Market Overview
Home Prices in Mexico, IN
The median home value in Mexico, IN is $162,182 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.5% compared to a year ago and up 7.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mexico are priced60% below average. Mexico is part of the Peru, IN metro area.
Over the past five years, Mexico home values have risen by approximately42.5%, reflecting strong long-term appreciation in this market.
Price History
Mexico Home Price Trend
2020
$98,240
$98K
—
2021
$113,833
$114K
+15.9%
2022
$126,855
$127K
+11.4%
2023
$132,595
$133K
+4.5%
2024
$142,501
$143K
+7.5%
2025
$153,788
$154K
+7.9%
2026
$162,182
$162K
+5.5%
City Comparison
Mexico vs. National Median
🏠 Mexico
$162,182
National Median
$410,000
At $162,182, homes in Mexico cost 60% below the national median of $410,000. This makes Mexico a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mexico?
20% Down Payment
$32,436
on $162,182
Monthly P&I
$846/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,074/mo
incl. taxes & insurance
Income Needed
$42,960
gross annual (30% rule)
10% Down Option
$16,218
+ PMI applies
Loan Amount (20% dn)
$129,746
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 Mexico, IN?
The median home value in Mexico is $162,182 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.5% year-over-year.
How much have home prices changed in Mexico?
Over the past year, home values in Mexico have increased by 5.5%. Over five years, prices have risen approximately 42.5%.
How much do I need to earn to buy a home in Mexico?
To comfortably afford the median home price of $162,182 with a 20% down payment ($32,436) at today's rates (6.8%), you'd need a gross annual income of approximately $42,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Mexico compare to the national average home price?
The national median home value is approximately $410,000. At $162,182, homes in Mexico are 60% below the national average.
What metro area is Mexico part of?
Mexico is part of the Peru, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.