Housing Affordability

Affordability

Payment as a Percent of Income

Based on 3-mo. median sale price

July 2026

34.2%

Year-over-year change

+0%

Compared to 34.1% last year

Difference from state

-19%

Compared to 42.2% in Indiana

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July 2026

34.2%

Year-over-year change

+0%

Compared to 34.1% last year

Difference from state

-19%

View source and notes...

Last update: Aug. 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. MIBOR 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

July 2026

27.6%

Year-over-year change

+8%

Compared to 25.7% last year

Difference from state

-24%

Compared to 36.1% in Indiana

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July 2026

27.6%

Year-over-year change

+8%

Compared to 25.7% last year

Difference from state

-24%

View source and notes...

Last update: Aug. 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 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 2025

$87,242

Year-over-year change

+3%

Compared to $84,738 last year

Difference from state

+41%

Compared to $61,915 in Indiana

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January 2025

$87,242

Year-over-year change

+3%

Compared to $84,738 last year

Difference from state

+41%

View source and notes...

Last update: Aug. 7, 2026, midnight Source: American Community Survey and Bureau of Labor Statistics Employment Cost Index Data notes: The most recent income measure from the American Community Survey is adjusted by two-year change in the Employment Cost Index to adjust to current dollars. MIBOR 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

July 2026

$2,483

Year-over-year change

+0%

Compared to $2,479 last year

Difference from state

+14%

Compared to $2,178 in Indiana

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July 2026

$2,483

Year-over-year change

+0%

Compared to $2,479 last year

Difference from state

+14%

View source and notes...

Last update: Aug. 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 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

July 2026

$325,000

Year-over-year change

+2%

Compared to $320,000 last year

Difference from state

+14%

Compared to $285,000 in Indiana

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July 2026

$325,000

Year-over-year change

+2%

Compared to $320,000 last year

Difference from state

+14%

View source and notes...

Last update: Aug. 7, 2026, midnight Source: IAR Data Warehouse Data notes: - MIBOR 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, July 2026

32,400

+4%

Under $250K

10,075

-2%

At Least $250K

22,325

+7%

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All properties, July 2026

32,400

+4%

Under $250K

10,075

-2%

At Least $250K

22,325

View source and notes...

Last update: Aug. 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: None MIBOR 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, July 2026

40,149

+5%

Under $250K

12,226

+4%

At Least $250K

27,923

+6%

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All properties, July 2026

40,149

+5%

Under $250K

12,226

+4%

At Least $250K

27,923

View source and notes...

Last update: Aug. 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: None MIBOR 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, July 2026

7,172

+17%

Under $250K

2,335

+30%

At Least $250K

4,836

+11%

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All properties, July 2026

7,172

+17%

Under $250K

2,335

+30%

At Least $250K

4,836

View source and notes...

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

Home price and typical payment compared to income

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Affordability

Payment as a Percent of Income

Based on 3-mo. median sale price

Affordable Listings

Pct. of listings in last 90 days affordable to household earning $75K

Demographics

Median Household Income

Adjusted to current dollars

Market Momentum

Price

Median Monthly Payment

For median-priced home

Median Sale Price

3-Month Rolling Median

Sales

Closed Sales by Price

12-month rolling total

Supply

New Listings by Price

12-month rolling total

Inventory by Price

Average daily inventory in latest month

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