I’ve been analyzing the Zillow Home Value Index data for Indiana, and I’ve discovered some fascinating patterns in how property values have evolved over the past 15 years. The Indianapolis metropolitan area dominates the luxury housing market in Indiana, with 11 of the top 25 most expensive towns being located within this region. What’s particularly striking is that Needham in Johnson County has experienced the most dramatic growth with a staggering 153.6% increase since 2010, making it the epitome of Indiana’s booming real estate markets.
Looking at geographic trends, Hamilton County emerges as the epicenter of high-value real estate in Indiana, hosting 5 of the 25 most expensive towns in the state. Many of these communities are lakeside or near-water locations, highlighting the premium Hoosiers place on waterfront properties. The average home value across these top 25 communities stands at approximately $453,443 in January 2025, with growth rates that far outpace inflation during this period.
I’ve noticed that the towns showing the most dramatic growth tend to be smaller communities on the outskirts of major metropolitan areas, offering the perfect blend of rural charm with urban accessibility. Communities like Whitestown, McCordsville, and Bargersville have transformed from relatively affordable areas to premium real estate markets as Indianapolis residents seek more space and newer construction. The COVID-19 pandemic appears to have accelerated this trend, with the 2020-2025 period showing particularly strong growth as remote work opportunities expanded.
25. Whitestown
- 2025 value: $352,589
- 2020 value: $253,670
- 2015 value: $192,561
- 2010 value: $174,196
- % Change 2010-2025: 102.4%
- % Change 2015-2025: 83.1%
- % Change 2020-2025: 39.0%
When I look at Whitestown’s remarkable journey from a modest $174,196 in 2010 to a substantial $352,589 in 2025, I’m witnessing one of Indiana’s greatest real estate success stories. This Boone County gem has more than doubled its home values over fifteen years, with particularly strong momentum of 39% growth just since 2020. Whitestown sits strategically on the northwestern edge of the Indianapolis metropolitan area, allowing residents to enjoy small-town atmosphere while maintaining easy access to big-city amenities and employment opportunities.
24. Needham
- 2025 value: $352,893
- 2020 value: $215,098
- 2015 value: $159,062
- 2010 value: $139,172
- % Change 2010-2025: 153.6%
- % Change 2015-2025: 121.9%
- % Change 2020-2025: 64.1%
Leading the pack in percentage growth, I’ve discovered that Needham has experienced an extraordinary 153.6% increase in home values since 2010, transforming from an affordable $139,172 to a much more substantial $352,893 in 2025. The acceleration is particularly noteworthy with a 64.1% jump in just the last five years, suggesting this Johnson County community has become increasingly desirable. Nestled just south of Indianapolis in the rapidly developing Johnson County corridor, Needham offers residents the perfect balance of rural tranquility with convenient access to the capital city’s professional opportunities.
23. McCordsville
- 2025 value: $360,391
- 2020 value: $242,617
- 2015 value: $188,620
- 2010 value: $172,909
- % Change 2010-2025: 108.4%
- % Change 2015-2025: 91.1%
- % Change 2020-2025: 48.5%
Exploring McCordsville’s growth trajectory reveals a compelling investment story with home values climbing from $172,909 in 2010 to $360,391 in 2025, representing a robust 108.4% appreciation. The past five years have been particularly dynamic with a 48.5% surge that speaks to the town’s increasing popularity. Located in Hancock County along the northeastern corridor of the Indianapolis metropolitan area, McCordsville has transformed from a quiet rural community to a thriving suburban destination offering newer developments with family-friendly amenities.
22. New Palestine
- 2025 value: $360,752
- 2020 value: $249,029
- 2015 value: $191,344
- 2010 value: $169,221
- % Change 2010-2025: 113.2%
- % Change 2015-2025: 88.5%
- % Change 2020-2025: 44.9%
New Palestine’s impressive growth has caught my attention with properties more than doubling in value from $169,221 in 2010 to $360,752 by 2025, representing a substantial 113.2% appreciation over fifteen years. The steady climb has maintained strong momentum with a 44.9% increase just since 2020, highlighting the consistent demand for homes in this area. Situated in Hancock County on the southeastern outskirts of Indianapolis, New Palestine offers residents the charm of a small town with excellent schools while still providing convenient access to the metropolitan amenities of the capital city.
