The 10 Best Places To Buy A House In Indiana For 2022


Using science and data, we can tell you which places in Indiana have seen home prices rising and people flocking over the past year.

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Editor’s note: This is not investment advice and we are not financial advisers. Article updated for 2022.

There's a the age old question everyone thinks about when they decide to move to a city in Indiana:

Should I buy a place or rent? Well, we aren't here today to solve that problem for you exactly. We are just assuming you'll do the right thing and a buy a place. And while we are happy to tell you the best place to live in Indiana, this analysis is going to tackle the question of the best place to buy a house as an investor. That is we are going to try and determine the up and coming cities in the Hoosier State.

To do that we are going to look at places in Indiana that are growing faster than average, but where home prices are below average. In every day terms, the "deals". The best deal in Indiana at the moment? That would be Lawrenceburg according to our analysis.

Here's a look at the top ten places to buy a home in Indiana for 2022.

What's the best place to buy a home in Indiana for 2022? According to our analysis, would the the ideal place to buy a home looking into the future.

The methodology that wen't into this can be a bit complicated, so we'll break it down for you in as much detail as we can below. If you're not worried about finding a deal on good places to live, check out the most expensive places to live in Indiana and, for those of you on a budget, the cheapest places to live in Indiana.

For more Indiana reading, check out:

The 10 Best Cities To Buy A House In Indiana For 2022

Lawrenceburg, IN

Source: Public domain
Overall SnackAbility

5
/10

Population: 5,009
Median Home Price: $132,200
Population Change: 0.6%
Home Price Change: -6.2%
More on Lawrenceburg: PhotosHomes For Sale | Data

Monticello, IN

Source: Public domain
Overall SnackAbility

5
/10

Population: 5,255
Median Home Price: $97,700
Population Change: -0.1%
Home Price Change: 1.9%
More on Monticello: PhotosHomes For Sale | Data

Linton, IN

Source: Public domain
Overall SnackAbility

4
/10

Population: 5,293
Median Home Price: $68,600
Population Change: 0.9%
Home Price Change: 1.5%
More on Linton: PhotosHomes For Sale | Data

North Manchester, IN

Source: Public domain
Overall SnackAbility

5
/10

Population: 5,612
Median Home Price: $103,400
Population Change: -1.7%
Home Price Change: 9.0%
More on North Manchester: PhotosHomes For Sale | Data

Gas City, IN

Source: Public domain
Overall SnackAbility

5
/10

Population: 5,756
Median Home Price: $98,700
Population Change: -0.8%
Home Price Change: 11.4%
More on Gas City: PhotosHomes For Sale | Data

Hartford City, IN

Source: Public domain
Overall SnackAbility

6
/10

Population: 5,781
Median Home Price: $61,500
Population Change: -0.9%
Home Price Change: 1.7%
More on Hartford City: PhotosHomes For Sale | Data

Westville, IN

Overall SnackAbility

7
/10

Population: 5,822
Median Home Price: $135,200
Population Change: -0.4%
Home Price Change: 4.7%
More on Westville: PhotosHomes For Sale | Data

Cumberland, IN

Source: Public domain
Overall SnackAbility

6
/10

Population: 5,840
Median Home Price: $167,000
Population Change: 2.1%
Home Price Change: 6.8%
More on Cumberland: PhotosHomes For Sale | Data

Winfield, IN

Overall SnackAbility

6
/10

Population: 5,879
Median Home Price: $292,100
Population Change: 3.0%
Home Price Change: 3.6%
More on Winfield: PhotosHomes For Sale | Data

Portland, IN

Overall SnackAbility

5
/10

Population: 5,972
Median Home Price: $76,100
Population Change: 1.5%
Home Price Change: 7.0%
More on Portland: PhotosHomes For Sale | Data

Methodology: How do you determine the best places to buy a home in Indiana for 2022?

We were in real estate for almost five years and have been working on this site for another three. Suffice is to say, we've put a lot of thought into what goes into finding a good place to buy a home.

So all that thinking has come to this moment where we get to spell out how we'd approach finding an up-and-coming place to live in Indiana. Put differently, the analysis will try to find places in Indiana with undervalued homes relative to pent up demand.

To do that we looked at the most recent American Community Survey Census data for 2016-2020 and compared it to the previous vintage (2012-2016). Specifically, we used the following criteria:

  • Y-o-Y Change In Population (People want to live here)
  • Y-o-Y Change In Median Home Prices (People are willing to pay for it)
  • Home Prices Relative To The State Average (It's still kinda cheap)

We want places that are growing, have seen home prices increase in recent years, and are still "cheap" for Indiana with the following caveats:

So of the 0 cities and towns in Indiana, only 118 places made it through our initial filters to even be considered.

We then ranked each place from 1 to 118 for the criteria mentioned above with 1 being the best for that criteria. We averaged the rankings to create a "best place to buy" index with the place having the lowest index being the best. You can download the data here.

Turns out that Lawrenceburg is the best potential gem in the not-so-rough in the Hoosier State.

Read on for more on these places.

Summary: The Best Places To Purchase A House In Indiana for 2022

There's our analysis of the best places to buy a house in Indiana. And, to be clear, we aren't necessarily saying these places are the best places to live, just that it looks like they might be in a couple of years based on the data.

In fact, every place in the following table meets our criteria, so even though it may not look super long, remember we started off with all 0 places in the state.

So if we'd could rent or buy in these cities, we'd definitely buy.

