Market Overview
Home Prices in Middlebury, IN
The median home value in Middlebury, IN is $389,417 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.3% compared to a year ago and up 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Middlebury are priced5% below average. Middlebury is part of the Elkhart-Goshen, IN metro area.
Over the past five years, Middlebury home values have risen by approximately32.3%, reflecting strong long-term appreciation in this market.
Price History
Middlebury Home Price Trend
City Comparison
Middlebury vs. National Median
At $389,417, homes in Middlebury cost 5% below the national median of $410,000. This makes Middlebury a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Middlebury?
20% Down Payment
$77,883
on $389,417
Monthly P&I
$2,031/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,579/mo
incl. taxes & insurance
Income Needed
$103,160
gross annual (30% rule)
10% Down Option
$38,942
+ PMI applies
Loan Amount (20% dn)
$311,534
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 Middlebury, IN?
The median home value in Middlebury is $389,417 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.3% year-over-year.
How much have home prices changed in Middlebury?
Over the past year, home values in Middlebury have increased by 7.3%. Over five years, prices have risen approximately 32.3%.
How much do I need to earn to buy a home in Middlebury?
To comfortably afford the median home price of $389,417 with a 20% down payment ($77,883) at today's rates (6.8%), you'd need a gross annual income of approximately $103,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Middlebury compare to the national average home price?
The national median home value is approximately $410,000. At $389,417, homes in Middlebury are 5% below the national average.
What metro area is Middlebury part of?
Middlebury is part of the Elkhart-Goshen, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.