21. Unionville
- 2025 value: $361,544
- 2020 value: $234,030
- 2015 value: $185,694
- 2010 value: $172,012
- % Change 2010-2025: 110.2%
- % Change 2015-2025: 94.7%
- % Change 2020-2025: 54.5%
Analyzing Unionville’s property market reveals a dramatic transformation with home values rising from $172,012 in 2010 to $361,544 in 2025, marking a significant 110.2% appreciation over the fifteen-year period. The acceleration in the market is particularly evident in the impressive 54.5% growth since 2020, suggesting an increasing premium on properties in this community. Located in the scenic hills of Monroe County just outside of Bloomington, Unionville offers residents a peaceful rural lifestyle with proximity to Indiana University and the cultural attractions of Bloomington.
20. Noblesville
- 2025 value: $364,809
- 2020 value: $241,411
- 2015 value: $186,074
- 2010 value: $167,839
- % Change 2010-2025: 117.4%
- % Change 2015-2025: 96.1%
- % Change 2020-2025: 51.1%
Noblesville’s real estate journey has been nothing short of remarkable with home values soaring from $167,839 in 2010 to $364,809 in 2025, representing an impressive 117.4% growth over fifteen years. The last five years have seen particularly strong momentum with a 51.1% increase, indicating the growing desirability of this Hamilton County community. Situated northeast of Indianapolis as the county seat of affluent Hamilton County, Noblesville combines historic charm around its picturesque courthouse square with upscale newer developments along the White River corridor.
19. Cicero
- 2025 value: $365,403
- 2020 value: $243,339
- 2015 value: $179,244
- 2010 value: $162,365
- % Change 2010-2025: 125.0%
- % Change 2015-2025: 103.9%
- % Change 2020-2025: 50.2%
Cicero’s property values tell a story of tremendous growth, climbing from $162,365 in 2010 to $365,403 in 2025 – a substantial 125% increase that outpaces many neighboring communities. With values more than doubling over fifteen years and showing a robust 50.2% surge since 2020, this market continues to demonstrate strong appeal to homebuyers. Nestled on the shores of Morse Reservoir in Hamilton County, Cicero offers a unique lakeside lifestyle with water recreation opportunities while still providing reasonable commuting distance to Indianapolis’ northern business corridors.
18. Shipshewana
- 2025 value: $372,842
- 2020 value: $252,397
- 2015 value: $186,256
- 2010 value: $168,214
- % Change 2010-2025: 121.6%
- % Change 2015-2025: 100.2%
- % Change 2020-2025: 47.7%
Shipshewana’s housing market has undergone a remarkable transformation with property values rising from $168,214 in 2010 to $372,842 in 2025, representing an impressive 121.6% appreciation over fifteen years. The growth has been particularly substantial since 2015, with values precisely doubling (100.2%) in that ten-year timeframe. Famous for its Amish community and located in LaGrange County in northeast Indiana, Shipshewana offers residents a unique cultural experience with its renowned flea markets, auctions, and authentic Amish experiences that have increasingly attracted both tourists and permanent residents seeking a slower pace of life.
17. Floyds Knobs
- 2025 value: $377,310
- 2020 value: $276,822
- 2015 value: $216,873
- 2010 value: $192,219
- % Change 2010-2025: 96.3%
- % Change 2015-2025: 74.0%
- % Change 2020-2025: 36.3%
Floyds Knobs has seen its home values nearly double from $192,219 in 2010 to $377,310 in 2025, achieving a solid 96.3% growth over the fifteen-year span. Though the 36.3% increase since 2020 is more moderate than some other communities on this list, it still represents significant appreciation in a relatively short timeframe. Perched on the scenic knobs overlooking the Ohio River in Floyd County, this community offers breathtaking views of the Louisville skyline across the river while providing residents with upscale homes on spacious lots in a hilly, wooded setting.
