Market Overview
Home Prices in Macy, IN
The median home value in Macy, IN is $189,968 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.2% compared to a year ago and up 6.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Macy are priced54% below average. Macy is part of the Peru, IN metro area.
Over the past five years, Macy home values have risen by approximately31.5%, reflecting strong long-term appreciation in this market.
Price History
Macy Home Price Trend
2020
$119,597
$120K
—
2021
$144,447
$144K
+20.8%
2022
$165,672
$166K
+14.7%
2023
$163,884
$164K
-1.1%
2024
$170,857
$171K
+4.3%
2025
$182,377
$182K
+6.7%
2026
$189,968
$190K
+4.2%
City Comparison
Macy vs. National Median
🏠 Macy
$189,968
National Median
$410,000
At $189,968, homes in Macy cost 54% below the national median of $410,000. This makes Macy a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Macy?
20% Down Payment
$37,994
on $189,968
Monthly P&I
$991/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,259/mo
incl. taxes & insurance
Income Needed
$50,360
gross annual (30% rule)
10% Down Option
$18,997
+ PMI applies
Loan Amount (20% dn)
$151,974
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 Macy, IN?
The median home value in Macy is $189,968 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.2% year-over-year.
How much have home prices changed in Macy?
Over the past year, home values in Macy have increased by 4.2%. Over five years, prices have risen approximately 31.5%.
How much do I need to earn to buy a home in Macy?
To comfortably afford the median home price of $189,968 with a 20% down payment ($37,994) at today's rates (6.8%), you'd need a gross annual income of approximately $50,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Macy compare to the national average home price?
The national median home value is approximately $410,000. At $189,968, homes in Macy are 54% below the national average.
What metro area is Macy part of?
Macy is part of the Peru, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.