03/31/2026
‼"INDIANA FORECLOSURE RATE IN CONTEXT - As of February 2025"‼
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"- Foreclosures are rising in Indiana and across the U.S., but Indiana’s foreclosure rate has only climbed back to pre-pandemic (2018-2019) levels.
- Indiana uses a judicial foreclosure process that leads to higher foreclosure totals as court backlogs accumulate more open filings.
Indiana is one of the most affordable states in the nation for homeownership: Recent homebuyers will spend about 32% of their household income on their monthly mortgage payment (based on a median home price and income).
- This is above the accepted 30% affordability threshold, but well below the 41% of income required nationally; household incomes are lower in Indiana, but affordable home values help offset the difference (our three-month median sale price stands at $260,000 compared to nearly $400,000 nationwide as reported by NAR).
- Affordability helps Indiana achieve one of the nation’s highest homeownership rates; this also means more owners who are younger and earn below the state median income – circumstances that increase the risk for financial distress.
- In Indiana, delinquency has risen faster for student loans, credit card debt and auto loans, while most mortgage debt is protected by comparatively low fixed rates: 99% of Indiana’s total mortgage debt is still current within ninety days.
- Homeownership is a cost-of-living advantage for Indiana; however, the state’s lower household income leaves less margin for dealing with financial challenges, which can spill over into increased risk and higher rates of foreclosure.
- Out of more than two million housing units, Indiana has about two thousand foreclosure filings statewide; while the state ranking isn’t the type of number we like to highlight, we shouldn’t overreact to a monthly report or draw deeper conclusions about the health of our housing market." ~ Indiana Association of Realtors
👇Learn more here 👇
https://www.attomdata.com/news/most-recent/foreclosure-rates-by-state/