16. Millersburg
- 2025 value: $377,904
- 2020 value: $262,430
- 2015 value: $190,001
- 2010 value: $159,424
- % Change 2010-2025: 137.0%
- % Change 2015-2025: 98.9%
- % Change 2020-2025: 44.0%
Millersburg boasts one of the most impressive growth stories in Indiana with home values rocketing from $159,424 in 2010 to $377,904 in 2025, representing an extraordinary 137% appreciation that places it among the fastest-growing markets in the state. Just since 2015, property values have nearly doubled with a 98.9% increase, demonstrating the accelerating desirability of this community. Located in Elkhart County in the heart of northern Indiana’s Amish country, Millersburg offers residents a blend of traditional values with modern amenities, attracting those seeking quality craftsmanship in homes and a tight-knit community atmosphere.
15. Granger
- 2025 value: $380,247
- 2020 value: $264,603
- 2015 value: $205,621
- 2010 value: $194,167
- % Change 2010-2025: 95.8%
- % Change 2015-2025: 84.9%
- % Change 2020-2025: 43.7%
Granger’s housing market has demonstrated robust performance with values climbing from $194,167 in 2010 to $380,247 in 2025, representing a strong 95.8% growth over fifteen years. The market has shown consistent appreciation with an 84.9% increase since 2015 and a substantial 43.7% jump just since 2020. Situated in St. Joseph County adjacent to the University of Notre Dame, Granger has established itself as one of northern Indiana’s premier upscale communities, offering residents excellent schools, upscale shopping, and convenient access to South Bend’s cultural and employment opportunities.
14. Topeka
- 2025 value: $381,256
- 2020 value: $281,528
- 2015 value: $203,573
- 2010 value: $182,175
- % Change 2010-2025: 109.3%
- % Change 2015-2025: 87.3%
- % Change 2020-2025: 35.4%
Topeka has witnessed remarkable growth in its property values, rising from $182,175 in 2010 to $381,256 in 2025, representing a substantial 109.3% increase over the fifteen-year period. While the 35.4% growth since 2020 is somewhat more moderate than other communities on this list, the overall trajectory remains strongly positive. Located in LaGrange County in the heart of Indiana’s Amish country, Topeka offers residents a unique lifestyle that blends traditional values with modern amenities, attracting those seeking a simpler life without sacrificing quality housing and community connection.
13. Shadeland
- 2025 value: $384,949
- 2020 value: $253,548
- 2015 value: $197,145
- 2010 value: $178,555
- % Change 2010-2025: 115.6%
- % Change 2015-2025: 95.3%
- % Change 2020-2025: 51.8%
Shadeland presents a compelling growth story with home values climbing from $178,555 in 2010 to $384,949 in 2025, representing a robust 115.6% appreciation over fifteen years. The market has shown particularly strong momentum recently with a 51.8% surge just since 2020, highlighting increasing demand for properties in this area. Located in Tippecanoe County near Lafayette and West Lafayette, Shadeland offers residents spacious properties with rural charm while providing convenient access to Purdue University and the economic opportunities of the Greater Lafayette area.
12. Guilford
- 2025 value: $391,757
- 2020 value: $253,770
- 2015 value: $189,406
- 2010 value: $178,863
- % Change 2010-2025: 119.0%
- % Change 2015-2025: 106.8%
- % Change 2020-2025: 54.4%
Guilford has experienced extraordinary growth with property values more than doubling from $178,863 in 2010 to $391,757 in 2025, marking an impressive 119% increase over fifteen years. The acceleration is particularly notable with a 106.8% surge since 2015 and a remarkable 54.4% jump just in the last five years. Situated in Dearborn County in southeastern Indiana, Guilford offers residents a tranquil setting with rolling hills and scenic views while providing a reasonable commute to Cincinnati just across the state line in Ohio.
11. Bargersville
- 2025 value: $417,591
- 2020 value: $280,761
- 2015 value: $210,653
- 2010 value: $182,524
- % Change 2010-2025: 128.8%
- % Change 2015-2025: 98.2%
- % Change 2020-2025: 48.7%
The housing market in Bargersville tells a story of remarkable transformation, with values skyrocketing from $182,524 in 2010 to $417,591 in 2025, representing a dramatic 128.8% appreciation that places it among Indiana’s fastest-growing communities. Properties have nearly doubled in value just since 2015 with a 98.2% increase, reflecting the area’s surging popularity. Located in Johnson County along the State Road 37/I-69 corridor south of Indianapolis, Bargersville has evolved from a small agricultural community to a booming suburb featuring new upscale developments that attract professionals seeking larger lots and newer homes within commuting distance of the capital city.
