What is the average mortgage rate in Indiana in 2026?
Around 7.46% as of October 19, 2026, in line with national average.
Best Mortgage Rates Indiana 2026
Indiana offers affordable housing well below the national median, with a median home price of $261,600 in early 2026. The state has no real estate transfer tax and one of the lowest flat income tax rates in the US at 2.95%.
30-year fixed
7.46%
National avg
15-year fixed
6.82%
National avg
5/1 ARM
6.82%
National avg
| Product | Rate (APR) |
|---|---|
| 30-year fixed (national avg) | 7.46% |
| 15-year fixed (national avg) | 6.82% |
| 5/1 ARM (national avg) | 6.82% |
Rates verified Oct 21, 2026
Rates shown are national benchmark averages from the site data file, not live quotes from lenders. Confirm pricing with banks and brokers in Indiana. Not financial advice.
Indiana at a glance
- Average home price: $261,600
- State income tax: Yes (2.95% flat rate)
- Land transfer tax: None
- Typical monthly payment: $1,458/mo on $261,600 with 20% down, 30-year term, at 7.46% — excludes taxes, insurance, and HOA.
Frequently Asked Questions
Does Indiana have a real estate transfer tax?
No — Indiana has no state real estate transfer tax, which helps keep closing costs low.
What is the median home price in Indiana in 2026?
$261,600 as of February 2026 — well below the national median.
How much do I need to earn to afford a home in Indiana?
To afford $261,600 with 20% down at 7.46%, you need approximately $60,000–$65,000 annual income.
Indiana mortgage calculator · Educational reference only. Not financial or lending advice.