Housing Hoosiers


Indiana Business Research Center, Kelley School of Business, Indiana University

Mansion or trailer, townhouse or ranch, most Hoosiers live in single-family homes. The decennial census taken in April 2000 provides detailed information on the physical and financial characteristics of housing in Indiana, such as the number of rooms and bedrooms, vehicles and telephones, value, and heating fuel. Indiana's overall housing inventory is the primary focus of this article and will likely cause the reader to learn more about local areas within the state. This information is available for every county, city, town, and township in the state on STATS Indiana in a series of 60-page profiles developed from a census file named Summary File 3.

Physical Characteristics

Single or double (we don't mean cheeseburgers), trailer or apartment? Most housing in Indiana consists of single-family homes (see Table 1 and Figure 1).

Table 1
Housing Units by Type: Indiana Compared to the Nation

Types of Housing Occupied Units Distribution (%) Persons Per Unit
  Indiana Indiana U.S. Indiana U.S.
Total Units: 2,336,306 100.00 100.00 2.53 2.59
1, Detached 1,699,089 72.73 61.42 2.72 2.81
1, Attached 66,100 2.83 5.60 2.22 2.57
2 72,852 3.12 4.23 2.17 2.46
3 to 4 87,490 3.74 4.65 1.92 2.29
5 to 9 100,118 4.29 4.57 1.90 2.12
10 to 19 71,043 3.04 3.90 1.81 2.01
20 to 49 42,958 1.84 3.28 1.57 1.95
50 or More 50,844 2.18 5.24 1.41 1.82
Mobile Home 145,078 6.21 7.00 2.46 2.56
Boat, RV, Van, etc. 734 0.03 0.10 2.25 1.81

Figure 1
Multi-Unit Housing: Indiana Compared to the U.S.

Figure 1

Still, 25 percent of Indiana's housing is apartments or mobile homes (571,117 such units). Most apartment dwellers are found in the metro areas of the state, with mobile home living more prevalent in southern Indiana (see Figure 2).

Figure 2
Mobile Home Share of All Housing Units by Township, 2000

Figure 2
Click for Larger Image

Utility gas heats the majority of Hoosier (65 percent) and U.S. (51 percent) homes. Electricity is a distant second choice with a 22 percent share in Indiana and 30 percent share nationwide. Hoosiers use more bottled, tank, or LP gas (9 percent) than is used nationwide (7 percent), but less fuel oil or kerosine (3 percent) than the U.S. average of 9 percent (see Figure 3).

Figure 3
Fuel Used for Home Heating

Figure 3

Fuel Type Distribution (%)
  Indiana United States
Occupied Units 100.00 100.00
Utility Gas 64.65 51.22
Bottled, Tank, LP Gas 8.96 6.52
Electricity 21.70 30.35
Fuel Oil, Kerosine, etc. 2.58 8.97
Other 2.11 2.94
Coal or Coke 0.09 0.14
Wood 1.42 1.68
Solar 0.02 0.04
Other 0.37 0.39
None Used 0.21 0.69

 

Financial Characteristics

Most Hoosiers are homeowners—71 percent compared to 62 percent nationally.

Based on Census 2000, the median value of a home in Indiana is $94,300, compared to $119,600 for the U.S. Of course, the median home value varies widely depending on location, with median values as high as $625,000 in the Indianapolis area (Crows Nest) and $390,600 in Northern Indiana
(Dune Acres) (see Table 2 and Figure 4).

Table 2
Median Home Value in Indiana Cities and Towns

Places with a Median Home Value of $150,000 or More   Places with a Median Home Value of $42,500 or Less
Crows Nest $625,000   $42,300 Ridgeville
North Crows Nest $598,200   $42,200 Bicknell
Williams Creek $553,600   $42,200 Shelburn
Dune Acres $390,600   $41,500 Sandborn
Meridian Hills $281,900   $41,000 Dugger
Clear Lake $275,000   $40,800 Modoc
Spring Hill $270,800   $40,800 Wheatland
Zionsville $246,300   $40,600 Salamonia
Ulen $238,900   $39,900 Lyons
Beverly Shores $238,000   $39,400 Pennville
Woodlawn Heights $232,500   $39,300 Switz City
Ogden Dunes $222,000   $38,800 Carbon
Long Beach $217,500   $37,600 Hymera
Carmel $205,400   $37,500 Mecca
Country Club Heights $192,000   $36,300 Alton
Wynnedale $183,000   $35,600 Decker
Winfield $180,100   $34,700 Elnora
St. John $172,100   $34,700 State Line City
Munster $163,800   $33,100 Mauckport
Fishers $161,500   $31,900 Newberry
Schererville $157,900   $31,300 Crane
River Forest $156,300   $30,200 Edwardsport
Granger $154,600   $29,600 Saltillo
Michiana Shores $154,200   $28,800 Ambia
McCordsville $150,800   $24,300 Alamo Lore

Figure 4
Median Home Value by Township, 2000

Figure 4
Click for Larger Image

Home values also vary with the race of the homeowner, with Asians (reporting one race) having the highest median value at $138,300 in Indiana and $199,300 nationally (see Figure 5).

Figure 5
Median Home Value by Race of Householder

Figure 5

With homes come mortgages, utilities, and taxes. In Indiana, 71 percent of specified owner occupied homes (see definition below) have a mortgage.

Specified owner occupied units:
Financial data and some other housing characteristics are tabulated only for those units classified by the Census Bureau as "specified." Those units include only 1-family houses on less than 10 acres without a business or medical office on the property. The data for "specified units" exclude mobile homes, houses with a business or medical office, houses on 10 or more acres, and housing units in multi-unit buildings.

Of those mortgaged homes, average monthly owner costs are $977. The mortgage is clearly the biggest financial load, since homeowners without a mortgage have average costs of only $280 a month. Indiana has a median yearly real estate tax of $868, compared to $1,334 in the U.S.