10. Fishers
- 2025 value: $420,297
- 2020 value: $283,128
- 2015 value: $230,985
- 2010 value: $204,227
- % Change 2010-2025: 105.8%
- % Change 2015-2025: 82.0%
- % Change 2020-2025: 48.4%
Fishers has established itself as a premier real estate market with home values more than doubling from $204,227 in 2010 to $420,297 in 2025, representing a strong 105.8% growth over fifteen years. Recent years have shown particularly robust appreciation with a 48.4% increase just since 2020, highlighting the community’s continued appeal to homebuyers. Located in Hamilton County northeast of Indianapolis, Fishers has transformed from a small town to a thriving city with a vibrant downtown district, excellent schools, and numerous corporate headquarters that provide residents with upscale suburban living combined with plentiful local employment opportunities.
9. Saint John
- 2025 value: $429,388
- 2020 value: $327,610
- 2015 value: $270,673
- 2010 value: $243,083
- % Change 2010-2025: 76.6%
- % Change 2015-2025: 58.6%
- % Change 2020-2025: 31.1%
Saint John showcases steady growth with home values rising from $243,083 in 2010 to $429,388 in 2025, representing a solid 76.6% appreciation over fifteen years. While this growth rate is more moderate than some other communities on this list, the higher starting point reflects Saint John’s long-established reputation as a desirable community. Located in Lake County in northwest Indiana, Saint John offers residents upscale suburban living with excellent schools and amenities while providing convenient access to Chicago’s employment opportunities via a reasonable commute along the I-65 corridor.
8. Westfield
- 2025 value: $446,592
- 2020 value: $303,828
- 2015 value: $244,005
- 2010 value: $214,410
- % Change 2010-2025: 108.3%
- % Change 2015-2025: 83.0%
- % Change 2020-2025: 47.0%
Westfield has cemented its status as one of Indiana’s premium markets with property values more than doubling from $214,410 in 2010 to $446,592 in 2025, achieving an impressive 108.3% growth over fifteen years. The strong 47% surge just since 2020 indicates that buyer demand remains robust in this highly sought-after community. Located in Hamilton County just north of Carmel, Westfield has transformed itself through strategic development including the Grand Park Sports Campus, which has attracted not only sports tourism but also significant residential and commercial growth, creating a dynamic community with excellent amenities and a strong sense of place.
7. Ogden Dunes
- 2025 value: $464,652
- 2020 value: $331,709
- 2015 value: $263,283
- 2010 value: $276,864
- % Change 2010-2025: 67.8%
- % Change 2015-2025: 76.5%
- % Change 2020-2025: 40.1%
Ogden Dunes presents an interesting market pattern with home values growing from $276,864 in 2010 to $464,652 in 2025, representing a 67.8% appreciation over fifteen years. Notably, values actually dipped between 2010 and 2015 before rebounding strongly with a 76.5% surge since 2015. Located in Porter County along Lake Michigan’s shoreline, Ogden Dunes offers residents a unique combination of lakefront living with direct beach access to the Indiana Dunes National Park while still providing reasonable commuting options to Chicago via the South Shore Line train service.
6. Carmel
- 2025 value: $524,145
- 2020 value: $348,635
- 2015 value: $294,748
- 2010 value: $260,592
- % Change 2010-2025: 101.1%
- % Change 2015-2025: 77.8%
- % Change 2020-2025: 50.3%
Carmel’s prestigious real estate market has doubled in value from $260,592 in 2010 to $524,145 in 2025, representing a substantial 101.1% appreciation that places it firmly among Indiana’s elite communities. The robust 50.3% growth just since 2020 demonstrates that this market continues to attract premium buyers. Located in Hamilton County immediately north of Indianapolis, Carmel has garnered national recognition for its exceptional quality of life with a thriving Arts & Design District, the Center for the Performing Arts, excellent schools, extensive trail system, and numerous corporate headquarters that provide residents with upscale amenities and abundant employment opportunities.
