Market Overview
Home Prices in Hamlet, IN
The median home value in Hamlet, IN is $212,032 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.3% compared to a year ago and up 4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hamlet are priced48% below average. Hamlet is part of the Michigan City-La Porte, IN metro area.
Over the past five years, Hamlet home values have risen by approximately37.8%, reflecting strong long-term appreciation in this market.
Price History
Hamlet Home Price Trend
City Comparison
Hamlet vs. National Median
At $212,032, homes in Hamlet cost 48% below the national median of $410,000. This makes Hamlet a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hamlet?
20% Down Payment
$42,406
on $212,032
Monthly P&I
$1,106/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,405/mo
incl. taxes & insurance
Income Needed
$56,200
gross annual (30% rule)
10% Down Option
$21,203
+ PMI applies
Loan Amount (20% dn)
$169,626
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 Hamlet, IN?
The median home value in Hamlet is $212,032 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.3% year-over-year.
How much have home prices changed in Hamlet?
Over the past year, home values in Hamlet have increased by 2.3%. Over five years, prices have risen approximately 37.8%.
How much do I need to earn to buy a home in Hamlet?
To comfortably afford the median home price of $212,032 with a 20% down payment ($42,406) at today's rates (6.8%), you'd need a gross annual income of approximately $56,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Hamlet compare to the national average home price?
The national median home value is approximately $410,000. At $212,032, homes in Hamlet are 48% below the national average.
What metro area is Hamlet part of?
Hamlet is part of the Michigan City-La Porte, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.