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:$219,363
Avg Rent:$1,220/mo
Avg Price/Rent:15.1
Indiana Housing Market Summary
4
Cities Analyzed
0
Favor Buying
3
Favor Renting
1
Toss-Up
Across Indiana's 4 analyzed cities, the majority (3 cities) favor renting over buying. High home prices relative to rents make renting more financially attractive in much of Indiana.
The average home price in Indiana is $219,363, with average rents at $1,220/month. This gives an average price-to-rent ratio of 15.1.
$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 | $226,824.99 | $1,367.22 | 13.8 | N/A | Rent |
| Fort Wayne | $244,079.68 | $1,162.6 | 17.5 | N/A | Rent |
| Evansville | $191,609.53 | $1,017.61 | 15.7 | N/A | Rent |
| South Bend | $214,936.15 | $1,332.86 | 13.4 | N/A | Toss-up |
Compare Other States
Run Your Own Numbers
These are general analyses based on median values. Use our comprehensive Buy vs Rent calculator to input your specific income, savings, and financial goals.
Open Full Calculator