Indiana is the thirty-eighth largest state by area, with a population of 6,691,878 (U.S. Census Bureau, July 1, 2019). Throughout history, there have been important milestones that helped shape Indiana. Before the French and Indian War of 1763, Native American tribes, like The Algonquians and Shawnee, established the first settlements in Indiana. Indiana officially became part of the United States in 1816. With the onset of the industrial revolution and auto industry, it gave way to the construction of the Indianapolis Motor Speedway, which later became known as the Indianapolis 500.
Today, Indiana's economy has a GDP of $371 billion (Bureau of Economic Analysis, July 1, 2018), which is driven by the auto industry, life sciences, transportation, information technology. Many of the leading Fortune 500 companies have their headquarters in Indiana, including Cummins, Anthem, and Eli Lilly and Company, to name a few.
The most recognized cities in Indiana are Indianapolis, Carmel, and Fort Wayne.
Indianapolis is the capital of Indiana and has a population of 853,431. Indianapolis is home to The Children's Museum of Indianapolis, Indianapolis Zoo, and the Indianapolis Motor Speedway. Over the last ten years, Indianapolis' housing market has appreciated by 35.40%. When compared to the rest of the nation, Indianapolis' housing prices are significantly less, with the median home price of $123,500 and a median rent of $840.
Carmel resides in central Indiana, about 16 miles north of Indianapolis, and has a population of 88,595. Carmel is home to Conner Prairie, Monon Trail, and Cool Creek Park Nature Center. Over the last ten years, Carmel's housing market has appreciated by 39.68%. When compared to the rest of the country, Carmel's housing prices are significantly higher, with the median home price of $320,400 and a median rent of $1,150.
Fort Wayne can be found in northeast Indiana and has a population of 262,450. Fort Wayne is home to Fort Wayne Children's Zoo, Foellinger-Freimann Botanical Conservatory, and Fox Island County Park. Over the last ten years, Fort Wayne's housing market has appreciated by 36.79%. When compared to the rest of the nation, Fort Wayne's housing prices are more affordable, with the median home price of $106,500 and a median rent of $708.