Market Overview
Home Prices in Dyer, IN
The median home value in Dyer, IN is $365,114 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.9% compared to a year ago and up 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Dyer are priced11% below average. Dyer is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Dyer home values have risen by approximately18.4%, reflecting steady appreciation in this market.
Price History
Dyer Home Price Trend
City Comparison
Dyer vs. National Median
At $365,114, homes in Dyer cost 11% below the national median of $410,000. This makes Dyer a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Dyer?
20% Down Payment
$73,023
on $365,114
Monthly P&I
$1,904/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,418/mo
incl. taxes & insurance
Income Needed
$96,720
gross annual (30% rule)
10% Down Option
$36,511
+ PMI applies
Loan Amount (20% dn)
$292,091
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 Dyer, IN?
The median home value in Dyer is $365,114 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.9% year-over-year.
How much have home prices changed in Dyer?
Over the past year, home values in Dyer have increased by 1.9%. Over five years, prices have risen approximately 18.4%.
How much do I need to earn to buy a home in Dyer?
To comfortably afford the median home price of $365,114 with a 20% down payment ($73,023) at today's rates (6.8%), you'd need a gross annual income of approximately $96,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Dyer compare to the national average home price?
The national median home value is approximately $410,000. At $365,114, homes in Dyer are 11% below the national average.
What metro area is Dyer part of?
Dyer is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.