25 Small Towns in Indiana With the Cheapest Homes

Ranked by median home value among 386 towns of 500–10,000 people in Indiana. #1 is Country Squire Lakes, IN (median home $26,600).

1. 25Pennville, Indiana

   Median home $84,100

   Pennville is a town of 621 people in Jay County, Indiana. The median home is worth $84,100 and the median household earns $50,388, so homes cost 1.7× income (typical Indiana town: 2.5×). Median rent is $936.

   621 people · Jay County · median home $84,100 · income $50,388 · Jan low 19°F · 32 in snow

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2. 24Lynn, Indiana

   Median home $83,900

   Lynn is a town of 954 people in Randolph County, Indiana. The median home is worth $83,900 and the median household earns $38,438, so homes cost 2.2× income (typical Indiana town: 2.5×). Median rent is $661.

   954 people · Randolph County · median home $83,900 · income $38,438 · Jan low 18°F · 21 in snow

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3. 23Royal Center, Indiana

   Median home $83,800

   Royal Center is a town of 802 people in Cass County, Indiana. The median home is worth $83,800 and the median household earns $51,818, so homes cost 1.6× income (typical Indiana town: 2.5×). Median rent is $828.

   802 people · Cass County · median home $83,800 · income $51,818 · Jan low 18°F · 23 in snow

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4. 22Hartford City, Indiana

   Median home $83,400

   

   Hartford City is a city of 6,086 people in Blackford County, Indiana. The median home is worth $83,400 and the median household earns $41,752, so homes cost 2.0× income (typical Indiana town: 2.5×). Median rent is $730.

   6,086 people · Blackford County · median home $83,400 · income $41,752 · Jan low 19°F · 32 in snow

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5. 21Medora, Indiana

   Median home $82,300

   Medora is a town of 635 people in Jackson County, Indiana. The median home is worth $82,300 and the median household earns $69,231, so homes cost 1.2× income (typical Indiana town: 2.5×). Median rent is $1,018.

   635 people · Jackson County · median home $82,300 · income $69,231 · Jan low 24°F · 17 in snow

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6. 20Lyons, Indiana

   Median home $82,100

   Lyons is a town of 625 people in Greene County, Indiana. The median home is worth $82,100 and the median household earns $53,365, so homes cost 1.5× income (typical Indiana town: 2.5×). Median rent is $859.

   625 people · Greene County · median home $82,100 · income $53,365 · Jan low 23°F · 18 in snow

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7. 19Dunkirk, Indiana

   Median home $81,100

   Dunkirk is a city of 2,164 people in Jay County, Indiana. The median home is worth $81,100 and the median household earns $46,339, so homes cost 1.8× income (typical Indiana town: 2.5×). Median rent is $700.

   2,164 people · Jay County · median home $81,100 · income $46,339 · Jan low 19°F · 32 in snow

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8. 18Montezuma, Indiana

   Median home $80,400

   Montezuma is a town of 921 people in Parke County, Indiana. The median home is worth $80,400 and the median household earns $56,974, so homes cost 1.4× income (typical Indiana town: 2.5×). Median rent is $959.

   921 people · Parke County · median home $80,400 · income $56,974 · Jan low 17°F · 13 in snow

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9. 17Cayuga, Indiana

   Median home $79,800

   Cayuga is a town of 952 people in Vermillion County, Indiana. The median home is worth $79,800 and the median household earns $50,872, so homes cost 1.6× income (typical Indiana town: 2.5×). Median rent is $881.

   952 people · Vermillion County · median home $79,800 · income $50,872 · Jan low 17°F · 19 in snow

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10. 16Jonesboro, Indiana

    Median home $79,500

    Jonesboro is a city of 1,516 people in Grant County, Indiana. The median home is worth $79,500 and the median household earns $45,833, so homes cost 1.7× income (typical Indiana town: 2.5×). Median rent is $975.

    1,516 people · Grant County · median home $79,500 · income $45,833 · Jan low 18°F · 25 in snow

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11. 15Union City, Indiana

    Median home $79,300

    

    Union City is a city of 3,454 people in Randolph County, Indiana. The median home is worth $79,300 and the median household earns $39,360, so homes cost 2.0× income (typical Indiana town: 2.5×). Median rent is $595.

    3,454 people · Randolph County · median home $79,300 · income $39,360 · Jan low 18°F · 24 in snow

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12. 14Grissom AFB, Indiana

    Median home $79,000

    Grissom AFB is a community of 3,009 people in Miami County, Indiana. The median home is worth $79,000 and the median household earns $55,104, so homes cost 1.4× income (typical Indiana town: 2.5×). Median rent is $878.

    3,009 people · Miami County · median home $79,000 · income $55,104 · Jan low 17°F · 21 in snow

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13. 13Medaryville, Indiana

    Median home $78,500

    Medaryville is a town of 559 people in Pulaski County, Indiana. The median home is worth $78,500 and the median household earns $80,375, so homes cost 1.0× income (typical Indiana town: 2.5×). Median rent is $879.

    559 people · Pulaski County · median home $78,500 · income $80,375 · Jan low 16°F · 26 in snow

    Full Medaryville, Indiana profile: weather, storms, schools, jobs →

14. 12Farmersburg, Indiana

    Median home $78,000

    Farmersburg is a town of 1,069 people in Sullivan County, Indiana. The median home is worth $78,000 and the median household earns $53,750, so homes cost 1.5× income (typical Indiana town: 2.5×). Median rent is $865.

