Market Overview
Home Prices in Modoc, IN
The median home value in Modoc, IN is $222,743 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.7% compared to a year ago and up 6.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Modoc are priced46% below average. Modoc is part of the Richmond, IN metro area.
Over the past five years, Modoc home values have risen by approximately43.5%, reflecting strong long-term appreciation in this market.
Price History
Modoc Home Price Trend
2020
$130,896
$131K
—
2021
$155,243
$155K
+18.6%
2022
$180,631
$181K
+16.4%
2023
$181,221
$181K
+0.3%
2024
$187,522
$188K
+3.5%
2025
$199,462
$199K
+6.4%
2026
$222,743
$223K
+11.7%
City Comparison
Modoc vs. National Median
🏠 Modoc
$222,743
National Median
$410,000
At $222,743, homes in Modoc cost 46% below the national median of $410,000. This makes Modoc a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Modoc?
20% Down Payment
$44,549
on $222,743
Monthly P&I
$1,162/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,476/mo
incl. taxes & insurance
Income Needed
$59,040
gross annual (30% rule)
10% Down Option
$22,274
+ PMI applies
Loan Amount (20% dn)
$178,194
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 Modoc, IN?
The median home value in Modoc is $222,743 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.7% year-over-year.
How much have home prices changed in Modoc?
Over the past year, home values in Modoc have increased by 11.7%. Over five years, prices have risen approximately 43.5%.
How much do I need to earn to buy a home in Modoc?
To comfortably afford the median home price of $222,743 with a 20% down payment ($44,549) at today's rates (6.8%), you'd need a gross annual income of approximately $59,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Modoc compare to the national average home price?
The national median home value is approximately $410,000. At $222,743, homes in Modoc are 46% below the national average.
What metro area is Modoc part of?
Modoc is part of the Richmond, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.