Market Overview
Home Prices in Kennard, IN
The median home value in Kennard, IN is $155,167 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.1% compared to a year ago and down 4.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Kennard are priced62% below average. Kennard is part of the New Castle, IN metro area.
Over the past five years, Kennard home values have risen by approximately29.6%, reflecting strong long-term appreciation in this market.
Price History
Kennard Home Price Trend
City Comparison
Kennard vs. National Median
At $155,167, homes in Kennard cost 62% below the national median of $410,000. This makes Kennard a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Kennard?
20% Down Payment
$31,033
on $155,167
Monthly P&I
$809/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,027/mo
incl. taxes & insurance
Income Needed
$41,080
gross annual (30% rule)
10% Down Option
$15,517
+ PMI applies
Loan Amount (20% dn)
$124,134
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 Kennard, IN?
The median home value in Kennard is $155,167 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.1% year-over-year.
How much have home prices changed in Kennard?
Over the past year, home values in Kennard have increased by 3.1%. Over five years, prices have risen approximately 29.6%.
How much do I need to earn to buy a home in Kennard?
To comfortably afford the median home price of $155,167 with a 20% down payment ($31,033) at today's rates (6.8%), you'd need a gross annual income of approximately $41,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Kennard compare to the national average home price?
The national median home value is approximately $410,000. At $155,167, homes in Kennard are 62% below the national average.
What metro area is Kennard part of?
Kennard is part of the New Castle, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.