Real Estate Relocation Guide To Indiana

Relocating from Chicago to Indiana is a major move. You’re crossing state lines and heading 20 miles to find a new home in a different community. By familiarizing yourself with the local real estate market, whether your destination is Indianapolis or South Bend you can get a good idea of the Indiana landscape and locate the best area for you and your family.

We’ll start with the big picture… Indiana has an estimated population of 6.3 million* and around 35,800 square miles of land. The total number of housing units is 2,756,583, of which about 1.7 million are owner-occupied and 679,000 are inhabited by renters. Roughly 321,000, or 11.7 percent, of the residences in the state are vacant. The median home value in Indiana is $120,700 and the median household income is $45,394. For an idea of how this sizes up with national averages – the median home value in the U.S. is $185,200 and the median household income is $48,451.

Statewide figures provide a good overview of Indiana, but when you’re planning to relocate to the region, knowing what types of housing are available is the most important thing. So here’s a breakdown of what Indiana real estate has to offer…

About 41,000 homes in Indiana are new construction, developed in 2005 or after (another 238,000 were put up between 2000 and 2004). Indiana has its share of vintage charm as well with 524,000 residences built prior to 1940. The total number of detached, single-family houses across the state is 1.9 million, and there’s also a good selection of multi-unit residences and condos. Most homes have 3 bedrooms, but size varies greatly depending on where you look. And, in case you’re wondering about how your budget will pan out in The Hoosier State, monthly mortgage costs in [Alabama] generally hover between $500 and 2,000+.

Relocation Resources

Noblesville Real Estate, Morse Lake Homes, Hamilton County - Debra Castino
Homes for sale in Noblesville, Morse Lake, Cicero, Carmel, Fishers, Indianapolis, and Hamilton County. Check out my testimonials, community info, and more.

Indianapolis Real Estate Relocation
Indianapolis Residential Real Estate

Indianapolis Real Estate, Carmel Homes, Marion County - Alan McNally
Find Homes For Sale in Indianapolis, Carmel, Noblesville, Fishers, Cicero, McCordsville, and Marion County. Check out our newsletter, free reports, or community info.

Carmel Real Estate, Noblesville Real Estate, Fishers Real Estate - Pat Haddad
Homes and Real Estate for sale in Carmel, Noblesville, Fishers, Westfield, Cicero, Sheridan, and Hamilton County. Get FREE reports, buyer and seller tips, or find your Dream Home.

*All statistics are from the 2006 American Community Survey as shown on the U.S. Census Bureau website.
Sources: factfinder.census.gov and www.city-data.com