Recently, several bloggers wrote posts on real estate prices in their area- a topic I find fascinating. Then last Friday, I wrote a post for Personal Capital called: “A Potentially Easier Way To Get Rich: Move To The Midwest.”
As a self-professed houseaholic, I thought it would be fun to write about what you can buy at different price points in Central Indiana too. Because honestly, I think it’s difficult for people on the coasts to understand just how far your money can go here. However, keep in mind that I live in one of the most expensive parts of the state and only 30 minutes from our state’s capital. But first, a disclaimer:
If you live in a big city and love it, please don’t be offended by this post! I acknowledge that big cities have things to offer that you just can’t find in the Midwest, and that many people prefer big-city living. Greg lived in Chicago when we started dating and I loved falling in love in a big city and having so much to do and see. On the other hand, now that we have kids, I want a yard with trees to climb on and a garage that keeps my car cozy and warm during winter. And Greg likes to pee off the back porch. (I kid, I kid).
Central Indiana Housing Prices Revealed
No matter where you want to live in Central Indiana, real estate is relatively cheap. Even the most expensive cities, like Zionsville and Carmel, are still undeniably affordable places to live and raise a family when compared to the biggest cities in the U.S. or anywhere on either coast. For the sake of this post, I used the county where I live- Hamilton County- to provide examples of just how far your money can take you here in Central Indiana.
$150,000 Carmel, Indiana
Carmel is one of the most expensive places to live in Central Indiana, but there are still plenty of bargains to be had. Take this 2,000 square foot brick ranch, for example. With four bedrooms and two baths, this fixer-upper has some great potential…and charm! This home also sits on .67 of an acre and boasts a beautiful custom deck out back. The only negative: this house needs some updates and a little bit of work. The details:
- Year Built: 1972
- Square Feet: 2,006
- Bedrooms/Bathrooms: 4 Bed, 2 Bath
- Features: Wooden Deck, Minibarn, Large Yard
$300,000 Noblesville, Indiana
I picked this home because it resides in the town where I live, Noblesville. With 3,315 square feet and 4 bedrooms, 2 1/2 baths, this home is rather large. Fortunately, it has also been updated with a new kitchen, new wood floors and carpet, and a newly finished basement. More details:
- Year Built: 1979
- Square Feet: 3,315
- Bedrooms/Bathrooms: 4 Bed, 2.5 Bath
- Features: Newly remodeled, Large Yard, Screened in Porch
$500,000 Noblesville, Indiana
$500,000 is the price point where houses turn into mansions in Central Indiana. And with 5 bedrooms, 4 baths, and almost 6,000 square feet, this home is big enough for almost any size family. This Noblesville home also features custom woodwork, a walk-out basement, a home theatre, and a heated, 3-car garage.
A few more details:
- Year Built: 2006
- Square Feet: 5,768
- Bedrooms/Bathrooms: 5 Bed, 4.5 Bath
- Features: Custom-built, lakefront, home office, home theatre
$750,000 Noblesville, Indiana
Three quarters of a million dollars can buy more house than anyone really needs in Central Indiana. This Central Indiana home, for example, has 5 bedrooms, 6 bathrooms, and almost 6,500 square feet! It’s definitely more home than I would ever want or need, but it certainly does look beautiful. A few more details:
- Year Built: 2006
- Square Feet: 6,448
- Bedrooms/Bathrooms: 5 Bed, 4 Bath, 2 Half- bath
- Features: Custom home, Billiards Room, Home Theatre, Two-tier outdoor deck
How Far Does Your Money Go Elsewhere?
Now that you know how far your money can go in Central Indiana, check out these other posts from around the United States and the world:
- Save. Spend. Splurge.: Montreal
- Urban Departures: Toronto
- Financial Diffraction: Halifax
- Money after Graduation: Calgary
- Frugal Portland: Portland
- Broke and Beautiful: New York
- Michelle of Shop my Closet: Denver
- Paul of Don’t Quit your Day Job: Silicon Valley / South Bay Area
- Red Debted Stepchild: Bergen County, NJ
N.Z. Muse: Aukland, N.Z.
Reach Financial Independence: Guatemala
If you wrote about real estate prices on your blog and want to be added to this list, just let me know in the comments!
How much house can you buy for $150,000 where you live? $500,000? $750,000?