Market Overview
Home Prices in Middletown, IN
The median home value in Middletown, IN is $242,787 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.6% compared to a year ago and up 6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Middletown are priced41% below average. Middletown is part of the New Castle, IN metro area.
Over the past five years, Middletown home values have risen by approximately40.7%, reflecting strong long-term appreciation in this market.
Price History
Middletown Home Price Trend
City Comparison
Middletown vs. National Median
At $242,787, homes in Middletown cost 41% below the national median of $410,000. This makes Middletown a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Middletown?
20% Down Payment
$48,557
on $242,787
Monthly P&I
$1,266/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,608/mo
incl. taxes & insurance
Income Needed
$64,320
gross annual (30% rule)
10% Down Option
$24,279
+ PMI applies
Loan Amount (20% dn)
$194,230
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 Middletown, IN?
The median home value in Middletown is $242,787 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 Middletown?
Over the past year, home values in Middletown have increased by 3.6%. Over five years, prices have risen approximately 40.7%.
How much do I need to earn to buy a home in Middletown?
To comfortably afford the median home price of $242,787 with a 20% down payment ($48,557) at today's rates (6.8%), you'd need a gross annual income of approximately $64,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Middletown compare to the national average home price?
The national median home value is approximately $410,000. At $242,787, homes in Middletown are 41% below the national average.
What metro area is Middletown part of?
Middletown is part of the New Castle, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.