Groundwork

Market rankings · Indiana

Real estate businesses in Indiana

Markets across Indiana ranked by the Groundwork market score for real estate businesses, with competitor counts and household spending for each.

Listings
7,705
614 chain locations (8%)
Official establishments
4,608
+17.5% since 2019
Household spending a year
$37.5B
On rent and homeowner costs
Listings per 10k households
28.4
26% below the U.S.
Housing spending per listing (U.S. = 100)
112
12% above the U.S.
Rank among states
#26 of 51
Market score 51 · Upper middle

A site report maps the real estate businesses on map listings around any address in Indiana by name and distance, and the spending within reach.

Free10 actions over 3 days, no card

Survey estimates 2020–2024 · population estimates 2025 · official business counts 2023 · map listings September 2026 · Data credits · How we measure

What this means

Map listings as of September 2026 show 7,705 real estate businesses in Indiana. 614 of them (8%) are chain locations, against 6% across the U.S. Per 10,000 households, that is 28.4, 26% below the U.S. rate of 38.5.

Households in Indiana spend about $37.5B a year on rent and homeowner costs, or $13,818 per household, 17% below the U.S. average. Housing spending per office is 12% above the U.S. figure. That figure is all rent and homeowner costs, used as a measure of housing demand; it is not money real estate businesses take in.

In 2023, official counts showed 4,608 businesses with payroll in Indiana classed as real estate agents, property managers, mortgage lenders and inspectors, up 17.5% from 2019. That is one for every 589 households, against one for every 414 across the U.S. Across the U.S., the count rose 15.8% over the same years. Since fiscal 2022, 50 SBA-backed loans worth $13.1M have gone to businesses classed as real estate agents, property managers, mortgage lenders and inspectors in Indiana.

Among the 50 states and DC, Indiana ranks #26 for real estate businesses, with a Groundwork market score of 51 (upper middle). Of the 15 scored metro areas in or partly in Indiana, the Terre Haute metro area scores highest (62). Of the 25 scored small-town markets in or partly in Indiana, the Washington area scores highest (75).

Every market in Indiana for real estate businesses

Download the ranking (CSV)

Numbered by Groundwork market score among the markets based in Indiana, highest first; the U.S. rank compares each market with every other of its kind. A metro area that crosses a state line is listed in each state it reaches, and numbered only in the state its page is under. How the score works.

Metro areas

Metro areas reaching Indiana, ranked for real estate businesses by Groundwork market score
MarketScoreListingsPer 10k householdsHousing spending per listing (U.S. = 100)Population growthU.S. rank
1Terre Haute, IN6210115.0194+0.3%#74 of 387
2Kokomo, IN577521.1143+0.4%#114 of 387
3Michigan City-La Porte, IN5510123.1135−0.9%#129 of 387
4Elkhart-Goshen, IN5217724.5128+0.9%#160 of 387
Cincinnati, OH-KY-IN522,69629.7115+2.7%#163 of 387
5South Bend-Mishawaka, IN-MI5130423.7132+0.1%#171 of 387
6Evansville, IN4927424.0131+1.6%#186 of 387
7Muncie, IN4610322.3129+1.2%#220 of 387
8Columbus, IN4611634.895+4.3%#230 of 387
Louisville/Jefferson County, KY-IN411,99435.796+2.9%#272 of 387
9Indianapolis-Carmel-Greenwood, IN413,06036.393+5.4%#273 of 387
10Lafayette-West Lafayette, IN3924026.5115+2.1%#286 of 387
11Fort Wayne, IN3759732.897+3.9%#312 of 387
Chicago-Naperville-Elgin, IL-IN3414,03238.5920.0%#345 of 387
12Bloomington, IN2824436.086+2.0%#375 of 387

Small-town markets

Small-town markets reaching Indiana, ranked for real estate businesses by Groundwork market score
MarketScoreListingsPer 10k householdsHousing spending per listing (U.S. = 100)Population growthU.S. rank
1Washington, IN751613.5227+2.5%#30 of 536
2Frankfort, IN711411.2271+0.4%#44 of 536
3Crawfordsville, IN622516.0195+2.7%#113 of 536
4Logansport, IN592315.3189+0.1%#143 of 536
5Kendallville, IN583016.5188+1.0%#150 of 536
6Huntington, IN562415.6196+1.6%#177 of 536
7Auburn, IN563319.3162+2.9%#181 of 536
8Seymour, IN553720.4153+1.9%#197 of 536
9Connersville, IN521313.8211+0.7%#237 of 536
10Monticello, IN522019.5157+2.0%#245 of 536
11Greensburg, IN522220.5155+0.4%#246 of 536
12Plymouth, IN514022.5138+1.2%#259 of 536
13Wabash, IN502318.1168−0.7%#268 of 536
14New Castle, IN483116.6179+0.5%#289 of 536
15Vincennes, IN482617.1175−1.7%#290 of 536
16Marion, IN464617.21650.0%#303 of 536
17Madison, IN462418.8161+0.6%#304 of 536
18Decatur, IN442822.6135+2.2%#334 of 536
19Greencastle, IN433826.9118+3.2%#355 of 536
20Bedford, IN424523.5128+1.2%#368 of 536
21Peru, IN412317.3171−3.9%#374 of 536
22Jasper, IN404927.9117+0.9%#395 of 536
23Angola, IN383323.5135+1.0%#411 of 536
24Warsaw, IN3810131.6101+0.9%#417 of 536
25Richmond, IN286724.8117−0.5%#513 of 536

