Market Overview
Home Prices in Advance, IN
The median home value in Advance, IN is $217,249 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.3% compared to a year ago and up 1.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Advance are priced47% below average. Advance is part of the Indianapolis-Carmel-Anderson, IN metro area.
Over the past five years, Advance home values have risen by approximately40.5%, reflecting strong long-term appreciation in this market.
Price History
Advance Home Price Trend
City Comparison
Advance vs. National Median
At $217,249, homes in Advance cost 47% below the national median of $410,000. This makes Advance a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Advance?
20% Down Payment
$43,450
on $217,249
Monthly P&I
$1,133/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,439/mo
incl. taxes & insurance
Income Needed
$57,560
gross annual (30% rule)
10% Down Option
$21,725
+ PMI applies
Loan Amount (20% dn)
$173,799
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Advance, IN?
The median home value in Advance is $217,249 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.3% year-over-year.
How much have home prices changed in Advance?
Over the past year, home values in Advance have increased by 1.3%. Over five years, prices have risen approximately 40.5%.
How much do I need to earn to buy a home in Advance?
To comfortably afford the median home price of $217,249 with a 20% down payment ($43,450) at today's rates (6.8%), you'd need a gross annual income of approximately $57,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Advance compare to the national average home price?
The national median home value is approximately $410,000. At $217,249, homes in Advance are 47% below the national average.
What metro area is Advance part of?
Advance is part of the Indianapolis-Carmel-Anderson, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.