Estimate your monthly payment in Indiana. Uses 2026 average home prices ($235,000), 0.85% property tax, and programs for Indianapolis, Fort Wayne, and Evansville.
The average home price in Indiana is approximately $235,000 in 2026. With a standard 20% down payment of $47,000, your estimated monthly principal and interest on a 30-year loan at 6.8% would be around $1,226. Adding Indiana's 0.85% property tax and homeowner's insurance brings your total estimated monthly PITI to roughly $1,490.
Key markets include Indianapolis, Fort Wayne, and Evansville, each with varying price points. A 15-year loan at 6.3% would run approximately $1,617/month in P&I — higher payments but roughly half the lifetime interest cost. Adjust the sliders above to see how rate and term changes affect your payment instantly.
Indiana offers the IHCDA Next Home for qualifying buyers. These programs typically provide down payment assistance, below-market interest rates, or both. Contact your state housing finance agency to check current income and purchase-price limits.
2026 Rate Tip: 30-year fixed rates average 6.5–7.5% in 2026. Even 0.25% lower saves roughly $14,100 over the loan's life. Get quotes from at least 3–5 lenders.
The average home price in Indiana is approximately $235,000 in 2026. Indianapolis and Fort Wayne tend to have higher prices than rural areas of the state.
Indiana's effective property tax rate is approximately 0.85%, which equals about $1,998/year or $166/month on a $235,000 home.
IHCDA Next Home is available to qualifying buyers in Indiana and offers down payment assistance and/or below-market rates. Contact your state housing finance agency for details.