Angola, IN Housing Market

Market Overview

Angola’s residential market earns a PropertyIQ score of 71 out of 100, placing it in moderately strong territory relative to Indiana. The score is driven most by 12-month home value momentum of 10.73%, 3-month momentum of 1.22%, a median of 60 days on market, and a 23.7% share of listings with a price cut. Angola’s median home value of $324,297 is well above the state average of $260,095, while its rent index of $1,120 exceeds the state benchmark of $1,062.

The local economic base supports elevated pricing. Median household income is $74,911, about $2,954 above the state average of $71,957, and unemployment matches the state at 3.3%. These fundamentals help explain why home values sit roughly $64,000 above the state median. Still, the market is not uniformly strong: the 3-month momentum of 1.22% is positive but slower than the 12-month pace, and nearly one in four listings has had a price cut.

Overall, the 71/100 score points to a market with solid appreciation, above-state pricing, and stable employment, but with enough inventory and price adjustment to keep conditions from being overheated. The reported home value year-over-year figure of $9 appears inconsistent with the other metrics and is treated as a data limitation.

Key Trends

First, pricing and income are both above state benchmarks. Angola’s median home value of $324,297 exceeds Indiana’s $260,095 by about $64,200, and its rent index of $1,120 is above the state’s $1,062. Median household income of $74,911 also runs above the state’s $71,957. Using these figures, Angola’s median home value is about 4.3 times median household income, compared with about 3.6 times statewide, indicating a tighter affordability equation despite higher local incomes.

Second, home value momentum shows strength with recent cooling. The 12-month home value momentum of 10.73% is the top score driver, but the 3-month figure of 1.22% points to a slower recent pace. This suggests the fastest appreciation may be moderating.

Third, inventory and market pace are moderate. Angola has 120 homes for sale and a median days on market of 60 days. A 23.7% share of listings with a price cut shows that sellers are adjusting prices to attract buyers, creating a more balanced negotiating environment than the appreciation figures alone might imply.

Fourth, employment is stable but population growth is unknown. Angola’s unemployment rate of 3.3% matches the state average, which supports local demand. However, population growth is reported as N/A, so demographic-driven demand cannot be directly assessed.

Who Is This Market For

Move-up buyers and higher-income households are the most natural fit for Angola. With a median home value of $324,297 and median household income of $74,911, the market rewards buyers with established income or existing equity. A median of 60 days on market and a 23.7% share of price-cut listings give buyers more room to negotiate than in a fast-moving market.

Investors may be drawn to the 12-month home value momentum of 10.73%, which points to appreciation potential. However, the rent index of $1,120 relative to a $324,297 median home value suggests only a modest gross rental return, so cash-flow-focused investors should be cautious. Stability in employment and above-state income support tenant demand, but the lack of population growth data leaves an open question about rental demand growth.

First-time buyers may find this market more challenging than the Indiana average because Angola’s median home value is about $64,000 above the state benchmark. While incomes are higher than the state average, affordability is tighter, and entry-level buyers may need to rely on price-cut opportunities or flexible financing.

Outlook

Angola’s near-term outlook is for continued but likely moderating price strength. The 12-month home value momentum of 10.73% is a strong foundation, but the 3-month figure of 1.22% suggests the pace has slowed. With 120 homes for sale, a median of 60 days on market, and 23.7% of listings cutting prices, sellers will likely need to remain flexible on pricing. Stable unemployment at 3.3% and above-state median household income of $74,911 should continue to support buyer demand, but the missing population growth data means the long-term demand picture is incomplete. Overall, the data supports cautious optimism, with appreciation likely to continue at a more moderate pace than the past 12 months indicated.