Market Overview
Home Prices in Crane, IN
The median home value in Crane, IN is $229,565 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.9% compared to a year ago and up 5.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Crane are priced44% below average. Crane is part of the Washington, IN metro area.
Over the past five years, Crane home values have risen by approximately40.4%, reflecting strong long-term appreciation in this market.
Price History
Crane Home Price Trend
2020
$131,532
$132K
—
2021
$163,551
$164K
+24.3%
2022
$190,742
$191K
+16.6%
2023
$199,617
$200K
+4.7%
2024
$206,056
$206K
+3.2%
2025
$216,804
$217K
+5.2%
2026
$229,565
$230K
+5.9%
City Comparison
Crane vs. National Median
🏠 Crane
$229,565
National Median
$410,000
At $229,565, homes in Crane cost 44% below the national median of $410,000. This makes Crane a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Crane?
20% Down Payment
$45,913
on $229,565
Monthly P&I
$1,197/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,520/mo
incl. taxes & insurance
Income Needed
$60,800
gross annual (30% rule)
10% Down Option
$22,957
+ PMI applies
Loan Amount (20% dn)
$183,652
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 Crane, IN?
The median home value in Crane is $229,565 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.9% year-over-year.
How much have home prices changed in Crane?
Over the past year, home values in Crane have increased by 5.9%. Over five years, prices have risen approximately 40.4%.
How much do I need to earn to buy a home in Crane?
To comfortably afford the median home price of $229,565 with a 20% down payment ($45,913) at today's rates (6.8%), you'd need a gross annual income of approximately $60,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Crane compare to the national average home price?
The national median home value is approximately $410,000. At $229,565, homes in Crane are 44% below the national average.
What metro area is Crane part of?
Crane is part of the Washington, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.