Market Overview
Home Prices in Butler, IN
The median home value in Butler, IN is $212,243 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7% compared to a year ago and up 5.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Butler are priced48% below average. Butler is part of the Auburn, IN metro area.
Over the past five years, Butler home values have risen by approximately42.1%, reflecting strong long-term appreciation in this market.
Price History
Butler Home Price Trend
2020
$131,302
$131K
—
2021
$149,359
$149K
+13.8%
2022
$168,372
$168K
+12.7%
2023
$172,282
$172K
+2.3%
2024
$187,594
$188K
+8.9%
2025
$198,365
$198K
+5.7%
2026
$212,243
$212K
+7.0%
City Comparison
Butler vs. National Median
🏠 Butler
$212,243
National Median
$410,000
At $212,243, homes in Butler cost 48% below the national median of $410,000. This makes Butler a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Butler?
20% Down Payment
$42,449
on $212,243
Monthly P&I
$1,107/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,406/mo
incl. taxes & insurance
Income Needed
$56,240
gross annual (30% rule)
10% Down Option
$21,224
+ PMI applies
Loan Amount (20% dn)
$169,794
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 Butler, IN?
The median home value in Butler is $212,243 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7% year-over-year.
How much have home prices changed in Butler?
Over the past year, home values in Butler have increased by 7%. Over five years, prices have risen approximately 42.1%.
How much do I need to earn to buy a home in Butler?
To comfortably afford the median home price of $212,243 with a 20% down payment ($42,449) at today's rates (6.8%), you'd need a gross annual income of approximately $56,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Butler compare to the national average home price?
The national median home value is approximately $410,000. At $212,243, homes in Butler are 48% below the national average.
What metro area is Butler part of?
Butler is part of the Auburn, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.