Indianola is a ghost town located on Matagorda Bay in Calhoun County, Texas, United States. The community, once the county seat of Calhoun County, is a part of the Victoria, Texas, Metropolitan Statistical Area. In 1875, the city had a population of 5,000, but on September 15 of that year, a powerful hurricane struck, killing between 150 and 300 and almost …Indianola is a ghost town located on Matagorda Bay in Calhoun County, Texas, United States. The community, once the county seat of Calhoun County, is a part of the Victoria, Texas, Metropolitan Statistical Area. In 1875, the city had a population of 5,000, but on September 15 of that year, a powerful hurricane struck, killing between 150 and 300 and almost destroying the town. Indianola was rebuilt, only to be wiped out on August 19, 1886, by another intense hurricane followed by a fire. Indianola was designated a Recorded Texas Historic Landmark in 1963, marker number 2642.