Market Overview
Home Prices in Elberfeld, IN
The median home value in Elberfeld, IN is $295,261 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.9% compared to a year ago and up 4.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elberfeld are priced28% below average. Elberfeld is part of the Evansville, IN-KY metro area.
Over the past five years, Elberfeld home values have risen by approximately34.6%, reflecting strong long-term appreciation in this market.
Price History
Elberfeld Home Price Trend
City Comparison
Elberfeld vs. National Median
At $295,261, homes in Elberfeld cost 28% below the national median of $410,000. This makes Elberfeld a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elberfeld?
20% Down Payment
$59,052
on $295,261
Monthly P&I
$1,540/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,956/mo
incl. taxes & insurance
Income Needed
$78,240
gross annual (30% rule)
10% Down Option
$29,526
+ PMI applies
Loan Amount (20% dn)
$236,209
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 Elberfeld, IN?
The median home value in Elberfeld is $295,261 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.9% year-over-year.
How much have home prices changed in Elberfeld?
Over the past year, home values in Elberfeld have increased by 6.9%. Over five years, prices have risen approximately 34.6%.
How much do I need to earn to buy a home in Elberfeld?
To comfortably afford the median home price of $295,261 with a 20% down payment ($59,052) at today's rates (6.8%), you'd need a gross annual income of approximately $78,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Elberfeld compare to the national average home price?
The national median home value is approximately $410,000. At $295,261, homes in Elberfeld are 28% below the national average.
What metro area is Elberfeld part of?
Elberfeld is part of the Evansville, IN-KY metropolitan area. Home prices and market conditions can vary across the broader metro region.