana statewide median. Resideline tracked 247 closings there, roughly 21 a month. Single-family houses closed at a median of $135 per square foot across 238 sales with usable living area. Between consecutive sales of the same home, prices moved a median 4.80 percent a year (438 pairs, postal-area scope), a historical figure rather than a projection. The median listed home was under contract in 21 days, so a buyer here needs financing lined up before the search, not after. Full detail is on the Seymour market page.

Note: realized appreciation is the one column measured on the postal city, from repeat sales of the same home across the ZIP codes that share the city's name; every other figure is confined to the municipal boundary.

How to read this list

Treat it as a shortlist. A citywide median cannot price a specific address, and the cheapest city on paper can be the most expensive per square foot or the slowest to resell. Run any address here through Resideline for the comparable sales behind its value.

Figures last updated September 5, 2026 from closings Resideline tracked. Appreciation is the median annual change between consecutive sales of the same home; it is historical, nominal and not a projection.