Housing in Anderson
Detailed housing data — sourced from authoritative datasets and normalized for direct comparison.
Housing in Anderson, Indiana
The housing market in Anderson is characterized by its affordability compared to many other Indiana markets and the national average. The median owner-occupied home value was $119,000 in 2024, significantly lower than the statewide median. Renting is also more affordable, with the average rent for an apartment around $957 per month as of October 2026. Rent prices have seen a modest increase of about 6% year-over-year.
Housing
About Anderson, Indiana
Anderson, Indiana, is a mid-sized city in Madison County, serving as its county seat. With a population of approximately 56,404 in 2026, the city is experiencing a steady growth rate. Anderson is known for its blend of established housing, practical access to jobs, and a variety of local amenities and events. It's also home to Anderson University and the headquarters of the Church of God (Anderson).
About Indiana
Indiana, known as the "Hoosier State," offers a practical and community-oriented lifestyle with a cost of living generally below the national average. Its economy is diverse, with major industries including advanced manufacturing (automotive, steel, pharmaceuticals, medical devices), agriculture (corn, soybeans, hogs), life sciences, and logistics. The state experiences a humid continental climate, characterized by hot, muggy summers and cold, snowy winters, with spring and fall offering more moderate temperatures. Residents often value a relaxed pace of life, strong community ties, and access to outdoor activities and major metropolitan areas.
