Home Equity in Indiana: How Much Can You Cash Out? (2026)
With Indiana's median value near $245,000 and a typical $135,000 balance, homeowners can access about $73,250 at 85% combined LTV — through a HELOC, a fixed home equity loan, or a cash-out refinance.
In Indiana, the cheapest way to tap equity is usually a second lien (HELOC/home equity loan) if your current mortgage rate is low; a cash-out refinance replaces the whole loan at 80% LTV.
Accessible equity by Indiana county
| County | Est. Value | Equity at 85% CLTV |
|---|---|---|
| Marion County | $235,000 | $70,750 |
| Lake County | $210,000 | $62,500 |
| Allen County | $230,000 | $68,500 |
| Hamilton County | $400,000 | $120,000 |
| St. Joseph County | $245,000 | $73,250 |
| Elkhart County | $245,000 | $73,250 |
| Tippecanoe County | $245,000 | $73,250 |
| Vanderburgh County | $245,000 | $73,250 |
| Porter County | $245,000 | $73,250 |
| Hendricks County | $245,000 | $73,250 |
| Johnson County | $245,000 | $73,250 |
| Madison County | $245,000 | $73,250 |
| Clark County | $245,000 | $73,250 |
| Delaware County | $245,000 | $73,250 |
| Monroe County | $245,000 | $73,250 |
| Vigo County | $245,000 | $73,250 |
| LaPorte County | $245,000 | $73,250 |
| Howard County | $245,000 | $73,250 |
| Hancock County | $245,000 | $73,250 |
| Bartholomew County | $245,000 | $73,250 |
| Warrick County | $245,000 | $73,250 |
| Boone County | $245,000 | $73,250 |
| Morgan County | $245,000 | $73,250 |
| Wayne County | $245,000 | $73,250 |
| Floyd County | $245,000 | $73,250 |
| Marshall County | $245,000 | $73,250 |
| Kosciusko County | $245,000 | $73,250 |
| Dearborn County | $245,000 | $73,250 |
How to tap equity in Indiana
Start with your numbers: home value minus what you owe, capped at 85% of value. Then pick the tool — a revolving HELOC for flexible access, a fixed home equity loan for a lump sum, or a cash-out refinance if a new first-mortgage rate beats your current one. Compare two or three lenders, since margins and fees vary.
See How Much Equity You Can Tap
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Frequently Asked Questions
- How much home equity can I tap in Indiana?
- On a $245,000 home with a $135,000 balance, about $73,250 at 85% CLTV. Your exact limit depends on the lender, your credit, and the appraisal.
- Is a HELOC or cash-out better in Indiana?
- If your first mortgage rate is low, a HELOC or home equity loan is usually cheaper because it keeps that rate. A cash-out refinance only wins when today's rate beats your current one.