Indiana
What does $500K buy in Indiana in February? See inside 5 homes around the state
Real estate video: Tips for first-time homebuyers
Tips for first time homebuyers
Evan Frank/IndyStar, Wochit
With 2024 now in full swing, let’s take another look around the state at the real estate market.
Nationally, mortgage rates are holding steady in the 6% range, down from 8% in October, but the overall inventory is still down about 4% year over year, real estate tracking site Redfin data shows.
Thanks largely to the reduced inventory, the median U.S. home sale price rose 5.1% during the first four weeks of January, according to Redfin. That jump was the biggest increase since October 2022.
In Indiana, home prices were up 3.5% in December compared to a year ago.
Here’s a look around the state at what buyers in the $500,000 price range might find in various cities.
Indiana home buying: What income do Indianapolis homebuyers need to buy a home? It keeps going up.
Indianapolis
This custom-built home on Columbia Ave. is only two years old and has more than 2,600 sq ft of space.
The 3 bedroom, 2.5 bath features exposed brick, ductwork and wood beams in the kitchen and living area, along with granite countertops and a 5-burner Italian stove.
The two-story craftsman-style home with a detached garage is close to the Monon, Bottleworks and Mass Ave and is listed for $510,000.
Mooresville
Just south of Indy, this $525,000 charming rustic log cabin in Mooresville sits on more than 3 acres of land.
The 3 bedroom, 2.5 bath home comes in at just shy of 3,000 sq ft of space and combines modern amenities with the classic cabin style. A spacious porch lets you take in the surroundings outside, while a wood-burning fireplace in the living area and a large soaking tub in the bathroom keep you warm during the winter months.
Additionally, a 2-car attached garage and a newly built 3-bay garage provide plenty of storage or workshop space.
Evansville
This Charleston-style colonial home in Evansville has plenty of space and curb appeal, with more than 3,200 sq ft, 3 bedrooms and 3.5 baths.
Built in 2004, the brick home on 1.5 lots has four fireplaces, a large rec room, a courtyard and an attached 3-car garage.
Features like a wet bar in the living room, built-ins (including a safe) and woodwork throughout the entire home add character and function.
Terre Haute
This Terre Haute home offers unique architecture and the chance for country club living.
Listed for $500,000, this home on the 14th hole of The Country Club of Terre Haute Golf Club has more than 4,800 sq. ft. of space and shows off the surrounding landscape with banks of floor-to-ceiling windows.
With six bathrooms, four bedrooms plus a wood-paneled library that can be a home office or fifth bedroom, the space also includes an attached 3-car garage, walkout basement and a lower-level game room.
Florence
For buyers looking for water views, this home overlooking the Ohio River is listed for $515,500 and has its own boat dock.
A full wall of windows in the main living area and a covered front patio provide great views of the water and beyond.
Sitting on 11.5 acres, you’ll have plenty of space for outdoor activities while an RV canopy and 1,800 sq ft pole barn with concrete flooring are perfect to store your vehicles or get creative with the extra space.
Indiana
Hamilton County teen is youngest delegate at Indiana Republican convention
INDIANAPOLIS (WISH) — A Hamilton County teen on Friday said he’s excited for his first convention as a voting delegate.
Jackson Massillamany, who just turned 18 and graduated from high school in May, is no stranger to politics. His father, Mario, is the chair of the Hamilton County Republican Party and his mother, Amy, serves on the Hamilton County Council.
Jackson said he signed up to be a delegate at this weekend’s Indiana Republican Party convention in Fort Wayne after Mario asked if he was interested.
“It’s kinda cool to see how this is done and what my dad actually does,” he said. “At first, I wasn’t really excited for it, but I’m here now and I’m having a blast.”
Mario Massillamany, who is a contributor to “All INdiana Politics,” said Jackson is the youngest delegate at the convention. He said he has been taking Jackson along to party functions ever since he was an infant.
“It’s a great opportunity for him to get more active and involved in politics, and I think we need to try and get the younger generations involved in our political process,” he said. “I think this is a great opportunity for him to come here, have a good experience and then go back and talk to his friends about why it’s important to get involved.”