For more Indiana reading, check out:

Home Prices By City In Indiana

City Rank Median Home Price Population Change Home Price Increase
Lawrenceburg 1 $132,200 0.6% -6.2%
Monticello 2 $97,700 -0.1% 1.9%
Linton 3 $68,600 0.9% 1.5%
North Manchester 4 $103,400 -1.7% 9.0%
Gas City 5 $98,700 -0.8% 11.4%
Hartford City 6 $61,500 -0.9% 1.7%
Westville 7 $135,200 -0.4% 4.7%
Cumberland 8 $167,000 2.1% 6.8%
Winfield 9 $292,100 3.0% 3.6%
Portland 10 $76,100 1.5% 7.0%
Rochester 11 $101,500 -0.3% -1.6%
Rensselaer 12 $112,700 -2.7% -2.6%
New Whiteland 13 $103,800 2.1% 6.9%
Salem 14 $93,900 0.3% 13.7%
Rushville 15 $90,900 2.4% 2.2%
Huntingburg 16 $99,900 -3.4% 1.7%
Garrett 17 $105,300 -2.2% 7.4%
Boonville 18 $103,100 3.5% 9.9%
Mount Vernon 19 $131,100 -0.7% 6.4%
Ellettsville 20 $153,600 0.1% 12.0%
Scottsburg 21 $100,800 0.2% -0.4%
Batesville 22 $174,700 4.4% 4.2%
Nappanee 23 $143,900 1.5% 16.8%
North Vernon 24 $92,300 6.4% -1.3%
Hunte 25 $178,300 6.4% 5.7%
Mccordsville 26 $242,900 5.5% 5.6%
Tell City 27 $106,700 -0.2% 4.9%
Bargersville 28 $232,300 4.7% 6.0%
Brazil 29 $86,700 -1.8% 4.3%
Charlestown 30 $133,300 1.1% -2.3%
Elwood 31 $68,300 -0.1% -0.7%
Angola 32 $145,300 0.5% 10.8%
Princeton 33 $95,400 0.4% -1.5%
Whitestown 34 $231,100 6.4% 2.7%
Columbia City 35 $130,300 -0.0% 4.1%
Sellersburg 36 $155,800 2.8% 1.0%
Kendallville 37 $97,000 0.2% -2.6%
Decatur 38 $104,100 -1.7% 6.6%
Mooresville 39 $145,300 0.7% 4.8%
Lowell 40 $170,300 1.4% 2.0%
Wabash 41 $85,600 -0.7% 3.9%
Plymouth 42 $95,200 -0.2% 1.7%
Bluffton 43 $100,500 3.8% 0.2%
Greencastle 44 $118,900 0.2% 12.5%
Danville 45 $180,800 4.6% 11.7%
Yor 46 $143,700 -0.1% 1.3%
Greensburg 47 $122,900 -0.1% 1.7%
Peru 48 $63,700 -1.9% 4.1%
Madison 49 $142,100 -0.3% 6.8%
Martinsville 50 $108,800 1.5% 10.5%
Lake Station 51 $86,100 -0.4% 2.0%
Speedway 52 $131,900 0.5% 8.1%
Washington 53 $90,100 0.8% 4.4%
Cedar Lake 54 $188,900 2.7% 3.5%
Connersville 55 $75,600 -0.5% 5.7%
Auburn 56 $126,000 1.2% 5.3%
Bedford 57 $107,200 -0.2% 13.1%
Chesterton 58 $199,000 -1.7% 4.5%
Beech Grove 59 $108,800 1.1% 7.1%
Frankfort 60 $87,900 -0.4% 5.4%
Jasper 61 $157,600 -0.9% 1.5%
Warsaw 62 $138,800 1.9% 2.7%
Dyer 63 $227,400 -0.1% 7.1%
New Haven 64 $111,500 -2.1% 7.8%
Crawfordsville 65 $107,400 -0.0% -0.1%
Griffith 66 $149,100 -0.2% 5.2%
Lebanon 67 $135,700 2.4% 9.0%
Huntington 68 $81,500 0.1% -0.4%
Vincennes 69 $77,400 -1.2% -0.4%
New Castle 70 $75,300 -0.3% 2.7%
Logansport 71 $66,800 0.0% 0.0%
Avon 72 $212,600 3.5% 0.9%
St. John 73 $279,700 5.5% -3.6%
Shelbyville 74 $103,600 -0.2% 1.5%
Seymour 75 $121,400 0.8% 1.3%
La Porte 76 $108,600 -1.2% 9.4%
Clarksville 77 $128,600 1.3% 7.8%
Highland 78 $166,700 -0.5% 3.5%
Greenfield 79 $150,800 1.8% 8.5%
Munster 80 $232,800 -0.4% 1.9%
Franklin 81 $145,200 0.7% 12.4%
Brownsburg 82 $211,900 2.0% 8.3%
Marion 83 $69,800 -0.8% 2.9%
Zionsville 84 $406,800 2.1% 5.5%
East Chicago 85 $73,100 -0.6% -1.9%
Hobart 86 $155,900 0.3% 9.3%
Schererville 87 $237,500 -0.1% 6.8%
Crown Point 88 $206,400 1.7% 6.1%
Michigan City 89 $95,100 0.2% 5.8%
Valparaiso 90 $188,400 1.1% 1.4%
Plainfield 91 $185,800 4.1% 9.0%
Goshen 92 $131,400 1.4% 8.5%
Merrillville 93 $140,600 -0.1% 3.3%
Richmond 94 $86,300 -0.2% -2.4%
Portage 95 $156,600 -0.3% 2.7%
New Albany 96 $128,700 0.2% 4.8%
Westfield 97 $281,400 5.2% 10.4%
Jeffersonville 98 $145,500 0.5% 6.3%
Columbus 99 $174,300 1.4% 4.9%
Lawrence 100 $159,500 0.7% 7.3%

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.