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Housing Affordability

Home price and typical payment compared to income

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Housing Affordability • Howard County • May 2026

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Affordability

Payment as a Percent of Income

Based on 3-mo. median sale price
May 2026
28.3%
Year-over-year change
+8%
Compared to 26.2% last year
Difference from state
-21%
Compared to 35.8% in Indiana
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May 2026
28.3%
Year-over-year change
+8%
Compared to 26.2% last year
Difference from state
-21%
View source and notes...

Last update: June 7, 2026, 4:13 a.m. 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.

Affordable Listings

Pct. of listings in last 90 days affordable to household earning $75K
May 2026
66.2%
Year-over-year change
+0%
Compared to 66.0% last year
Difference from state
+80%
Compared to 36.9% in Indiana
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May 2026
66.2%
Year-over-year change
+0%
Compared to 66.0% last year
Difference from state
+80%
View source and notes...

Last update: June 7, 2026, 4:03 a.m. 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.

Demographics

Median Household Income

Adjusted to current dollars
January 2025
$62,644
Year-over-year change
+6%
Compared to $58,934 last year
Difference from state
-10%
Compared to $69,976 in Indiana
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January 2025
$62,644
Year-over-year change
+6%
Compared to $58,934 last year
Difference from state
-10%
View source and notes...

Last update: June 7, 2026, 4:13 a.m. 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.

Market Momentum

Price

Median Monthly Payment

For median-priced home
May 2026
$1,479
Year-over-year change
+8%
Compared to $1,366 last year
Difference from state
-29%
Compared to $2,085 in Indiana
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May 2026
$1,479
Year-over-year change
+8%
Compared to $1,366 last year
Difference from state
-29%
View source and notes...

Last update: June 7, 2026, 4:03 a.m. 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.

Median Sale Price

3-Month Rolling Median
May 2026
$195,000
Year-over-year change
+11%
Compared to $175,000 last year
Difference from state
-29%
Compared to $275,000 in Indiana
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May 2026
$195,000
Year-over-year change
+11%
Compared to $175,000 last year
Difference from state
-29%
View source and notes...

Last update: June 7, 2026, 4:03 a.m. Source: IAR Data Warehouse Data notes: -

Sales

Closed Sales by Price

12-month rolling total
All properties, June 2026
1,185
+3%
Under $250K
823
-2%
At Least $250K
362
+15%
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All properties, June 2026
1,185
+3%
Under $250K
823
-2%
At Least $250K
362
View source and notes...

Last update: June 7, 2026, 4:55 a.m. Source: IAR MLS Data Warehouse Data notes: None

Supply

New Listings by Price

12-month rolling total
All properties, June 2026
1,502
+5%
Under $250K
1,048
+4%
At Least $250K
457
+6%
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All properties, June 2026
1,502
+5%
Under $250K
1,048
+4%
At Least $250K
457
View source and notes...

Last update: June 7, 2026, 4:55 a.m. Source: IAR MLS Data Warehouse Data notes: None

Inventory by Price

Average daily inventory in latest month
All properties, June 2026
242
+24%
Under $250K
157
+34%
At Least $250K
86
+8%
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All properties, June 2026
242
+24%
Under $250K
157
+34%
At Least $250K
86
View source and notes...

Last update: June 7, 2026, 4:55 a.m. Source: IAR MLS Data Warehouse Data notes: None

Contact

Indiana Association of REALTORS®
143 W Market St, Ste 100
Indianapolis, IN 46204
Phone: 1.800.284.0084

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