Market Overview
Home Prices in Gas City, IN
The median home value in Gas City, IN is $163,801 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.9% compared to a year ago and up 7.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gas City are priced60% below average. Gas City is part of the Marion, IN metro area.
Over the past five years, Gas City home values have risen by approximately38.1%, reflecting strong long-term appreciation in this market.
Price History
Gas City Home Price Trend
City Comparison
Gas City vs. National Median
At $163,801, homes in Gas City cost 60% below the national median of $410,000. This makes Gas City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gas City?
20% Down Payment
$32,760
on $163,801
Monthly P&I
$854/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,085/mo
incl. taxes & insurance
Income Needed
$43,400
gross annual (30% rule)
10% Down Option
$16,380
+ PMI applies
Loan Amount (20% dn)
$131,041
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 Gas City, IN?
The median home value in Gas City is $163,801 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.9% year-over-year.
How much have home prices changed in Gas City?
Over the past year, home values in Gas City have increased by 3.9%. Over five years, prices have risen approximately 38.1%.
How much do I need to earn to buy a home in Gas City?
To comfortably afford the median home price of $163,801 with a 20% down payment ($32,760) at today's rates (6.8%), you'd need a gross annual income of approximately $43,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Gas City compare to the national average home price?
The national median home value is approximately $410,000. At $163,801, homes in Gas City are 60% below the national average.
What metro area is Gas City part of?
Gas City is part of the Marion, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.