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Indiana Real Estate


According to census data in the year 2000 there were 2,532,319 housing units in Indiana. This represents a 12.7% from 2,246,046 in 1990.

Of those housing units, 1,826,555 were located in either urbanized areas or urban clusters, and 705,764 were located in what is classified as a rural area.

Homeownership rate in Indiana is about 71.4%. Indiana's vacancy rate, including seasonal lodging, is about 7.7%. Average household size is 2.53 people.

The majority of houses, apartments or condos in Indiana were built after 1967.

Statistics

Housing Size

Housing Units by Size
Studio Type1.3%
One Bedroom10.6%
Two Bedrooms28.9%
Three Bedrooms42.8%
Four Bedrooms13.8%
Five Bedrooms or more2.6%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.66
Median year structure was built1966
Median Value of occupied units$94,300
Median Price asked for vacant units$78,600

Rented Homes, Apartments and Condos

Average Household Size2.19
Median year structure was built1968
Median Monthly Rent asked for vacant units$439

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.1%
Second Mortgage8.4%
Home Equity Loan8.7%
Simple Mortgage53.5%
Debt Free29.1%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs16.8%

Cities & Towns


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