    1,069 people · Sullivan County · median home $78,000 · income $53,750 · Jan low 21°F · 15 in snow

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15. 11Kewanna, Indiana

    Median home $77,300

    Kewanna is a town of 576 people in Fulton County, Indiana. The median home is worth $77,300 and the median household earns $36,528, so homes cost 2.1× income (typical Indiana town: 2.5×). Median rent is —.

    576 people · Fulton County · median home $77,300 · income $36,528 · Jan low 16°F · 27 in snow

    Full Kewanna, Indiana profile: weather, storms, schools, jobs →

16. 10West Terre Haute, Indiana

    Median home $74,100

    West Terre Haute is a town of 2,157 people in Vigo County, Indiana. The median home is worth $74,100 and the median household earns $53,676, so homes cost 1.4× income (typical Indiana town: 2.5×). Median rent is $819.

    2,157 people · Vigo County · median home $74,100 · income $53,676 · Jan low 19°F · 16 in snow

    Full West Terre Haute, Indiana profile: weather, storms, schools, jobs →

17. 9Shelburn, Indiana

    Median home $73,700

    Shelburn is a town of 1,107 people in Sullivan County, Indiana. The median home is worth $73,700 and the median household earns $46,458, so homes cost 1.6× income (typical Indiana town: 2.5×). Median rent is $756.

    1,107 people · Sullivan County · median home $73,700 · income $46,458 · Jan low 21°F · 15 in snow

    Full Shelburn, Indiana profile: weather, storms, schools, jobs →

18. 8Carlisle, Indiana

    Median home $73,000

    Carlisle is a town of 625 people in Sullivan County, Indiana. The median home is worth $73,000 and the median household earns $45,750, so homes cost 1.6× income (typical Indiana town: 2.5×). Median rent is $825.

    625 people · Sullivan County · median home $73,000 · income $45,750 · Jan low 22°F · 15 in snow

    Full Carlisle, Indiana profile: weather, storms, schools, jobs →

19. 7Van Buren, Indiana

    Median home $69,800

    Van Buren is a town of 790 people in Grant County, Indiana. The median home is worth $69,800 and the median household earns $47,692, so homes cost 1.5× income (typical Indiana town: 2.5×). Median rent is $816.

    790 people · Grant County · median home $69,800 · income $47,692 · Jan low 18°F · 25 in snow

    Full Van Buren, Indiana profile: weather, storms, schools, jobs →

20. 6Bicknell, Indiana

    Median home $66,300

    Bicknell is a city of 3,029 people in Knox County, Indiana. The median home is worth $66,300 and the median household earns $52,188, so homes cost 1.3× income (typical Indiana town: 2.5×). Median rent is $844.

    3,029 people · Knox County · median home $66,300 · income $52,188 · Jan low 22°F · 15 in snow

    Full Bicknell, Indiana profile: weather, storms, schools, jobs →

21. 5Jasonville, Indiana

    Median home $65,900

    Jasonville is a city of 1,983 people in Greene County, Indiana. The median home is worth $65,900 and the median household earns $41,328, so homes cost 1.6× income (typical Indiana town: 2.5×). Median rent is $807.

    1,983 people · Greene County · median home $65,900 · income $41,328 · Jan low 21°F · 14 in snow

    Full Jasonville, Indiana profile: weather, storms, schools, jobs →

22. 4Oaktown, Indiana

    Median home $65,200

    Oaktown is a town of 581 people in Knox County, Indiana. The median home is worth $65,200 and the median household earns $38,333, so homes cost 1.7× income (typical Indiana town: 2.5×). Median rent is $697.

    581 people · Knox County · median home $65,200 · income $38,333 · Jan low 22°F · 15 in snow

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23. 3Dana, Indiana

    Median home $55,500

    Dana is a town of 555 people in Vermillion County, Indiana. The median home is worth $55,500 and the median household earns $52,791, so homes cost 1.1× income (typical Indiana town: 2.5×). Median rent is $643.

    555 people · Vermillion County · median home $55,500 · income $52,791 · Jan low 17°F · 18 in snow

    Full Dana, Indiana profile: weather, storms, schools, jobs →

24. 2Ridgeville, Indiana

    Median home $47,600

    Ridgeville is a town of 688 people in Randolph County, Indiana. The median home is worth $47,600 and the median household earns $38,750, so homes cost 1.2× income (typical Indiana town: 2.5×). Median rent is $736.

    688 people · Randolph County · median home $47,600 · income $38,750 · Jan low 18°F · 25 in snow

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25. 1Country Squire Lakes, Indiana

    Median home $26,600

    Country Squire Lakes is a community of 3,558 people in Jennings County, Indiana. The median home is worth $26,600 and the median household earns $57,201, so homes cost 0.5× income (typical Indiana town: 2.5×). Median rent is $1,149.

    3,558 people · Jennings County · median home $26,600 · income $57,201 · Jan low 23°F · 17 in snow

    Full Country Squire Lakes, Indiana profile: weather, storms, schools, jobs →

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• The 25 Best Quiet, Affordable Small Towns to Retire in Indiana
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• The 25 Best Small Towns for First-Time Home Buyers in Indiana
• The 25 Best Affordable Small Towns to Retire in Indiana With Mild Winters

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