According to the Zillow Home Value Index, Indiana offers some of the most affordable housing options in the country. You’ll find that home values in these communities have shown interesting patterns over the past 15 years, with many towns maintaining their status as budget-friendly options despite nationwide housing market volatility.
You might be surprised to learn that these 25 least expensive towns are scattered throughout the state, with concentrations in former industrial areas and rural communities. The average home value among these affordable towns has increased significantly since 2011, though several towns on this list lack complete historical data, suggesting they may be emerging markets that have only recently been tracked by Zillow.
When you compare the growth rates, you’ll notice striking differences between communities. While some towns have seen values more than double over the measured period, others have emerged more recently in the data. This disparity highlights how local economic factors can dramatically influence housing markets even within the same state.
1. Cambridge City
- 2025 Home Value: $122,816
- 2020 Home Value: $78,265
- 2015 Home Value: $67,451
- 2010 Home Value: $72,187
- Change 2010-2025: 70.14%
- Change 2015-2025: 82.08%
- Change 2020-2025: 56.92%
Situated in Wayne County in east-central Indiana, Cambridge City tops our list with its combination of historical charm and steady appreciation. Your investment would have experienced a dip between 2010-2015 before entering a strong growth phase, resulting in a solid 70% increase over the full period. Cambridge City’s antique shops and historic architecture attract visitors, while its affordable housing market, which has shown 57% growth just since 2020, continues to offer exceptional value for permanent residents.
2. Dana
- 2025 Home Value: $122,355
- 2020 Home Value: $77,982
- 2015 Home Value: $67,854
- 2010 Home Value: Data not available
- Change 2015-2025: 80.32%
- Change 2020-2025: 56.90%
Located in Vermillion County in western Indiana near the Illinois border, Dana delivers outstanding value in a community known as the birthplace of famed war correspondent Ernie Pyle. Your home would have appreciated by more than 80% since 2015, with continued strong momentum shown by 57% growth since 2020.
3. Clinton
- 2025 Home Value: $119,275
- 2020 Home Value: $68,727
- 2015 Home Value: $59,548
- 2010 Home Value: $61,516
- Change 2010-2025: 93.89%
- Change 2015-2025: 100.30%
- Change 2020-2025: 73.55%
Nestled along the Wabash River in Vermillion County in western Indiana, Clinton combines industrial heritage with remarkable housing value growth. Your property would have decreased slightly between 2010-2015 before entering a period of explosive growth, including values doubling since 2015 and an extraordinary 74% increase just since 2020.
4. Montezuma
- 2025 Home Value: $118,957
- 2020 Home Value: $70,747
- 2015 Home Value: $60,452
- 2010 Home Value: Data not available
- Change 2015-2025: 96.78%
- Change 2020-2025: 68.14%
Perched along the Wabash River in Parke County in western Indiana, Montezuma offers you scenic river views at budget-friendly prices. Your investment would have nearly doubled since 2015, with an impressive 97% growth that includes dramatic recent momentum of 68% just since 2020.
5. Union City
- 2025 Home Value: $118,581
- 2020 Home Value: $70,697
- 2015 Home Value: $55,121
- 2010 Home Value: $61,112
- Change 2010-2025: 94.04%
- Change 2015-2025: 115.13%
- Change 2020-2025: 67.73%
Straddling the Indiana-Ohio border in Randolph County, Union City provides you with unique bi-state living opportunities at remarkably affordable prices. Your home value would have dipped between 2010-2015 before experiencing dramatic growth, nearly doubling with a 94% increase over the full period. Even more impressive is the 115% growth since 2015 and the strong 68% increase just since 2020.
6. Decker
- 2025 Home Value: $117,214
- 2020 Home Value: $72,952
- 2015 Home Value: $60,754
- 2010 Home Value: Data not available
- Change 2015-2025: 92.93%
- Change 2020-2025: 60.67%
Located in Knox County in southwestern Indiana, Decker combines agricultural heritage with remarkable value growth. Your investment would have nearly doubled since 2015, showing an impressive 93% increase including strong recent momentum with 61% growth since 2020.
7. Elnora
- 2025 Home Value: $115,806
- 2020 Home Value: $73,787
- 2015 Home Value: $62,481
- 2010 Home Value: Data not available
- Change 2015-2025: 85.34%
- Change 2020-2025: 56.94%
Situated in Daviess County in southwestern Indiana, Elnora gives you affordability with impressive growth prospects. Your home value would have increased by more than 85% since 2015, with particularly strong momentum shown by nearly 57% growth just since 2020. This small agricultural community positions you between the larger towns of Washington and Bloomington, providing rural tranquility with reasonable access to more urban amenities. Elnora’s location near the White River and its strong community identity have contributed to housing demand while maintaining prices well below Indiana’s average.