Counties

Counties in Indiana, ranked for real estate businesses by Groundwork market score
MarketScoreListingsPer 10k householdsHousing spending per listing (U.S. = 100)Population growthU.S. rank
1Franklin County, IN751010.9303+2.2%#101 of 2,229
2LaGrange County, IN731310.1329+1.9%#137 of 2,229
3Daviess County, IN691613.5227+2.5%#236 of 2,229
4Posey County, IN6898.5384−0.8%#259 of 2,229
5Clinton County, IN661411.2271+0.4%#332 of 2,229
6Clay County, IN661312.3254−0.1%#334 of 2,229
7Jennings County, IN65109.1331+0.1%#364 of 2,229
8Ripley County, IN651613.9224+1.6%#377 of 2,229
9Tipton County, IN63812.8249−0.4%#438 of 2,229
10Carroll County, IN631012.4247+1.6%#440 of 2,229
11Warrick County, IN634015.9219+4.4%#449 of 2,229
12Greene County, IN621410.7275+1.2%#487 of 2,229
13Washington County, IN611513.4223+0.5%#535 of 2,229
14Gibson County, IN611914.1219+0.1%#537 of 2,229
15Owen County, IN611315.1198+2.6%#541 of 2,229
16Hancock County, IN607723.0154+13.5%#578 of 2,229
17Spencer County, IN5989.9315+1.2%#595 of 2,229
18Brown County, IN59811.8277+1.9%#600 of 2,229
19Rush County, IN58913.32230.0%#653 of 2,229
20Montgomery County, IN582516.0195+2.7%#659 of 2,229
21Fulton County, IN561113.7222−1.9%#757 of 2,229
22Harrison County, IN562415.5203+1.9%#763 of 2,229
23Sullivan County, IN5567.7380+0.1%#800 of 2,229
24Cass County, IN552315.3189+0.1%#817 of 2,229
25Madison County, IN559217.2174+3.8%#824 of 2,229
Show all 92 counties
Counties in Indiana, ranked for real estate businesses by Groundwork market score, continued
MarketScoreListingsPer 10k householdsHousing spending per listing (U.S. = 100)Population growthU.S. rank
26Noble County, IN543016.5188+1.0%#859 of 2,229
27Scott County, IN541717.3167+2.8%#864 of 2,229
28DeKalb County, IN543319.3162+2.9%#866 of 2,229
29Pulaski County, IN53510.1299−0.4%#893 of 2,229
30Huntington County, IN532415.6196+1.6%#911 of 2,229
31Jackson County, IN533720.4153+1.9%#925 of 2,229
32Perry County, IN52911.6252+1.2%#956 of 2,229
33Fountain County, IN521420.2146+3.2%#991 of 2,229
34White County, IN502019.5157+2.0%#1,073 of 2,229
35Decatur County, IN502220.5155+0.4%#1,074 of 2,229
36Marshall County, IN504022.5138+1.2%#1,083 of 2,229
37Wabash County, IN492318.1168−0.7%#1,127 of 2,229
38Whitley County, IN493222.8142+2.1%#1,134 of 2,229
39Jasper County, IN493426.7119+3.0%#1,148 of 2,229
40Boone County, IN499633.4116+13.5%#1,149 of 2,229
41Hendricks County, IN4820931.1117+10.2%#1,190 of 2,229
42Henry County, IN473116.6179+0.5%#1,208 of 2,229
43Knox County, IN472617.1175−1.7%#1,210 of 2,229
44Newton County, IN471221.0144+2.9%#1,223 of 2,229
45Dearborn County, IN475225.6128+1.7%#1,234 of 2,229
46Clark County, IN4713125.6125+7.5%#1,236 of 2,229
47Morgan County, IN478730.8107+4.4%#1,247 of 2,229
48Pike County, IN46713.9222−2.0%#1,259 of 2,229
49Fayette County, IN461313.8211+0.7%#1,260 of 2,229
50Grant County, IN464617.21650.0%#1,270 of 2,229
51Jefferson County, IN462418.8161+0.6%#1,271 of 2,229
52Shelby County, IN464524.4129+1.8%#1,292 of 2,229
53Adams County, IN452822.6135+2.2%#1,344 of 2,229
54LaPorte County, IN4410123.1135−0.9%#1,397 of 2,229
55Putnam County, IN443826.9118+3.2%#1,411 of 2,229
56Orange County, IN431215.1197−0.1%#1,439 of 2,229
57Howard County, IN437521.1143+0.4%#1,452 of 2,229
58Wells County, IN432622.5137+2.6%#1,455 of 2,229
59Lawrence County, IN434523.5128+1.2%#1,458 of 2,229
60Miami County, IN422317.3171−3.9%#1,500 of 2,229
61Vigo County, IN417918.6154+0.4%#1,559 of 2,229
62Elkhart County, IN4117724.5128+0.9%#1,565 of 2,229
63Dubois County, IN414927.9117+0.9%#1,568 of 2,229
64Bartholomew County, IN4111634.895+4.3%#1,580 of 2,229
65Hamilton County, IN4077256.271+10.9%#1,645 of 2,229
66Steuben County, IN383323.5135+1.0%#1,724 of 2,229
67St. Joseph County, IN3826524.7126+0.1%#1,731 of 2,229
68Kosciusko County, IN3810131.6101+0.9%#1,740 of 2,229
69Starke County, IN371617.8163+0.1%#1,770 of 2,229
70Porter County, IN3725437.092+1.6%#1,804 of 2,229
71Lake County, IN3661631.6101+1.1%#1,841 of 2,229
72Johnson County, IN3630648.971+7.4%#1,855 of 2,229
73Jay County, IN331316.7171−1.8%#1,960 of 2,229
74Allen County, IN3353934.492+4.2%#1,980 of 2,229
75Delaware County, IN3210322.3129+1.2%#2,000 of 2,229
76Wayne County, IN326724.8117−0.5%#2,001 of 2,229
77Floyd County, IN3012940.483+2.0%#2,075 of 2,229
78Randolph County, IN282726.1111+0.1%#2,119 of 2,229
79Vanderburgh County, IN2822528.7105+0.9%#2,121 of 2,229
80Tippecanoe County, IN2722629.8101+2.2%#2,143 of 2,229
81Marion County, IN261,36034.092+1.6%#2,161 of 2,229
82Monroe County, IN2523139.080+1.9%#2,177 of 2,229
Parke County, INNot scored46.5465+3.0%
Vermillion County, INNot scored34.5640+0.6%
Blackford County, INNot scored23.9737−3.1%
Crawford County, INNot scored48.7315−0.2%
Switzerland County, INNot scored37.7394+3.1%
Martin County, INNot scored37.7396+0.5%
Benton County, INNot scored25.8541+2.0%
Warren County, INNot scored26.0544+0.6%
Union County, INNot scored26.8467−3.1%
Ohio County, INNot scored622.9133+1.2%

