According to the Zillow Home Value Index, Indiana offers some of the most affordable housing markets in the United States. The data analyzed for this report spans 15 years, revealing fascinating patterns in home value appreciation across the state’s smaller communities.
You’ll be surprised to learn that even the least expensive towns have seen remarkable growth, with an average price increase of 137.66% from 2010 to 2025. The tiny town of Ambia showed the most dramatic growth at an astonishing 240.28% over this period, while some traditionally industrial communities like Gary have rebounded impressively from post-recession lows, with home values nearly tripling since 2015.
What’s particularly interesting is the acceleration in appreciation rates – the towns in this list averaged a 61.69% increase just from 2020 to 2025, demonstrating how even smaller markets experienced significant growth during the nationwide housing boom. The only exception was Eckerty, which saw minimal growth of 2.82% over this five-year period.
21. Daleville Home Prices Chart
Here are the historical home prices and percentage change over time:
- 2025 Price: $144,520
- 2020 Price: $86,435
- 2015 Price: $65,490
- 2010 Price: $70,514
- % Change from 2020 to 2025: 67.20%
- % Change from 2015 to 2025: 120.68%
- % Change from 2010 to 2025: 104.95%
About Daleville
Nestled in Delaware County, Daleville offers you a charming small-town lifestyle with surprising affordability. Since 2010, home values have more than doubled, with particularly strong growth in the last five years. This once-overlooked community has transformed into a sought-after location for those seeking value without sacrificing proximity to metropolitan amenities. The recovery from 2010 housing prices has been impressive, making this an excellent investment opportunity if you’re looking for growth potential.
20. Chesterfield Home Prices Chart
Historic home prices and percent change over time:
- 2025 Price: $144,491
- 2020 Price: $76,287
- 2015 Price: $50,558
- 2010 Price: $48,134
- % Change from 2020 to 2025: 89.40%
- % Change from 2015 to 2025: 185.80%
- % Change from 2010 to 2025: 200.18%
About Chesterfield
When you visit Chesterfield, you’ll immediately notice the remarkable transformation that’s taken place in this Madison County gem. Home values have tripled since 2010, representing one of the strongest growth trajectories in our entire list. The nearly 90% surge between 2020 and 2025 speaks volumes about the town’s emerging popularity. This formerly industrial area has reinvented itself, offering genuinely affordable housing while maintaining its close-knit community feel.
19. Kingsford Heights Home Prices Chart
Here are the historical home prices and percentage change over time:
- 2025 Price: $143,759
- 2020 Price: $76,284
- 2015 Price: $47,112
- 2010 Price: $49,580
- % Change from 2020 to 2025: 88.45%
- % Change from 2015 to 2025: 205.14%
- % Change from 2010 to 2025: 189.95%
About Kingsford Heights
Located in LaPorte County, Kingsford Heights presents an intriguing opportunity for your real estate interests. The small town experienced a slight decline between 2010 and 2015 before launching into an impressive recovery phase. Since 2015, property values have tripled, making this one of the most dramatic turnaround stories in Indiana’s housing market. Despite this remarkable growth, the town remains among the most affordable in the state, offering exceptional value.
18. Muncie Home Prices Chart
Historic home prices and percent change over time:
- 2025 Price: $142,829
- 2020 Price: $83,796
- 2015 Price: $65,799
- 2010 Price: $65,904
- % Change from 2020 to 2025: 70.45%
- % Change from 2015 to 2025: 117.07%
- % Change from 2010 to 2025: 116.72%
About Muncie
As the home of Ball State University, Muncie offers you a unique blend of college-town amenities and affordable living. Unlike many smaller communities on our list, Muncie maintained relatively stable housing values through the early 2010s before experiencing significant growth after 2020. The 70% increase in just five years makes this mid-sized city an attractive option for both homebuyers and investors seeking value with the cultural benefits of a university town.
17. Jonesboro Home Prices Chart
Here are the historical home prices and percentage change over time:
- 2025 Price: $142,217
- 2020 Price: $92,622
- 2015 Price: $71,565
- 2010 Price: $71,995
- % Change from 2020 to 2025: 53.55%
- % Change from 2015 to 2025: 98.72%
- % Change from 2010 to 2025: 97.54%
About Jonesboro
Tucked away in Grant County, Jonesboro presents a compelling case for your housing consideration. This community experienced modest but steady growth until 2020, when values began accelerating more rapidly. What’s striking about Jonesboro is its remarkable stability during the post-recession years, maintaining its value when many similar communities struggled. The nearly 100% appreciation since 2010 reflects both resilience and growing desirability.
