By choosing a Rent-to-Own property, you will be able to experience the feel of home ownership while being able to take advantage of low housing costs and mortgage rates. If you are in need of affordable housing in an area that is experiencing growth, Indiana just may be your state of choice!
Go Hoosiers!Indiana resides in the heartland of America and has long been considered the "crossroads of America", in large part due to its manufacturing base and extensive railroad network that still exists today. The Hoosier state offers much in the way of family-friendly attractions as well as big sporting events and affordable housing. Major industries that have taken root in Hoosier country include pharmaceutical manufacturing, education, social services, and healthcare. The population growth averages around 1.7 percent annually, bring in at least 8,000 new people a year. Job growth in Indiana annually comes in at a consistent 2.8 percent and unemployment sits at 5.8 percent. The median household income is $41,567 and the median family income is $50,261 annually.
Source: Dick N Debbie's Travels
The Real Estate Picture
As of the beginning of 2015, the median value of owned homes in Indiana was $111,000 according to Zillow. Some of the most popular metro areas in the state are Indianapolis, Gary, Fort Wayne, Terre Haute, and Evansville.
School rankings are mixed between cities and counties, but most of the higher ranked schools reside in cities on the edges of metro areas. Indiana is home to several very notable universities including Notre Dame, Purdue University, and Indiana University Bloomington.
In terms of annual crime, violent crime rates are slightly below the 3.8 per 1,000 residents, a hair above the national average at 3.57 according to Neighborhood Scout. Property crime is 28.54 per 1,000 residents and is slightly higher than the 27.3 national average.
Culture and Entertainment
Indiana has many fascinating and diverse points of interest for residents including the Indy 500, Indianapolis Colts, Indiana State Fair Balloon Race, Senior PGA Tour at French Lick, and Lafayette art galleries.