Rent vs Buy in Indiana
Compare 4 cities across Indiana. Find out whether renting or buying makes more financial sense in your area.
4cities analyzed
Avg Home:$262,500
Avg Rent:$1,400/mo
Avg Price/Rent:15.7
Indiana Housing Market Summary
4
Cities Analyzed
4
Favor Buying
0
Favor Renting
0
Toss-Up
Across Indiana's 4 analyzed cities, the majority (4 cities) favor buying over renting. This suggests Indiana generally offers good value for homebuyers.
The average home price in Indiana is $262,500, with average rents at $1,400/month. This gives an average price-to-rent ratio of 15.7.
$Most Affordable Cities
$$Most Expensive Cities
All Indiana Cities
Sorted by population. Click any city for detailed analysis.
| City | Median Price | Median Rent | Price/Rent | Break-even | Verdict |
|---|---|---|---|---|---|
| Indianapolis | $305,000 | $1,700 | 15.0 | 6 yrs | Buy |
| Fort Wayne | $235,000 | $1,350 | 14.5 | 3 yrs | Buy |
| Evansville | $270,000 | $1,350 | 16.7 | 6 yrs | Buy |
| South Bend | $240,000 | $1,200 | 16.7 | 3 yrs | Buy |
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