Buying or selling a home in Indiana? Here's what a $400K home looks like in 5 cities

As 2023 speeds along, here's another look around the state at what buyers and sellers can expect in Indiana's real estate market.

Average 30-year fixed mortgage rates still sit over 6%, and mortgage application volumes were 44% lower nationally than the same week one year ago.

At today’s rates, home prices would have to fall by 30% for homebuyers who are purchasing the median-priced home to have the same monthly payment they would have had a year ago, according to USA TODAY.

Let's see what homes listed between $400,000 and $500,000 look like in various cities around the state.

More Indiana real estate:Here's what a $500k house looks like around Indiana

Indianapolis

For buyers open to considering condos on their search, there is a very interesting warehouse-style loft on College Avenue. Listed at $429,900, this 2-bedroom 2-bath features exposed wood beams and ductwork, 18-foot ceilings and a full wall of windows.

For great views of the city, check out the balcony of the master bedroom or the building's rooftop deck. The 1922 building's history combined with the modern design and look of the condo makes for a unique spot in a location near Bottleworks and more.

Evansville

This Evansville listing at $419,900 offers plenty of space. With four bedrooms, 3.5 baths and more than 2,700 square feet, this home built in 2000 has enough room for a family to spread out.

The eye-catching kitchen has custom-built Fehrenbacher cabinetry and granite countertops, with an open layout that lets the chef see the living room TV or talk to guests.

The custom mantle and granite-faced fireplace in the living room sits between bookend doors leading out to the screened porch. The porch overlooks a spacious fenced-in backyard with plenty of grass and a patio area.

Homes for sale in February:Here's what a $300K house looks like around Indiana

Bloomington

Listed at $405,000, this Bloomington home built in 1994 has several updates.

The modern kitchen was designed by Springpoint Architects of Bloomington, according to the listing, and features Amish-built cabinets and quartz countertops and backsplash.

With 4 bedrooms and 3 bathrooms, which were renovated last spring, you'll have plenty of space with 2,220 square feet.

Outside, the large backyard is fully fenced and has a unique brick oven and large deck for entertaining. In the warmer months, you have access to a pool for neighborhood residents.

LaPorte

Looking at the northern part of the state, this home came in at the top of our range but was too interesting not to include.

This brick-and-stucco country home sits on almost 3 acres and boasts over 5,000 square feet of space. Stone terraces lead up to the home where you are greeted by a 2 story entry with a circular staircase.

Listed at $499,000, it has an impressive kitchen with wide plank flooring and antique beams. Three fireplaces, and heated floors in the primary bath will keep you warm all winter.

Columbus

If water is a must in your housing search, this home south of Indy in Columbus may be what you're looking for. Coming in at the middle of our range with a $449,900 listing, this lakeside house includes 125 feet of lake frontage and a large dock.

With 3 bed, 3 full baths and more than 2,000 square feet of space, the 1978 home has been completely renovated. An open-concept kitchen and wood-burning fireplace are great spots for entertaining, and a three-season room with panoramic windows takes advantage of the lake views.

While we are looking around in Columbus, here's a bonus listing. For the same price as the lakeside listing, you might also consider this 4-bedroom home with more than 4,000 total square feet of space.

Aside from the spacious interior that includes a new wine cellar, the exterior has a new deck and a fully fenced backyard.

This article originally appeared on Indianapolis Star: Indiana housing market: See what $400K buys in five different cities