16. Seelyville Home Prices Chart
Historical home prices and percentage change over time:
- 2025 Price: $142,119
- 2020 Price: $88,666
- 2015 Price: $72,270
- 2010 Price: $76,843
- % Change from 2020 to 2025: 60.29%
- % Change from 2015 to 2025: 96.65%
- % Change from 2010 to 2025: 84.95%
About Seelyville
Your journey through affordable Indiana communities wouldn’t be complete without considering Seelyville. This Vigo County town actually saw home values decline slightly between 2010-2015 before beginning a steady climb. The 60% growth since 2020 has been particularly impressive, making this an increasingly attractive option for those seeking value near Terre Haute. The town’s proximity to Interstate 70 provides convenient access to larger urban centers while maintaining its small-town character.
15. Ambia Home Prices Chart
Here are the historical home prices and percentage change over time:
- 2025 Price: $140,235
- 2020 Price: $82,382
- 2015 Price: $52,055
- 2010 Price: $41,211
- % Change from 2020 to 2025: 70.23%
- % Change from 2015 to 2025: 169.40%
- % Change from 2010 to 2025: 240.28%
About Ambia
If you’re looking for a dramatic growth story, Ambia stands out with the most impressive appreciation on our entire list. This tiny Benton County town has seen property values more than triple since 2010, with an astonishing 240% increase over 15 years. Despite this remarkable growth trajectory, Ambia remains exceptionally affordable. The town’s rural setting offers quiet living with surprising investment potential, as demonstrated by its consistent year-over-year value increases.
14. Peru Home Prices Chart
Historic home prices and percent change over time:
- 2025 Price: $137,396
- 2020 Price: $92,368
- 2015 Price: $63,696
- 2010 Price: $60,430
- % Change from 2020 to 2025: 48.75%
- % Change from 2015 to 2025: 115.71%
- % Change from 2010 to 2025: 127.36%
About Peru
As the Miami County seat, Peru offers you a rich historical backdrop coupled with exceptional housing affordability. The town’s steady growth pattern shows consistency, with values more than doubling since 2010. What makes Peru particularly interesting is its wealth of historic architecture available at price points that would be unimaginable in larger markets. The nearly 50% growth since 2020 indicates strong momentum while still maintaining its position as one of Indiana’s most affordable communities.
13. Elwood Home Prices Chart
Here are the historical home prices and percentage change over time:
- 2025 Price: $135,474
- 2020 Price: $82,826
- 2015 Price: $51,483
- 2010 Price: $42,298
- % Change from 2020 to 2025: 63.57%
- % Change from 2015 to 2025: 163.14%
- % Change from 2010 to 2025: 220.29%
About Elwood
Straddling Madison and Tipton counties, Elwood presents a compelling value proposition for your housing considerations. This community has experienced remarkable growth, with values more than tripling since 2010. The town’s transformation follows a classic pattern of post-industrial recovery, with particularly strong appreciation occurring after 2015. Despite this significant growth trajectory, Elwood remains highly affordable, offering substantial homes with character at price points that would barely buy a small condo in many metropolitan areas.
12. Vernon Home Prices Chart
Historical home prices and percentage change over time:
- 2025 Price: $135,224
- 2020 Price: $88,685
- 2015 Price: $63,207
- 2010 Price: $62,903
- % Change from 2020 to 2025: 52.48%
- % Change from 2015 to 2025: 113.94%
- % Change from 2010 to 2025: 114.97%
About Vernon
Your exploration of affordable Indiana towns should include Vernon, the historic Jennings County seat and one of the state’s smallest county seats. What makes Vernon particularly fascinating is its stable housing market through the early 2010s, followed by accelerated growth after 2015. The town’s historic district, listed on the National Register of Historic Places, offers you the opportunity to own a piece of Indiana heritage at remarkably accessible price points, even after its 115% appreciation since 2010.
