Market Overview
Home Prices in Burns Harbor, IN
The median home value in Burns Harbor, IN is $323,057 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.1% compared to a year ago and up 2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Burns Harbor are priced21% below average. Burns Harbor is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Burns Harbor home values have risen by approximately24.4%, reflecting strong long-term appreciation in this market.
Price History
Burns Harbor Home Price Trend
City Comparison
Burns Harbor vs. National Median
At $323,057, homes in Burns Harbor cost 21% below the national median of $410,000. This makes Burns Harbor a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Burns Harbor?
20% Down Payment
$64,611
on $323,057
Monthly P&I
$1,685/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,140/mo
incl. taxes & insurance
Income Needed
$85,600
gross annual (30% rule)
10% Down Option
$32,306
+ PMI applies
Loan Amount (20% dn)
$258,446
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 Burns Harbor, IN?
The median home value in Burns Harbor is $323,057 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.1% year-over-year.
How much have home prices changed in Burns Harbor?
Over the past year, home values in Burns Harbor have increased by 2.1%. Over five years, prices have risen approximately 24.4%.
How much do I need to earn to buy a home in Burns Harbor?
To comfortably afford the median home price of $323,057 with a 20% down payment ($64,611) at today's rates (6.8%), you'd need a gross annual income of approximately $85,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Burns Harbor compare to the national average home price?
The national median home value is approximately $410,000. At $323,057, homes in Burns Harbor are 21% below the national average.
What metro area is Burns Harbor part of?
Burns Harbor is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.