Market Overview
Home Prices in Butlerville, IN
The median home value in Butlerville, IN is $231,949 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.5% compared to a year ago and up 2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Butlerville are priced43% below average. Butlerville is part of the North Vernon, IN metro area.
Over the past five years, Butlerville home values have risen by approximately42.2%, reflecting strong long-term appreciation in this market.
Price History
Butlerville Home Price Trend
City Comparison
Butlerville vs. National Median
At $231,949, homes in Butlerville cost 43% below the national median of $410,000. This makes Butlerville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Butlerville?
20% Down Payment
$46,390
on $231,949
Monthly P&I
$1,210/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,537/mo
incl. taxes & insurance
Income Needed
$61,480
gross annual (30% rule)
10% Down Option
$23,195
+ PMI applies
Loan Amount (20% dn)
$185,559
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 Butlerville, IN?
The median home value in Butlerville is $231,949 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.5% year-over-year.
How much have home prices changed in Butlerville?
Over the past year, home values in Butlerville have increased by 7.5%. Over five years, prices have risen approximately 42.2%.
How much do I need to earn to buy a home in Butlerville?
To comfortably afford the median home price of $231,949 with a 20% down payment ($46,390) at today's rates (6.8%), you'd need a gross annual income of approximately $61,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Butlerville compare to the national average home price?
The national median home value is approximately $410,000. At $231,949, homes in Butlerville are 43% below the national average.
What metro area is Butlerville part of?
Butlerville is part of the North Vernon, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.