Market Overview
Home Prices in Griffith, IN
The median home value in Griffith, IN is $252,948 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.4% compared to a year ago and up 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Griffith are priced38% below average. Griffith is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Griffith home values have risen by approximately26.6%, reflecting strong long-term appreciation in this market.
Price History
Griffith Home Price Trend
City Comparison
Griffith vs. National Median
At $252,948, homes in Griffith cost 38% below the national median of $410,000. This makes Griffith a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Griffith?
20% Down Payment
$50,590
on $252,948
Monthly P&I
$1,319/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,675/mo
incl. taxes & insurance
Income Needed
$67,000
gross annual (30% rule)
10% Down Option
$25,295
+ PMI applies
Loan Amount (20% dn)
$202,358
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 Griffith, IN?
The median home value in Griffith is $252,948 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.4% year-over-year.
How much have home prices changed in Griffith?
Over the past year, home values in Griffith have increased by 2.4%. Over five years, prices have risen approximately 26.6%.
How much do I need to earn to buy a home in Griffith?
To comfortably afford the median home price of $252,948 with a 20% down payment ($50,590) at today's rates (6.8%), you'd need a gross annual income of approximately $67,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Griffith compare to the national average home price?
The national median home value is approximately $410,000. At $252,948, homes in Griffith are 38% below the national average.
What metro area is Griffith part of?
Griffith is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.