Indiana Home Purchase Ranked Best Place To Live for Families

This guide covers Indiana home purchase and how Indiana is ranked as the best place to live with low cost of housing and low cost of living. While tens of thousands of residents are moving out of Illinois, Indiana is flourishing. Indiana is the 17th most populous state in the United States. The state is the 38th largest state in the U.S.

The state of Indiana became the 19th state of the U.S. on December 11th, 1816. Indiana borders Lake Michigan to the northwest, Michigan to the north, Ohio to the east, Kentucky to the south and southeast, and Illinois to the west.

Many Illinois homeowners are selling their homes and moving to Indiana due to lower property taxes and lower cost of living. The state has a healthy balance sheet. The housing market is booming in Indiana. Many national home builders are buying land throughout the state of Indiana. To add fuel to the fire, many home buyers are coming to Indiana from other states like Illinois to call Indiana home. In this blog, we will discuss Indiana home purchase and the benefits of living in Indiana.

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Indiana Home Purchase: Your Gateway to Affordable and Family-Friendly Living

Indiana deserves a close look if you’re dreaming about buying a home. An Indiana home purchase keeps climbing the wish list for families and first-time buyers hunting for low prices, friendly neighborhoods, and great schools.

In the latest rankings, Indiana is among the best states for raising families, and the evidence keeps piling up. Affordable prices on homes are just the start.

You’ll also find a growing job market, safe neighborhoods, and plenty of parks and recreation. Whether you have little kids, are nearing retirement, or are a remote worker seeking a better life balance, Indiana creates a community where you can truly settle and grow.

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Affordable Housing Makes Indiana Home Purchase a Smart Financial Move

One of the biggest perks of buying a house in Indiana is the affordable housing market. Currently, the median home price across the state is well below the national average. This is great news for first-time buyers and families ready to upgrade to larger spaces without overspending.

Cities like Fort Wayne, Indianapolis, and Lafayette have roomy, well-built homes at price points that other states can’t match. Whether you want a brand-new house in a busy suburb or a cozy, historic home in a quaint town, Indiana has the options and the value you’re looking for.

Low Property Taxes and Overall Low Taxes Benefit Homeowners

Once you’ve locked in the sale price, the ongoing costs matter. Lucky for you, Indiana has low property taxes and a flat state income tax that keep living costs down.

The property tax cap means you’ll have predictable costs for years. All this helps keep your monthly mortgage and annual bills easy to handle.

This friendly tax climate is great for families and retirees wanting to keep more of their earnings. If you’re moving from a high-tax state like Illinois, California, or New York, a home in Indiana could immediately lighten your monthly budget.

Indiana’s Cost of Living Comes In Low

It’s not only houses that are easy on your wallet. Indiana’s cost of living is among the lowest in the country. You’ll spend less on groceries, gas, medical bills, and utilities than in nearby states.

With lower everyday bills, your paycheck stretches farther. Families can tuck away more cash for savings, college, or a nice vacation. Remote workers and families with little ones moving to Indiana can breathe easy knowing their money will last longer.

Indiana’s Healthy Economy Fuels Future Value

Buying a home in Indiana is more than just a nice move; it’s a wise financial move. The state’s busy, balanced economy runs on manufacturing, health care, logistics, education, and growing tech jobs. As a key Midwest shipping center, it draws more companies and investors annually. This economic growth creates improved roads and services and steadily increases home values. As a result, Indiana is a reliable and rewarding place to invest in real estate.

Strong Job Market Draws Young Workers and Families

Indiana’s job market is booming. Unemployment is consistently below the national average, and new positions keep opening across sectors. That’s why young professionals, skilled tradespeople, and families are moving here to advance their careers. Key employers like Eli Lilly, Cummins, IU Health, and a network of manufacturing and logistics companies are hiring. Plus, the increase in remote work means more people are relocating to Indiana to enjoy a lower cost of living while keeping their high-paying jobs.

Safe, Welcoming Neighborhoods with Great Schools

For families, Indiana checks all the boxes. The state offers safe, tight-knit neighborhoods and a mix of public and private schools that earn high ratings. Many communities pride themselves on engaged parents and active volunteer groups, making it easy for new families to feel at home and for kids to make friends.

Cities like Fishers, Carmel, and Zionsville regularly appear on lists of the best places to live in the U.S. thanks to their clean parks, family activities, winning youth sports, and friendly community festivals. If you prefer wide-open skies and slower days, Indiana’s quiet rural towns also have great schools and neighbors who know your name.