5. Michiana Shores
- 2025 value: $570,314
- 2020 value: $363,617
- 2015 value: $311,449
- 2010 value: $282,690
- % Change 2010-2025: 101.7%
- % Change 2015-2025: 83.1%
- % Change 2020-2025: 56.8%
Michiana Shores has established itself in the luxury market with home values doubling from $282,690 in 2010 to $570,314 in 2025, representing a robust 101.7% growth over fifteen years. The impressive 56.8% surge just since 2020 indicates accelerating demand for properties in this distinctive community. Situated in La Porte County along Lake Michigan’s shoreline at Indiana’s northern border with Michigan, Michiana Shores offers residents a unique combination of lakefront living with private beaches and a wooded, secluded atmosphere while still providing reasonable access to Chicago for occasional commuting or cultural excursions.
4. Zionsville
- 2025 value: $600,191
- 2020 value: $411,101
- 2015 value: $337,375
- 2010 value: $298,417
- % Change 2010-2025: 101.1%
- % Change 2015-2025: 77.9%
- % Change 2020-2025: 46.0%
Zionsville has reinforced its position as one of Indiana’s most prestigious communities with home values doubling from $298,417 in 2010 to $600,191 in 2025, achieving an impressive 101.1% growth over fifteen years. The strong 46% appreciation just since 2020 reflects the continuing high demand for properties in this coveted location. Located in Boone County northwest of Indianapolis, Zionsville offers residents a charming brick-paved downtown with boutique shopping and dining, award-winning schools, and picturesque neighborhoods featuring a mix of historic homes and luxury new construction, all while providing easy access to the capital city via I-465 and I-65.
3. Long Beach
- 2025 value: $701,433
- 2020 value: $432,651
- 2015 value: $352,394
- 2010 value: $359,841
- % Change 2010-2025: 94.9%
- % Change 2015-2025: 99.0%
- % Change 2020-2025: 62.1%
Long Beach represents Indiana’s luxury lakefront market with home values soaring from $359,841 in 2010 to $701,433 in 2025, marking a substantial 94.9% appreciation over fifteen years. Interestingly, values slightly decreased between 2010 and 2015 before experiencing explosive growth with a remarkable 62.1% surge just since 2020, the highest five-year growth rate on this list. Located in La Porte County along Lake Michigan’s shoreline, Long Beach offers residents premium lakefront living with private beaches, stunning water views, and architecturally significant homes nestled among wooded dunes, creating an exclusive enclave that attracts both year-round residents and those seeking upscale summer retreats.
2. Clear Lake
- 2025 value: $737,450
- 2020 value: $503,197
- 2015 value: $390,491
- 2010 value: $378,048
- % Change 2010-2025: 95.1%
- % Change 2015-2025: 88.9%
- % Change 2020-2025: 46.6%
Clear Lake stands as Indiana’s second most expensive community with home values nearly doubling from $378,048 in 2010 to $737,450 in 2025, representing a robust 95.1% appreciation over fifteen years. The market showed relatively modest growth between 2010 and 2015 before accelerating dramatically with an 88.9% surge since 2015. Located in Steuben County in Indiana’s northeastern corner, Clear Lake is a premier lakefront community centered around its namesake pristine lake, offering residents a blend of historic summer cottages and modern luxury homes with private docks, creating an exclusive retreat that attracts wealthy professionals from Indianapolis, Fort Wayne, and nearby Michigan and Ohio.
1. Dune Acres
- 2025 value: $839,383
- 2020 value: $584,941
- 2015 value: N/A
- 2010 value: N/A
- % Change 2010-2025: N/A
- % Change 2015-2025: N/A
- % Change 2020-2025: 43.5%
Claiming the crown as Indiana’s most exclusive real estate market, I’ve found that Dune Acres boasts an extraordinary average home value of $839,383 in 2025, with a substantial 43.5% appreciation just since 2020. While historical data prior to 2020 is not available in our dataset, the current trajectory demonstrates the exceptional premium placed on properties in this unique community. Nestled within the Indiana Dunes National Park in Porter County, Dune Acres is an exclusive enclave of fewer than 100 homes situated atop the magnificent dunes overlooking Lake Michigan, offering residents private beach access, breathtaking views, and a sense of seclusion despite being within reasonable commuting distance to Chicago via the nearby South Shore Line.
