Indiana Housing: Affordability Crisis Looms | Indianapolis News

Indiana’s housing market is heating up—with sales up 8%—but affordability is slipping away for middle-income families. While the median home price hit $275,000, only 36% of homes are truly affordable, and sales of homes under $250,000 are falling. The surge is driven by existing homeowners upgrading, leaving first-time buyers and renters struggling. Just 20% of renter households can comfortably afford a home with a 10% down payment, even as mortgage rates hover around 6.25%. For many, the dream of homeownership is fading, despite Indiana still being relatively affordable compared to the nation. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1bf79652c59c2309