Indiana’s Crime Rate Stays Among the Lowest in the Midwest

Safety is usually the first item on a family’s home checklist, especially when kids are young. Indiana’s low crime rate gives it the edge over other Midwest states. Many Indiana suburbs and small towns show crime numbers well below the national average. Whether it’s a brisk evening dog walk or letting the kids ride their bikes on the block, you can relax in Indiana. The state puts money into police and fire services, community safety training, and neighborhood watch groups, all of which help keep streets safe and homes secure.

Hoosier Hospitality and Quality of Life

When you think of the Midwest, you probably think of kindness and neighborly waves, and Indiana is right in the mix. The phrase Hoosier Hospitality is no cliché here: folks pitch in when the call goes out, and the whole community feels like one extra-large family. Buying a house in Indiana means getting a space and a whole support network.

On top of that, you get scenic parks, art venues, pro sports, and weekend family fun all in the same weekend. That’s a well-rounded life where you want to put down roots.

Top Indiana Cities to Check Out for Your New Home

Planning to buy a home in Indiana?

Check Out These Standout Cities and Towns:

Carmel: Known for top schools, a friendly feel, and a buzzing downtown district.
Fishers: A growing suburb filled with parks, new homes, and many job openings.
Fort Wayne: Low home prices, great schools, and a strong job market make it a charming choice.
Bloomington: A lively college town with year-round festivals and gorgeous scenery.
Lafayette/West Lafayette: Great neighborhoods, a strong Purdue economy, and a low crime rate.
Zionsville: Upscale living, a historic town square, and schools always getting top marks.

Indiana Home Purchase: Is Indiana the New Home for Out-of-State Buyers and Remote Workers

Across the country, people from expensive cities keep choosing Indiana as their new address, and it’s easy to see why. Thanks to remote work, buyers don’t need to pay big city prices to keep the same career. Indiana offers spacious homes, lower taxes, and an easygoing lifestyle for less money—no trade-offs necessary.

Whether the move is driven by a new job, family growth, or a desire for a fresh chapter, Indiana is ready to roll out the welcome mat for new homeowners.

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Why Indiana Is Your Best Home Choice in 2025

By 2025, Indiana will be more than a place to pass through—it’s where families, career starters, and retirees want to settle down. Thanks to budget-friendly homes, low taxes, a growing job market, great schools, and safe neighborhoods, Indiana stands out as a smart place to live, work, and raise kids.

Ready to dive in? Talk to a local real estate agent or loan officer who knows the Hoosier market like the back of their hand. At Gustan Cho Associates, we help new Indiana buyers uncover financing options, including those moving across state lines or buying their first home.

Ready to Buy Your Indiana Home? Let’s Get Started

Dreaming of Buying a Home in Indiana?

The Gustan Cho Associates team is here to guide you every step of the way.

Secure your loan pre-approval fast.
Discover down payment help programs.
Tour welcoming neighborhoods and top schools
Apply online now or call us at Gustan Cho Associates to start your journey to the perfect Indiana home.

Why Indiana Home Purchase Benefits Home Buyers

While its neighbor Illinois is losing residents in droves, Indiana is gaining population by the thousands. This includes many homeowners who are fed up with their high taxed states and migrating to Indiana.

Numerous polls are ranking Indiana as the nation’s best places to live. Home buyers get a lot of house for the money. Indiana is also ranking on top as America’s Best Place To Raise A Family.

Fishers, Indiana ranked as the top city in Indiana for the best cities to raise a family. This is followed by Carmel, Indiana. The rankings took into account the following factors:

Affordable Home Prices.
Low Property Taxes.
Low Cost Of Living.
Low City, County, State Sales, And Income Taxes.
Low Crime Rate And Safety.
Activities for children.
Amenities such as proximity to major highways, shopping, school.
Schools.
Proximity to institutions of higher learning such as trade schools, junior colleges, and colleges/universities.
Economy.
Growing Job Market.
Business Development.
Construction And Development of City and Surrounding Suburbs.

The worst city to move to is Santa Cruz, California. Santa Cruz, California is located in Central California. Besides high home prices, high cost of living, high state income and sales taxes, the FBI crime statistics were 6,284 violent crimes per 100,000 resident. Dale Elenteny, a senior mortgage loan originator at Gustan Cho Associates says the following about comparing Indiana to Illinois:

Economic development was a negative figure where more businesses moved out of the city than new businesses. Chicago, Illinois also ranked as one of the top worst city to live.

Chicago is on the verge of bankruptcy. The pension system in Illinois and Chicago is on the brink of bankruptcy. The Democratic-controlled city is facing larger deficits year after year. Property tax rates in Chicago are among the highest in the country. The newly elected Mayor Lori Lightfoot seems clueless in fixing the budget of the city. The newly elected governor JB Pritzker is beyond clueless and already is planning on raising taxes and implementing new taxes. A large percentage of Illinois residents are packing up and crossing the border to Indiana where they get a lot more for their money.