11. East Chicago Home Prices Chart
Here are the historical home prices and percentage change over time:
- 2025 Price: $128,790
- 2020 Price: $68,919
- 2015 Price: $42,866
- 2010 Price: $43,290
- % Change from 2020 to 2025: 86.87%
- % Change from 2015 to 2025: 200.45%
- % Change from 2010 to 2025: 197.51%
About East Chicago
Located in the industrial corridor of Lake County, East Chicago represents one of the most dramatic turnaround stories in Indiana real estate. After experiencing post-recession stagnation through 2015, housing values have since tripled. The nearly 87% growth just since 2020 makes this one of the fastest-appreciating markets on our list. Despite this remarkable trajectory, East Chicago remains incredibly affordable, offering you proximity to Chicago’s job market with housing costs at a fraction of the metropolitan average.
10. Montpelier Home Prices Chart
Historic home prices and percent change over time:
- 2025 Price: $128,341
- 2020 Price: $77,026
- 2015 Price: $65,868
- 2010 Price: $58,704
- % Change from 2020 to 2025: 66.62%
- % Change from 2015 to 2025: 94.85%
- % Change from 2010 to 2025: 118.63%
About Montpelier
Situated in the heart of Blackford County, Montpelier offers you small-town charm with increasing investment potential. The community has shown steady appreciation since 2010, with particularly strong growth after 2020. What distinguishes Montpelier is its consistent upward trajectory without the dramatic dips some other communities experienced. The town’s affordability, combined with its 118% value increase over 15 years, makes it an attractive option for first-time homebuyers and investors alike.
9. Hartford City Home Prices Chart
Here are the historical home prices and percentage change over time:
- 2025 Price: $127,414
- 2020 Price: $75,957
- 2015 Price: $58,191
- 2010 Price: $60,333
- % Change from 2020 to 2025: 67.75%
- % Change from 2015 to 2025: 118.96%
- % Change from 2010 to 2025: 111.18%
About Hartford City
As the seat of Blackford County, Hartford City presents you with an intriguing blend of historic architecture and remarkable affordability. The town experienced a slight decline in values between 2010 and 2015 before embarking on a strong recovery. The nearly 68% growth since 2020 demonstrates significant momentum in this market. Hartford City’s tree-lined streets and Victorian-era homes offer exceptional value, with prices that have only recently surpassed their pre-recession levels despite more than doubling since 2015.
8. Anderson Home Prices Chart
Historical home prices and percentage change over time:
- 2025 Price: $127,286
- 2020 Price: $71,297
- 2015 Price: $44,255
- 2010 Price: $43,412
- % Change from 2020 to 2025: 78.53%
- % Change from 2015 to 2025: 187.62%
- % Change from 2010 to 2025: 193.21%
About Anderson
Your search for affordable housing with strong appreciation potential should definitely include Anderson. This Madison County city, once a major automotive manufacturing center, has reinvented itself with home values nearly tripling since 2010. The remarkable 78% increase just since 2020 demonstrates the market’s current momentum. Despite being one of the larger communities in our analysis, Anderson maintains exceptional affordability while offering amenities typically found in much more expensive markets.
7. Cambridge City Home Prices Chart
Here are the historical home prices and percentage change over time:
- 2025 Price: $127,185
- 2020 Price: $83,594
- 2015 Price: $66,290
- 2010 Price: $70,003
- % Change from 2020 to 2025: 52.15%
- % Change from 2015 to 2025: 91.86%
- % Change from 2010 to 2025: 81.69%
About Cambridge City
Finding charm and affordability isn’t always easy, but Cambridge City delivers both in abundance. This Wayne County town actually experienced a decline in home values between 2010 and 2015 before beginning its recovery. Interestingly, Cambridge City shows the lowest 15-year appreciation rate on our list at 81.69%, suggesting there may still be untapped potential in this market compared to other rapidly appreciating communities. The town’s historic district and notable architecture make it an attractive option for those seeking character and value.
6. Marion Home Prices Chart
Historic home prices and percent change over time:
- 2025 Price: $126,645
- 2020 Price: $82,814
- 2015 Price: $66,607
- 2010 Price: $66,622
- % Change from 2020 to 2025: 52.93%
- % Change from 2015 to 2025: 90.14%
- % Change from 2010 to 2025: 90.09%
About Marion
Boasting impressive historic architecture and home to Indiana Wesleyan University, Marion offers you substantial value in the Grant County housing market. What’s striking about Marion’s trajectory is the remarkable stability in values between 2010 and 2015, followed by accelerated growth after 2020. Despite being one of the larger cities on our list, Marion maintains exceptional affordability while providing amenities typically associated with more expensive markets. The 90% appreciation since 2010 represents solid growth without the extreme volatility seen in some other communities.