8. Somerville
- 2025 Home Value: $114,940
- 2020 Home Value: $79,232
- 2015 Home Value: $66,282
- 2010 Home Value: Data not available
- Change 2015-2025: 73.41%
- Change 2020-2025: 45.07%
Tucked away in Gibson County in southwestern Indiana, Somerville offers you rural tranquility with surprising value appreciation. Your investment would have grown by more than 73% since 2015, with solid momentum continuing with 45% growth since 2020.
9. Dunkirk
- 2025 Home Value: $113,794
- 2020 Home Value: $67,939
- 2015 Home Value: $51,993
- 2010 Home Value: $57,355
- Change 2010-2025: 98.40%
- Change 2015-2025: 118.86%
- Change 2020-2025: 67.49%
Straddling Jay and Blackford counties in eastern Indiana, Dunkirk provides you with small-town affordability and surprising growth potential. Your property would have seen a modest decline between 2010-2015 before entering a period of dramatic appreciation, nearly doubling in value with a 98% increase over the full period. The acceleration has been particularly notable since 2015, with values more than doubling at 119% growth.
10. Edwardsport
- 2025 Home Value: $112,528
- 2020 Home Value: $68,018
- 2015 Home Value: $55,323
- 2010 Home Value: Data not available
- Change 2015-2025: 103.40%
- Change 2020-2025: 65.44%
Established along the White River in Knox County in southwestern Indiana, Edwardsport delivers exceptional value with impressive growth potential. Your investment would have more than doubled since 2015, with a remarkable 103% increase that includes 65% growth just since 2020.
11. Leavenworth
- 2025 Home Value: $112,465
- 2020 Home Value: $71,626
- 2015 Home Value: $62,481
- 2010 Home Value: Data not available
- Change 2015-2025: 80.00%
- Change 2020-2025: 56.88%
Perched dramatically above the Ohio River in Crawford County, Leavenworth offers you breathtaking river views at surprisingly affordable prices. Your home value would have increased by 80% since 2015, with an impressive acceleration to nearly 57% growth just since 2020.
12. Bloomingdale
- 2025 Home Value: $111,778
- 2020 Home Value: $71,081
- 2015 Home Value: $58,938
- 2010 Home Value: Data not available
- Change 2015-2025: 89.65%
- Change 2020-2025: 57.25%
Located in Parke County in west-central Indiana, Bloomingdale gives you affordable housing in the covered bridge capital of the world. Your investment would have grown by nearly 90% since 2015, including an impressive 57% increase just since 2020.
13. Laketon
- 2025 Home Value: $111,736
- 2020 Home Value: $82,046
- 2015 Home Value: $71,423
- 2010 Home Value: Data not available
- Change 2015-2025: 56.44%
- Change 2020-2025: 36.19%
Nestled in Wabash County in north-central Indiana, Laketon offers you affordable living near several lakes and waterways. Your property would have appreciated by more than 56% since 2015, with continued momentum showing a 36% increase since 2020.
14. Orestes
- 2025 Home Value: $111,637
- 2020 Home Value: $65,641
- 2015 Home Value: $50,580
- 2010 Home Value: $53,935
- Change 2010-2025: 107.00%
- Change 2015-2025: 120.71%
- Change 2020-2025: 70.07%
Positioned in Madison County in central Indiana, Orestes provides you with one of the strongest growth stories on this list. Your home value would have dipped slightly between 2010-2015 before experiencing explosive growth, more than doubling with a 107% increase over the full period. Even more impressive is the 121% growth since 2015 and the remarkable 70% jump just since 2020.
15. Plainville
- 2025 Home Value: $111,361
- 2020 Home Value: $71,006
- 2015 Home Value: $56,649
- 2010 Home Value: Data not available
- Change 2015-2025: 96.58%
- Change 2020-2025: 56.83%
Established in Daviess County in southwestern Indiana, Plainville delivers plainly good value for your housing dollar. You would have seen your home nearly double in value since 2015, with an impressive 97% increase that accelerated to almost 57% growth just since 2020.
16. Campbellsburg
- 2025 Home Value: $111,346
- 2020 Home Value: $70,880
- 2015 Home Value: $58,896
- 2010 Home Value: $67,090
- Change 2010-2025: 65.97%
- Change 2015-2025: 89.06%
- Change 2020-2025: 57.09%
Located in Washington County in southern Indiana, Campbellsburg offers you small-town affordability with surprising appreciation potential. You would have seen your home value dip between 2010-2015 before beginning a strong recovery, culminating in a 66% increase over the full period. The acceleration has been particularly notable since 2015, with an 89% increase over the past decade.
17. East Germantown
- 2025 Home Value: $108,498
- 2020 Home Value: $72,097
- 2015 Home Value: $58,387
- 2010 Home Value: Data not available
- Change 2015-2025: 85.83%
- Change 2020-2025: 50.49%
Nestled in Wayne County in east-central Indiana, East Germantown (also known as Pershing) provides you with historic small-town living at prices well below national averages. Your property would have appreciated by nearly 86% since 2015, including an impressive 50% jump just since 2020.