Markets with fewer than 5 real estate businesses on map listings, and counties under 10,000 people, aren’t scored; they’re listed last in each table.

Questions

How many real estate businesses are in Indiana?

There are 7,705 real estate businesses on map listings in Indiana as of September 2026. 614 of them (8%) are chain locations. The listings count real estate agents and brokers, property managers, mortgage brokers and lenders, and home inspectors. Official counts show 4,608 businesses with payroll classed as real estate agents, property managers, mortgage lenders and inspectors in 2023, up 17.5% from 2019. Another 23,163 one-person businesses have no payroll, by official counts.

How much do households in Indiana spend on rent and homeowner costs?

About $37.5B a year, or $13,818 per household. That is 17% below the U.S. average (an index of 83, where 100 is the U.S. average). For the 7,705 real estate businesses on map listings, housing spending per office is 12% above the U.S. figure. The spending figure is all rent and homeowner costs, a measure of housing demand, not money real estate businesses take in. It is estimated from the incomes of the 2,716,009 households in Indiana and national spending patterns by income.

How does Indiana compare with the U.S. for real estate businesses?

Indiana has 28.4 real estate businesses per 10,000 households, 26% below the U.S. rate of 38.5. The index of housing spending per office is 112, where 100 is the U.S. At the national ratio of real estate businesses to household spending, Indiana would have about 8,664, against 7,705 on map listings. There is one business with payroll in the industry for every 589 households, against one for every 414 across the U.S. The official count rose 17.5% from 2019 to 2023, against +15.8% for the U.S.

Which market in Indiana has the highest market score for real estate businesses?

Among 15 scored metro areas in or partly in Indiana, the Terre Haute metro area scores highest, at 62 (upper middle). Among 25 scored small-town markets in or partly in Indiana, the Washington area scores highest, at 75 (high). Among 82 scored counties in Indiana, Franklin County scores highest, at 75 (high). Scores compare each market with others of its kind across the U.S.

What is the Groundwork market score?

The Groundwork market score runs from 0 to 100 and compares a market with others of its kind for one business type: states with states, metro areas with metro areas, small-town markets and counties with their own. It weighs household spending per competitor (35%), households per business with payroll (25%), population growth (20%) and spending power (20%), each ranked against those peers. A higher score means that, taken together, the market has more household spending and more households for each business already there, faster population growth and more spending per household than similar markets. It describes a market, not any one site or deal. Indiana scores 51 for real estate businesses (upper middle), #26 of the 50 states and DC.

How can I see the market around a specific site?

Run a Groundwork site report on an address in Indiana. It maps the real estate businesses on map listings near the site and sizes the households and spending within the distance you choose. New accounts get 10 actions over 3 days, no card.

Real estate in other states

All 51 states

Top markets for real estate businesses across the U.S. · All business types in Indiana

Screening a site or an acquisition in Indiana?

A site report maps the competitors on map listings near an address and sizes the households and spending around it.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are estimates for research only. Not investment or real estate advice.