Market Overview
Home Prices in Boonville, IN
The median home value in Boonville, IN is $238,546 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.1% compared to a year ago and up 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Boonville are priced42% below average. Boonville is part of the Evansville, IN-KY metro area.
Over the past five years, Boonville home values have risen by approximately31.2%, reflecting strong long-term appreciation in this market.
Price History
Boonville Home Price Trend
City Comparison
Boonville vs. National Median
At $238,546, homes in Boonville cost 42% below the national median of $410,000. This makes Boonville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Boonville?
20% Down Payment
$47,709
on $238,546
Monthly P&I
$1,244/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,580/mo
incl. taxes & insurance
Income Needed
$63,200
gross annual (30% rule)
10% Down Option
$23,855
+ PMI applies
Loan Amount (20% dn)
$190,837
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 Boonville, IN?
The median home value in Boonville is $238,546 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.1% year-over-year.
How much have home prices changed in Boonville?
Over the past year, home values in Boonville have increased by 6.1%. Over five years, prices have risen approximately 31.2%.
How much do I need to earn to buy a home in Boonville?
To comfortably afford the median home price of $238,546 with a 20% down payment ($47,709) at today's rates (6.8%), you'd need a gross annual income of approximately $63,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Boonville compare to the national average home price?
The national median home value is approximately $410,000. At $238,546, homes in Boonville are 42% below the national average.
What metro area is Boonville part of?
Boonville is part of the Evansville, IN-KY metropolitan area. Home prices and market conditions can vary across the broader metro region.