5. Dunkirk Home Prices Chart
Here are the historical home prices and percentage change over time:
- 2025 Price: $120,162
- 2020 Price: $68,125
- 2015 Price: $49,737
- 2010 Price: $48,420
- % Change from 2020 to 2025: 76.38%
- % Change from 2015 to 2025: 141.60%
- % Change from 2010 to 2025: 148.17%
About Dunkirk
Crossing the border between Jay and Blackford counties, Dunkirk presents an appealing option for your affordable housing search. This small community has seen values nearly 2.5 times their 2010 levels, with particularly strong growth after 2020. The 76% increase in just five years speaks to Dunkirk’s emerging appeal. Despite this substantial appreciation, the town remains one of Indiana’s most affordable markets, offering historic homes and a tight-knit community atmosphere at price points rarely found elsewhere.
4. Campbellsburg Home Prices Chart
Historical home prices and percentage change over time:
- 2025 Price: $117,212
- 2020 Price: $83,604
- 2015 Price: $69,116
- 2010 Price: $58,179
- % Change from 2020 to 2025: 40.20%
- % Change from 2015 to 2025: 69.59%
- % Change from 2010 to 2025: 101.47%
About Campbellsburg
Tucked away in Washington County, Campbellsburg offers you rural charm with increasingly desirable home values. Unlike many towns on our list, Campbellsburg saw relatively modest but consistent growth between 2010 and 2020, followed by a 40% surge in the last five years. The town’s overall doubling in value since 2010 represents sustainable growth without the extreme volatility seen in some markets. If you’re seeking authentic small-town living with reasonable proximity to Louisville, Campbellsburg’s affordable market deserves your attention.
3. Leavenworth Home Prices Chart
Here are the historical home prices and percentage change over time:
- 2025 Price: $111,420
- 2020 Price: $78,294
- 2015 Price: $56,086
- 2010 Price: $56,643
- % Change from 2020 to 2025: 42.31%
- % Change from 2015 to 2025: 98.66%
- % Change from 2010 to 2025: 96.70%
About Leavenworth
Perched along the scenic Ohio River, Leavenworth offers you breathtaking views at remarkably accessible price points. This Crawford County gem maintained stable values through the early 2010s before experiencing accelerated growth after 2015. The nearly 100% appreciation since 2010 represents strong performance while still preserving the town’s status as one of Indiana’s most affordable communities. Leavenworth’s combination of natural beauty, outdoor recreation options, and housing value make it particularly appealing if you’re seeking a peaceful riverside lifestyle.
2. Eckerty Home Prices Chart
Historic home prices and percent change over time:
- 2025 Price: $90,372
- 2020 Price: $87,892
- 2015 Price: $54,334
- 2010 Price: $40,815
- % Change from 2020 to 2025: 2.82%
- % Change from 2015 to 2025: 66.33%
- % Change from 2010 to 2025: 121.42%
About Eckerty
If you’re seeking exceptional affordability in a rural setting, Eckerty stands out as the second least expensive community on our list. This tiny Crawford County locale presents a fascinating market anomaly – after substantial growth between 2010 and 2020, home values have stabilized with minimal appreciation over the past five years. This pattern suggests you could find extraordinary value here relative to surrounding areas. Eckerty’s rural character and proximity to Hoosier National Forest make it particularly appealing if you prioritize natural surroundings over urban conveniences.
1. Gary Home Prices Chart
Here are the historical home prices and percentage change over time:
- 2025 Price: $84,623
- 2020 Price: $51,398
- 2015 Price: $29,104
- 2010 Price: $36,238
- % Change from 2020 to 2025: 64.64%
- % Change from 2015 to 2025: 190.76%
- % Change from 2010 to 2025: 133.52%
About Gary
As the most affordable city on our list, Gary offers you unprecedented value in Indiana’s housing market. This Lake County industrial center has experienced a remarkable revival, with home values nearly tripling since hitting bottom in 2015. What makes Gary’s story particularly compelling is how it rebounded from post-recession lows that were actually below 2010 values. Despite the impressive 133% growth over 15 years, Gary remains Indiana’s most accessible market for homebuyers, with proximity to Chicago adding to its appeal for those willing to consider a community in transition.
