Surprising Town Named the Cheapest Place to Buy a Home in Indiana

One website just found the most affordable place to purchase a home in Indiana, and it's a town that many Hoosiers have probably never even heard of before.

It's not a secret that the cost of living is high, and going up. Inflation has caused so much to be more expensive than it has ever been in the past. It makes it hard to pay your bills, buy groceries, and fill up your gas tank when everything is getting more pricey, but your paycheck remains the same. Let's take the housing market, for example. The cost of buying a house is constantly rising. Combine that with high-interest rates, and you might have to rethink where you are wanting to live. As you know, some areas are a little cheaper than others. That being said, where is the cheapest place to buy a home in Indiana for 2025?

The folks over at Go Banking Rates recently discovered the cheapest place to buy a home in each state. To find the cheapest place to buy a home in every state,

GOBankingRates analyzed every state to find the cities with the cheapest median home values, as sourced from Zillow Home Value Index. For each city, the total population was sourced from the U.S. Census American Consumer Survey as supplemental data.

That being said, I think you might be surprised to find out the cheapest place to buy a house in Indiana.

The Cheapest Place to Buy a House in Indiana for 2025

According to Go Banking Rates, if you are looking for the cheapest place to buy a hom in Indiana, you will want to look no further than the small rural town of Hymera. This south western town is located in Sullivan County, about 25 miles south of Terre Haute.

Google Maps

Go Banking Rates says that Hymera has a total population of 835 residents. It also has a Zillow Home Value Index of $81,003. Clearly, this is a small town. I believe there's only one gas station and a Dollar General. So, it's safe to say, there's not too much to do in town itself, but the surrounding area has a lot to offer between Terre Haute and Shakamak State Park nearby.

Google Maps

Again, it might be surpising that this is the most affordable place to buy a home in Indiana. Especially considering that most Hoosiers have probably never even heard of this town. You can take a look at the fully report for Go Banking Rates by clicking here.

KEEP READING: 40 Real Indiana Towns with Quirky, Weird, and Funny Names

Outside the major cities, the Hoosier state is full of tiny little towns you've probably passed through on your way to one of those cities. Most of them are likely 100 to 150 years old, or older, and have been around far longer than the large metropolitan areas such as Indianapolis, Fort Wayne, South Bend, and Evansville. Typically, they were started by early settlers who found their way to the state and decided to make it home. Eventually, others would join them, and a community was formed. Over time, as the surrounding areas grew, most of them were folded into those areas and governed by the nearest city or county's governing body officially making them "unincorporated," meaning they did not have their own formally organized municipal government.

A scroll through Wikipedia's long list of unincorporated communities in Indiana shows several of them have names that by today's standards would be considered weird, quirky, or just downright right funny. These are my 40 favorities.

Gallery Credit: Ryan O'Bryan

30 Bizarre (and Real) Indiana High School Mascots

According to High School.com, there are 682 high schools in Indiana. 555 of those are public schools, while the remaining 127 are private. A majority of those schools have chosen typical mascots to represent them, like eagles, tigers, lions, jets, patriots, and so on and so forth. But, these 30 schools decided to go, well, a different direction.

List Source: "List of High Schools in Indiana" Wikipedia

Gallery Credit: Ryan O'Bryan