At Olthof Homes, we understand that one of the biggest questions today’s homebuyers have is: “How much does it cost to build a new home?” The answer depends on your preferences, location, and lifestyle, but what never changes is our commitment to helping you get the best value for your investment. As a family-owned homebuilder since 1961, we’ve been inspiring better living for generations by crafting beautiful, energy-efficient homes across Central Indiana.

In this blog, we’ll break down what influences the cost of our new homes in Indianapolis, Fort Wayne and Central Indiana, what you can expect when building with Olthof Homes, and how our current financing incentives can make your dream home more affordable than you think.

1. Understanding the Cost of Building a New Home in Indianapolis

Building a new home in Indianapolis, IN typically ranges from the mid-$200s to the $500s, depending on the community, floor plan, and design options you choose. At Olthof Homes, we offer a variety of home types—from low-maintenance paired villas and townhomes to spacious single-family homes—across some of the most desirable suburbs, including Brownsburg, Greenfield, Cumberland, Westfield, Plainfield, and more.

Our goal is to deliver lasting value through quality craftsmanship, modern layouts, and energy-efficient construction, all while keeping affordability in mind. When you build with Olthof Homes, you’re investing in a thoughtfully designed home built to fit your lifestyle and future.

2. The Benefits of Building with Olthof Homes

Unlike traditional custom home builders, Olthof Homes simplifies the process of building a new construction home in Indianapolis. You don’t need a costly construction loan or confusing financing terms—we make it easy from start to finish.

Our Sales Professionals work directly with trusted lender partners who help buyers understand every step, from rate buydowns to closing costs and escrow details. Whether you’re a first-time homebuyer or ready to upgrade, we’ll help you find the best path toward affordable homeownership. 

3. Save Big with Our “Season of Savings” Incentives

Right now, we’re making it even easier to buy your new home in Indianapolis with our Season of Savings Event.

You can choose between:

• Up to $25,000 Your Way — Use it toward your home price, rate buydown, or closing costs.

OR

• A low 4.99% (5.76% APR) interest rate on select homes when financing with our preferred lender partners.

With interest rates and home prices fluctuating, this is the perfect opportunity to leverage your buying power and secure the best possible deal on your new home. Our lender partners also offer a range of financing options, including Permanent 30-Year Buydowns, 3-2-1 Mortgage Rate Buydowns, and Adjustable Rate Mortgages, all designed to help you lower your monthly payment and get more home for your money.

4. Why Indianapolis is the Perfect Place to Call Home

Beyond affordability, Indianapolis offers one of the most livable and thriving housing markets in the Midwest. With a low cost of living, top-rated schools, and a vibrant job market, it’s easy to see why so many families are building new homes here.

Whether you’re drawn to the arts and entertainment scene downtown, the strong community feel of suburban areas like Westfield or Brownsburg, or the balance of nature and convenience in Greenfield and Plainfield, Olthof Homes builds in communities that reflect the best of Indiana living.

5. Experience the Olthof Homes Difference

When you build with Olthof Homes, you’re working with a team that has deep roots in Indiana and over 60 years of expertise. We’re more than a builder; we’re your neighbors, dedicated to helping you create a home where you can thrive for years to come.

Our new homes in Indianapolis, Northwest Indiana and Fort Wayne combine thoughtful floor plans, modern features, and quality you can trust. From personalized design selections to energy-efficient construction, every detail reflects our promise to inspire better living.

Build Your New Home in Indianapolis Today

The cost to build a new home in Indianapolis depends on your vision, but with Olthof Homes, it’s always a smart investment. Take advantage of our Season of Savings offers and discover how easy it is to build a beautiful, affordable new home in one of our vibrant Indianapolis-area communities.

Contact us today at (219) 327-4770 or fill out our online form to start your journey. With Olthof Homes, you’ll get a better home, at a better price, with a better rate.

Inspiring Better Living. Family-Owned Since 1961.

*Some restrictions apply. All terms are subject to change without notice. Equal Housing Opportunity.