Market Overview
Home Prices in Carbon, IN
The median home value in Carbon, IN is $184,874 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.2% compared to a year ago and up 1.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Carbon are priced55% below average. Carbon is part of the Terre Haute, IN metro area.
Over the past five years, Carbon home values have risen by approximately39.2%, reflecting strong long-term appreciation in this market.
Price History
Carbon Home Price Trend
City Comparison
Carbon vs. National Median
At $184,874, homes in Carbon cost 55% below the national median of $410,000. This makes Carbon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Carbon?
20% Down Payment
$36,975
on $184,874
Monthly P&I
$964/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,224/mo
incl. taxes & insurance
Income Needed
$48,960
gross annual (30% rule)
10% Down Option
$18,487
+ PMI applies
Loan Amount (20% dn)
$147,899
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 Carbon, IN?
The median home value in Carbon is $184,874 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.2% year-over-year.
How much have home prices changed in Carbon?
Over the past year, home values in Carbon have increased by 7.2%. Over five years, prices have risen approximately 39.2%.
How much do I need to earn to buy a home in Carbon?
To comfortably afford the median home price of $184,874 with a 20% down payment ($36,975) at today's rates (6.8%), you'd need a gross annual income of approximately $48,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Carbon compare to the national average home price?
The national median home value is approximately $410,000. At $184,874, homes in Carbon are 55% below the national average.
What metro area is Carbon part of?
Carbon is part of the Terre Haute, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.