Market Overview
Home Prices in Manilla, IN
The median home value in Manilla, IN is $235,059 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.6% compared to a year ago and up 8.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Manilla are priced43% below average. Manilla is part of the Indianapolis-Carmel-Anderson, IN metro area.
Over the past five years, Manilla home values have risen by approximately40.2%, reflecting strong long-term appreciation in this market.
Price History
Manilla Home Price Trend
City Comparison
Manilla vs. National Median
At $235,059, homes in Manilla cost 43% below the national median of $410,000. This makes Manilla a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Manilla?
20% Down Payment
$47,012
on $235,059
Monthly P&I
$1,226/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,557/mo
incl. taxes & insurance
Income Needed
$62,280
gross annual (30% rule)
10% Down Option
$23,506
+ PMI applies
Loan Amount (20% dn)
$188,047
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 Manilla, IN?
The median home value in Manilla is $235,059 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.6% year-over-year.
How much have home prices changed in Manilla?
Over the past year, home values in Manilla have increased by 3.6%. Over five years, prices have risen approximately 40.2%.
How much do I need to earn to buy a home in Manilla?
To comfortably afford the median home price of $235,059 with a 20% down payment ($47,012) at today's rates (6.8%), you'd need a gross annual income of approximately $62,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Manilla compare to the national average home price?
The national median home value is approximately $410,000. At $235,059, homes in Manilla are 43% below the national average.
What metro area is Manilla part of?
Manilla is part of the Indianapolis-Carmel-Anderson, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.