Market Overview
Home Prices in Flat Rock, IN
The median home value in Flat Rock, IN is $260,640 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.9% compared to a year ago and up 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Flat Rock are priced36% below average. Flat Rock is part of the Indianapolis-Carmel-Anderson, IN metro area.
Over the past five years, Flat Rock home values have risen by approximately35.6%, reflecting strong long-term appreciation in this market.
Price History
Flat Rock Home Price Trend
City Comparison
Flat Rock vs. National Median
At $260,640, homes in Flat Rock cost 36% below the national median of $410,000. This makes Flat Rock a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Flat Rock?
20% Down Payment
$52,128
on $260,640
Monthly P&I
$1,359/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,726/mo
incl. taxes & insurance
Income Needed
$69,040
gross annual (30% rule)
10% Down Option
$26,064
+ PMI applies
Loan Amount (20% dn)
$208,512
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 Flat Rock, IN?
The median home value in Flat Rock is $260,640 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.9% year-over-year.
How much have home prices changed in Flat Rock?
Over the past year, home values in Flat Rock have increased by 0.9%. Over five years, prices have risen approximately 35.6%.
How much do I need to earn to buy a home in Flat Rock?
To comfortably afford the median home price of $260,640 with a 20% down payment ($52,128) at today's rates (6.8%), you'd need a gross annual income of approximately $69,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Flat Rock compare to the national average home price?
The national median home value is approximately $410,000. At $260,640, homes in Flat Rock are 36% below the national average.
What metro area is Flat Rock part of?
Flat Rock is part of the Indianapolis-Carmel-Anderson, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.