Market Overview
Home Prices in Economy, IN
The median home value in Economy, IN is $269,244 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.2% compared to a year ago and up 5.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Economy are priced34% below average. Economy is part of the Richmond, IN metro area.
Over the past five years, Economy home values have risen by approximately49.1%, reflecting strong long-term appreciation in this market.
Price History
Economy Home Price Trend
City Comparison
Economy vs. National Median
At $269,244, homes in Economy cost 34% below the national median of $410,000. This makes Economy a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Economy?
20% Down Payment
$53,849
on $269,244
Monthly P&I
$1,404/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,783/mo
incl. taxes & insurance
Income Needed
$71,320
gross annual (30% rule)
10% Down Option
$26,924
+ PMI applies
Loan Amount (20% dn)
$215,395
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 Economy, IN?
The median home value in Economy is $269,244 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 Economy?
Over the past year, home values in Economy have increased by 7.2%. Over five years, prices have risen approximately 49.1%.
How much do I need to earn to buy a home in Economy?
To comfortably afford the median home price of $269,244 with a 20% down payment ($53,849) at today's rates (6.8%), you'd need a gross annual income of approximately $71,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Economy compare to the national average home price?
The national median home value is approximately $410,000. At $269,244, homes in Economy are 34% below the national average.
What metro area is Economy part of?
Economy is part of the Richmond, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.