Market Overview
Home Prices in Bunker Hill, IN
The median home value in Bunker Hill, IN is $200,218 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.7% compared to a year ago and up 6.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bunker Hill are priced51% below average. Bunker Hill is part of the Peru, IN metro area.
Over the past five years, Bunker Hill home values have risen by approximately34.0%, reflecting strong long-term appreciation in this market.
Price History
Bunker Hill Home Price Trend
City Comparison
Bunker Hill vs. National Median
At $200,218, homes in Bunker Hill cost 51% below the national median of $410,000. This makes Bunker Hill a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Bunker Hill?
20% Down Payment
$40,044
on $200,218
Monthly P&I
$1,044/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,326/mo
incl. taxes & insurance
Income Needed
$53,040
gross annual (30% rule)
10% Down Option
$20,022
+ PMI applies
Loan Amount (20% dn)
$160,174
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 Bunker Hill, IN?
The median home value in Bunker Hill is $200,218 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.7% year-over-year.
How much have home prices changed in Bunker Hill?
Over the past year, home values in Bunker Hill have increased by 6.7%. Over five years, prices have risen approximately 34.0%.
How much do I need to earn to buy a home in Bunker Hill?
To comfortably afford the median home price of $200,218 with a 20% down payment ($40,044) at today's rates (6.8%), you'd need a gross annual income of approximately $53,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Bunker Hill compare to the national average home price?
The national median home value is approximately $410,000. At $200,218, homes in Bunker Hill are 51% below the national average.
What metro area is Bunker Hill part of?
Bunker Hill is part of the Peru, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.