All Reports › Housing Affordability › MIBOR (Association) • September 2026 • All Residential

Housing Affordability

Home price and typical payment compared to income

Summary

Generating summary...

Housing Affordability • MIBOR (Association) • September 2026

Affordability

Payment as a Percent of Income

Based on 3-mo. median sale price
September 2026
34.7%
Year-over-year change
+4%
Compared to 33.3% last year
Difference from state
-1%
Compared to 34.9% in Indiana
View source and notes...

Last update: Oct. 7, 2026, midnight Source: IAR Data Warehouse / American Community Survey Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average. Income is the Median Household Income series, including its projected years. MIBOR (Association) includes Boone County, Brown County, Decatur County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Montgomery County, and 4 more.

Affordable Listings

Pct. of listings in last 90 days affordable to household earning $75K
September 2026
28.4%
Year-over-year change
-4%
Compared to 29.6% last year
Difference from state
-23%
Compared to 37.0% in Indiana
View source and notes...

Last update: Oct. 7, 2026, midnight Source: IAR Data Warehouse Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average. MIBOR (Association) includes Boone County, Brown County, Decatur County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Montgomery County, and 4 more.

Demographics

Median Household Income

Adjusted to current dollars
January 2026
$87,826
Year-over-year change
+2%
Compared to $85,696 last year
Difference from state
+16%
Compared to $75,847 in Indiana
View source and notes...

Last update: Oct. 7, 2026, midnight Source: American Community Survey and Bureau of Labor Statistics Employment Cost Index Data notes: Median household income from the American Community Survey: 1-year estimate where available, 5-year otherwise; county groups are household-weighted. Each year is averaged with the prior year to smooth sampling noise. The latest two years are projections: the ACS figure from two years earlier grown by the two-year change in the BLS Employment Cost Index (December to December), replaced when that ACS year is published. MIBOR (Association) includes Boone County, Brown County, Decatur County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Montgomery County, and 4 more.

Market Momentum

Price

Median Monthly Payment

For median-priced home
September 2026
$2,538
Year-over-year change
+7%
Compared to $2,379 last year
Difference from state
+15%
Compared to $2,209 in Indiana
View source and notes...

Last update: Oct. 7, 2026, midnight Source: IAR Datawarehouse Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average. MIBOR (Association) includes Boone County, Brown County, Decatur County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Montgomery County, and 4 more.

Median Sale Price

3-Month Rolling Median
September 2026
$324,000
Year-over-year change
+3%
Compared to $316,000 last year
Difference from state
+15%
Compared to $282,000 in Indiana
View source and notes...

Last update: Oct. 7, 2026, midnight Source: IAR Data Warehouse Data notes: - MIBOR (Association) includes Boone County, Brown County, Decatur County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Montgomery County, and 4 more.

Sales

Closed Sales by Price

12-month rolling total
All properties, September 2026
32,119
+2%
Under $250K
9,940
-3%
At Least $250K
22,179
+4%
View source and notes...

Last update: Oct. 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: None MIBOR (Association) includes Boone County, Brown County, Decatur County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Montgomery County, and 4 more.

Supply

New Listings by Price

12-month rolling total
All properties, September 2026
39,589
+3%
Under $250K
12,011
+2%
At Least $250K
27,578
+3%
View source and notes...

Last update: Oct. 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: None MIBOR (Association) includes Boone County, Brown County, Decatur County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Montgomery County, and 4 more.

Inventory by Price

Average daily inventory in latest month
All properties, September 2026
7,856
+16%
Under $250K
2,640
+24%
At Least $250K
5,216
+12%
View source and notes...

Last update: Oct. 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: None MIBOR (Association) includes Boone County, Brown County, Decatur County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Montgomery County, and 4 more.