18. Redkey
- 2025 Home Value: $106,561
- 2020 Home Value: $67,267
- 2015 Home Value: $51,772
- 2010 Home Value: $57,187
- Change 2010-2025: 86.34%
- Change 2015-2025: 105.83%
- Change 2020-2025: 58.42%
Situated in Jay County in eastern Indiana near the Ohio border, Redkey combines historical charm with remarkable affordability. You can track how the town hit a low point in 2015 before experiencing dramatic recovery, with values more than doubling in the past decade. Your investment would have grown by 86% since 2010, with particularly strong momentum recently shown by a 58% increase just since 2020.
19. Eckerty
- 2025 Home Value: $104,239
- 2020 Home Value: $76,188
- 2015 Home Value: $67,855
- 2010 Home Value: Data not available
- Change 2015-2025: 53.62%
- Change 2020-2025: 36.82%
Tucked away in Crawford County in southern Indiana, Eckerty offers you affordability amid the scenic hills and forests of the state’s most rugged region. Your home value would have increased by nearly 54% since 2015, with consistent growth of nearly 37% just since 2020.
20. Fulton
- 2025 Home Value: $99,562
- 2020 Home Value: $71,950
- 2015 Home Value: $61,878
- 2010 Home Value: Data not available
- Change 2015-2025: 60.90%
- Change 2020-2025: 38.38%
Located in Fulton County in northern Indiana, this small town shares its name with the county it calls home. You would have seen your property value increase by nearly 61% since 2015, with solid growth continuing in recent years at over 38% since 2020. Your investment here would benefit from the town’s agricultural surroundings and tight-knit community atmosphere while staying below the $100,000 threshold—a rarity even in Indiana’s affordable market.
21. Griffin
- 2025 Home Value: $96,427
- 2020 Home Value: $62,700
- 2015 Home Value: $56,336
- 2010 Home Value: Data not available
- Change 2015-2025: 71.16%
- Change 2020-2025: 53.79%
Nestled along the Wabash River in Posey County at Indiana’s southwestern tip, Griffin offers you remarkable affordability in a historic river setting. You would have seen your home value increase by more than 71% since 2015, with particularly strong momentum in the past five years showing nearly 54% growth.
22. Bicknell
- 2025 Home Value: $90,715
- 2020 Home Value: $53,646
- 2015 Home Value: $39,776
- 2010 Home Value: Data not available
- Change 2015-2025: 127.81%
- Change 2020-2025: 69.10%
Situated in Knox County in southwestern Indiana, Bicknell gives you access to some of the state’s most affordable housing with impressive growth potential. Your investment would have more than doubled since 2015, showing a dramatic 128% increase in value. The acceleration has been particularly notable since 2020, with a 69% jump in just five years.
23. Losantville
- 2025 Home Value: $89,394
- 2020 Home Value: $65,421
- 2015 Home Value: Data not available
- 2010 Home Value: Data not available
- Change 2020-2025: 36.64%
Tucked away in Randolph County in east-central Indiana, Losantville offers you small-town living at remarkably affordable prices. You’ll notice that historical data before 2020 isn’t available, suggesting this tiny community of fewer than 300 residents has only recently been tracked in Zillow’s database. Since measurement began, the growth has been impressive at nearly 37% in just five years. Losantville’s location about 20 miles from Muncie and 75 miles east of Indianapolis provides you with rural tranquility while still being within reach of larger communities.
24. Gary
- 2025 Home Value: $79,842
- 2020 Home Value: $47,975
- 2015 Home Value: $26,203
- 2010 Home Value: $33,701
- Change 2010-2025: 136.91%
- Change 2015-2025: 204.71%
- Change 2020-2025: 66.42%
Located in Lake County near the southern shore of Lake Michigan, Gary was once a thriving steel industry hub. You can see that home values hit their lowest point around 2015 at $26,203 before beginning a dramatic recovery. Between 2010 and 2025, your investment would have grown by an astonishing 137%, with the most rapid growth occurring between 2015-2025 when values more than tripled.
25. Hymera
- 2025 Home Value: $79,558
- 2020 Home Value: $58,405
- 2015 Home Value: $52,129
- 2010 Home Value: Data not available
- Change 2015-2025: 52.62%
- Change 2020-2025: 36.22%
Located in Sullivan County in southwestern Indiana, Hymera offers you the most affordable housing in the state. You can see that home values have steadily increased since 2015, with particularly strong growth of over 36% just since 2020. The small coal mining town gives you authentic rural Indiana living at a fraction of what you’d pay elsewhere. Despite being the least expensive market in the state, Hymera has shown impressive appreciation, suggesting growing interest in this hidden gem.
