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Homestead Exemption Laws in Indiana

Indiana protects up to $22,750 of equity in the debtor's residence, the amount set by the Department of Financial Institutions from March 1, 2022 in place of the $15,000 written in the statute, with no acreage limit.

Last checked . General information, not legal advice.

Indiana at a glance

Exemption amount
$22,750
Set by 750 IAC 1-1-1 from March 1, 2022, next adjusted by March 1, 2028; the statute prints $15,000.
Unlimited in value
No
Acreage limit
No acreage limit
IC 34-55-10-2(c)(1) limits the exemption by value only.

Sources

Last checked

The rules in Indiana

How much home equity does the homestead exemption protect in Indiana?

Exemption amount in Indiana: $22,750. Set by 750 IAC 1-1-1 from March 1, 2022, next adjusted by March 1, 2028; the statute prints $15,000.

Is the homestead exemption unlimited in value in Indiana?

No. Unlimited in value in Indiana: no.

Is there an acreage limit on the homestead exemption in Indiana?

Acreage limit in Indiana: No acreage limit. IC 34-55-10-2(c)(1) limits the exemption by value only.

Where do the Indiana homestead exemption laws come from?

The rules above come from Ind. Code 34-55-10-2(c)(1), Ind. Code 34-55-10-2.5 and 750 IAC 1-1-1. Each source is linked on this page. We last checked them in October 2026.

Good to know

The exemption is individually available to joint debtors for property held as tenants by the entireties.

What this means in practice

The exemption applies to equity, not to the full value of the home. Equity is the market value minus the mortgages and other liens on the property. A lender that holds a mortgage on the home, and certain other claims such as taxes on the property, can usually still be enforced against it regardless of the exemption.

Check whether you need to take a step to claim the protection. Some states protect a home automatically once it is your residence, while others require you to record a homestead declaration with the county or to claim the exemption in court when a creditor tries to collect.

In bankruptcy, federal law can limit a state homestead exemption for a home bought within a set period before the filing, and residency rules decide which state's exemptions apply if you moved recently. Some states also let filers choose the federal bankruptcy exemptions instead of the state list. A bankruptcy attorney can confirm which rules apply to your situation.

General information, not legal advice. Laws change, and cities can add their own rules, so check the current statute before you rely on it.