Jackson will be one of 1,800 delegates tasked with picking a nominee for secretary of state. It’s a closely watched race. Current Secretary of State Diego Morales, who is seeking a second term, has faced numerous controversies since he took office. Knox County Clerk David Shelton and conservative activist and 2024 gubernatorial candidate Jamie Reitenour have been running against Morales for months. Last month, Max Engling, a staffer for Sen. Jim Banks and a 2024 congressional candidate, joined the race at the last minute with Banks’ backing.
The Republican winner in November will have to face Bayh family scion Beau Bayh, a Democrat, along with Libertarian Lauri Shillings and, potentially, former Indianapolis Mayor Greg Ballard, who is running as an independent under the Lincoln Party label.
Mario said he’s telling Jackson to keep his eyes and ears open and to meet with all of the weekend’s candidates.
Both Massillamanys said the key to getting young people to vote and to get politically involved is to, first, encourage them to register to vote and, second, to elevate more young people who are in politics.
“I feel like many people are scared to be involved in politics because nobody else younger does it,” Jackson said. “So, like, me and other people my age, being able to reach out to others to try and get involved, I feel like, is the best way for people my age to get involved.”
Delegates to the 2026 Indiana Republican Party convention will make their selections on Saturday. Besides secretary of state candidates, they will choose nominees for state treasurer and state comptroller. The current occupants of those offices, Daniel Elliott and Elise Nieshalla, respectively, are running for second terms and are unopposed.
Government reporter Garrett Bergquist will be in Fort Wayne on Saturday and will have a full report on the results of the convention at 6, 10 and 11 p.m. on WISH-TV.
Indiana
Man dies after near east side apartment shooting
INDIANAPOLIS (WISH) — A man is dead after a shooting Thursday night on Indy’s near east side, police say.
According to the Indianapolis Metropolitan Police Department, just after 8 p.m., officers were called to the 2000 block of East Washington Street on a report of a person shot.
When officers arrived, they found an adult male inside an apartment with injuries consistent with gunshot wounds.
Indianapolis Emergency Medical Services transported the man to a hospital in critical condition, where died shortly after arriving.
Homicide detectives responded to the scene to begin the investigation.
Crime Resources
Indiana
Braun asks regulators to reconsider $71 million AES rate increase
Gov. Mike Braun asked state regulators to reconsider their decision to greenlight a $71 million rate increase for AES Indiana, doubling down on his condemnation of a move that could leave Indianapolis residents with higher electrical bills for years.
Braun wrote in a June 18 news release that he had asked Indiana Utility Counselor Abby Gray, who heads the office representing ratepayers in proceedings before the Indiana Utility Regulatory Commission, to petition for a rehearing of the AES rate case.
Gray indicated in the release that her office would submit the petition shortly. No petition had been posted on the IURC’s online docket as of this story’s publication.
The rate increase, which was approved by the IURC on June 17, was substantially less than the $192 million increase that AES initially requested. It was also less than the amount proposed in a settlement last October between AES and major electricity consumers.
But the Office of Utility Consumer Counselor, which Gray leads, came out strongly against any increase to AES’s base rates. In September, the OUCC called for a $21 million reduction instead.
As the Republican Party grapples with rising discontent over affordability, Braun has used opposition to rising utility rates to telegraph that he’s committed to keeping costs down for Indiana residents. He signed a law in February that allows the state to make rate-setting decisions that reward or penalize utilities based on metrics including affordability.
In March, he told reporters that he would take on Indiana’s five investor-owned utilities, describing himself as the “new sheriff in town.”
And after the IURC voted 3-1 to approve the AES rate increase, he wrote in a post to X that he was “deeply disappointed.”
Braun wrote in the June 18 news release that he had appointed Gray, a longtime OUCC lawyer and judge, to her current post because he knew she “would help me fight for Hoosiers.”
According to AES’s estimates, the rate increase will cost households an additional $5 per month for every 1,000 kilowatt hours of electricity they use, beginning in July. A second hike will take effect in January.
Tilly Robinson is a Pulliam fellow for the Indianapolis Star. She can be reached at tilly.robinson@indystar.com.
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