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Home prices surge in central Indiana

Zionsville home prices rose about 46%, Zillow reports.

INDIANAPOLIS — Springtime is usually the busy season for people looking to buy a home.

But new numbers show it's a real problem for a lot of families this year.

In the last five years, on average, home prices have surged 54% in Indiana and nationwide, according to Zillow.

While that's good news for homeowners, it's a struggle for first-time home buyers, especially with mortgage rates over 7%. Many communities also report a shortage of available housing.

A Gallup poll this month found a record-low 21% of Americans say it's a good time to buy a house right now. 

Two communities with the biggest increases, West Lafayette and Carmel, saw home values up about 50% since 2019.

Zionsville home prices rose about 46%, Zillow said.

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