Market Overview
Home Prices in Francesville, IN
The median home value in Francesville, IN is $215,232 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.7% compared to a year ago and up 6.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Francesville are priced48% below average. Francesville is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Francesville home values have risen by approximately40.7%, reflecting strong long-term appreciation in this market.
Price History
Francesville Home Price Trend
City Comparison
Francesville vs. National Median
At $215,232, homes in Francesville cost 48% below the national median of $410,000. This makes Francesville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Francesville?
20% Down Payment
$43,046
on $215,232
Monthly P&I
$1,123/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,426/mo
incl. taxes & insurance
Income Needed
$57,040
gross annual (30% rule)
10% Down Option
$21,523
+ PMI applies
Loan Amount (20% dn)
$172,186
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 Francesville, IN?
The median home value in Francesville is $215,232 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.7% year-over-year.
How much have home prices changed in Francesville?
Over the past year, home values in Francesville have increased by 1.7%. Over five years, prices have risen approximately 40.7%.
How much do I need to earn to buy a home in Francesville?
To comfortably afford the median home price of $215,232 with a 20% down payment ($43,046) at today's rates (6.8%), you'd need a gross annual income of approximately $57,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Francesville compare to the national average home price?
The national median home value is approximately $410,000. At $215,232, homes in Francesville are 48% below the national average.
What metro area is Francesville part of?
Francesville is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.