Market Overview
Home Prices in Fairland, IN
The median home value in Fairland, IN is $277,906 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.4% compared to a year ago and up 4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fairland are priced32% below average. Fairland is part of the Indianapolis-Carmel-Anderson, IN metro area.
Over the past five years, Fairland home values have risen by approximately31.0%, reflecting strong long-term appreciation in this market.
Price History
Fairland Home Price Trend
City Comparison
Fairland vs. National Median
At $277,906, homes in Fairland cost 32% below the national median of $410,000. This makes Fairland a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fairland?
20% Down Payment
$55,581
on $277,906
Monthly P&I
$1,449/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,840/mo
incl. taxes & insurance
Income Needed
$73,600
gross annual (30% rule)
10% Down Option
$27,791
+ PMI applies
Loan Amount (20% dn)
$222,325
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 Fairland, IN?
The median home value in Fairland is $277,906 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.4% year-over-year.
How much have home prices changed in Fairland?
Over the past year, home values in Fairland have increased by 0.4%. Over five years, prices have risen approximately 31.0%.
How much do I need to earn to buy a home in Fairland?
To comfortably afford the median home price of $277,906 with a 20% down payment ($55,581) at today's rates (6.8%), you'd need a gross annual income of approximately $73,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Fairland compare to the national average home price?
The national median home value is approximately $410,000. At $277,906, homes in Fairland are 32% below the national average.
What metro area is Fairland part of?
Fairland is part of the Indianapolis-Carmel-Anderson, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.