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When buying a home it’s important to plan for more than just down payment & closing costs. Fannie Mae offers resources to homebuyers to help estimate potential costs.
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Between $20,680 and $70,486
- The average home buyer in Indiana spends between $20,680 and $70,486 when purchasing a $242,672 home — the state median value.
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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 make buying a home more affordable.
- $101
- $1,276
- $202
- Varies but averages $169 statewide
The average home value in Indiana is $242,672, up 4.0% over the past year. Learn more about the Indiana housing market and real estate trends.
- 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.
Oct 13, 2024 · How much does it cost to buy a house in Indiana? The average home value in Indiana is $245,844. This figure can vary depending on the city or even neighborhood you are considering.
Oct 22, 2024 · The median home sale price in Indiana was $264,300 in September 2024, according to Redfin. That increased 6% from the year before. Verify your home buying eligibility in Indiana. Start here....
18 Nov, 2021. Read article. Housing-Market Mayhem: U.S. Home Sales Likely to Hit Record High of $2.5 Trillion In 2021. 11 May, 2021. Read article. See All Housing Market Prediction News. Wondering how competitive the Indiana housing market is? Find Indiana's median house price, demand, supply and more with Redfin. Learn more!
Mar 7, 2024 · Based on a rate of 7.5% and a 30-year term, a $200,000 mortgage in Indiana will cost you $1,398 a month for principal and interest on your loan.
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yourhome.fanniemae.com has been visited by 10K+ users in the past month
When buying a home it’s important to plan for more than just down payment & closing costs. Fannie Mae offers resources to homebuyers to help estimate potential costs.
Get Free Data-Driven Local Agent Recommendations. No Cost Or Obligation. We’ve Identified & Ranked The Top Agents In Your Area. Make Sure You Work With The Best
