Market Overview
Home Prices in Ellettsville, IN
The median home value in Ellettsville, IN is $280,938 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.1% compared to a year ago and up 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ellettsville are priced31% below average. Ellettsville is part of the Bloomington, IN metro area.
Over the past five years, Ellettsville home values have risen by approximately25.2%, reflecting strong long-term appreciation in this market.
Price History
Ellettsville Home Price Trend
City Comparison
Ellettsville vs. National Median
At $280,938, homes in Ellettsville cost 31% below the national median of $410,000. This makes Ellettsville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ellettsville?
20% Down Payment
$56,188
on $280,938
Monthly P&I
$1,465/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,861/mo
incl. taxes & insurance
Income Needed
$74,440
gross annual (30% rule)
10% Down Option
$28,094
+ PMI applies
Loan Amount (20% dn)
$224,750
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 Ellettsville, IN?
The median home value in Ellettsville is $280,938 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.1% year-over-year.
How much have home prices changed in Ellettsville?
Over the past year, home values in Ellettsville have increased by 2.1%. Over five years, prices have risen approximately 25.2%.
How much do I need to earn to buy a home in Ellettsville?
To comfortably afford the median home price of $280,938 with a 20% down payment ($56,188) at today's rates (6.8%), you'd need a gross annual income of approximately $74,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Ellettsville compare to the national average home price?
The national median home value is approximately $410,000. At $280,938, homes in Ellettsville are 31% below the national average.
What metro area is Ellettsville part of?
Ellettsville is part of the Bloomington, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.