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  1. listwithclever.com › cost-to-buy-house-indianaHow Much Does It Cost to Buy a House in Indiana?

    May 17, 2024 · By Jon Stubbs Updated May 17, 2024. The average home buyer in Indiana spends between $20,680 and $70,486 when purchasing a $242,672 home — the state median value. Keep in mind, this is just the cost of buying a home. After you close, you'll still need to budget for all the ongoing costs of homeownership. Luckily, Clever Real Estate can help ...

    • $101
    • $1,276
    • $202
    • Varies but averages $169 statewide

  2. listwithclever.com › real-estate-blog › 8-steps-to8 Steps to Buying a House in Indiana (2024 Update)

    • Save for a down payment. 🔑 Key takeaway: Your down payment can be less than 20% of the purchase price — $45,710 for the typical home in Indiana — but you'll have to purchase mortgage insurance and pay more interest over the life of your loan.
    • Find a great real estate agent in Indiana. 🔑 Key takeaway: Interview multiple agents to find one who knows your target neighborhoods, has experience in your price range, and communicates well.
    • Get preapproved for a mortgage. 🔑 Key takeaway: Once you're preapproved for a mortgage, it's imperative that your financial situation doesn't change.
    • Choose the right location. 🔑 Key takeaway: Search for neighborhoods where: Home prices are within your price range. Home values are on the rise. The local amenities support your lifestyle.

  3. themortgagereports.com › 87792Indiana First-Time Home Buyer: 2024 Programs and Grants

    Oct 22, 2024 · The median list price of homes in Indianapolis was $264,900 in September 2024, according to Realtor.com. That rose 1.9% year-over-year. If you want to purchase a home at this median price, your ...

  4. www.moneygeek.com › how-to-buy-a-house-in-indianaHow to Buy a House in Indiana: 6 Steps - MoneyGeek

    Oct 13, 2024 · Step 2: Save for a Down Payment in Indiana. A down payment is an upfront payment you make when purchasing a house. Typically, lenders expect a 20% down payment, which can be a significant hurdle for many homebuyers. In Indiana, the average home value is $245,844, requiring a 20% down payment of $49,169. For homes above the average value, such ...

  5. listwithclever.com › indianaThe Indiana Real Estate Market: 2024 Trends

    Indiana has an affordability score of 4.7, meaning it takes 4.7 years of the median household income ($58,235) to afford Indiana's median home sale price ($271,600). Because of this, we rank Indiana as the 7th most affordable state for buyers based strictly on prices compared to income. Data Point.

  6. www.zillow.com › home-values › 22Indiana Housing Market: 2024 Home Prices & Trends | Zillow

    Indiana Housing Market Overview. -- 1-year Market Forecast. 20,974 For sale inventory (September 30, 2024) 7,932 New listings (September 30, 2024) 0.999 Median sale to list ratio (August 31, 2024) $248,332 Median sale price (August 31, 2024) $271,567 Median list price (September 30, 2024) 28.9% Percent of sales over list price (August 31, 2024)

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  8. www.consumeraffairs.com › finance › indiana-closingIndiana closing costs - ConsumerAffairs

    Jul 5, 2024 · The average price of a home in Indiana is $233,584. Homebuyers, on average, are looking at closing costs of approximately $2,200, or 0.94% of the home’s price. If you are considering buying a ...