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Why Live in Bedford

Bedford, Indiana, known as the Limestone Capital of the World, boasts a rich history of limestone quarrying dating back to the 1890s. This limestone has been used in iconic structures such as the Pentagon and the Empire State Building. The city, with a population of over 13,000, offers various amenities and attractions for residents and visitors alike. Downtown Bedford features Courthouse Square, where historic limestone buildings house restaurants, boutiques, and shops. The Town Fair Center on the western side provides supermarkets, box stores, and fast-food chains. Recreational options include Otis Park Golf Course, which offers golf, disc golf, and soccer facilities, and the John Lowery Municipal Pool at Thorton Park, open from Memorial Day to Labor Day. The Milwaukee Road Transportation Trailway, a 10-mile rail trail, is ideal for walking and biking. Housing in Bedford ranges from historic traditional homes and American Foursquares to contemporary bungalows and ranch-style homes, with a median price of $200,000, significantly lower than the national average. The city has lower crime rates compared to national and state levels. Bedford's public school district, North Lawrence Community Schools, serves the county with five elementary schools, one middle school, and one high school. Annual events like the Limestone Heritage Festival in June and Christmas Around the Square in December celebrate the city's heritage and community spirit. Major roads such as 16th Street, Highway 50, and Indiana Route 37 facilitate easy access within Bedford and to surrounding areas. Residents may hear trains passing through the city, and regular street maintenance ensures clear roads during winter and spring.

Frequently Asked Questions

How much does it cost to rent a home in Bedford, IN?
The median rent for a home in Bedford, IN is $850 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Bedford, IN?
To comfortably afford the median rent in Bedford, IN, a household needs to earn roughly $34,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $850 per month in Bedford, IN, renters typically need to show $2,550 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Bedford, IN?
In Bedford, IN, the price-to-rent ratio is 19.1, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Median Rent
$850
Median Single Family Home Rent
$1,200
Median Condo Rent
$840
How to Rent a Home