Market Overview
Home Prices in Montezuma, IN
The median home value in Montezuma, IN is $134,364 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.7% compared to a year ago and up 3.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Montezuma are priced67% below average. Montezuma is part of the Terre Haute, IN metro area.
Over the past five years, Montezuma home values have risen by approximately41.2%, reflecting strong long-term appreciation in this market.
Price History
Montezuma Home Price Trend
City Comparison
Montezuma vs. National Median
At $134,364, homes in Montezuma cost 67% below the national median of $410,000. This makes Montezuma a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Montezuma?
20% Down Payment
$26,873
on $134,364
Monthly P&I
$701/mo
30-yr @ 6.8%
Total Monthly Est.
~$890/mo
incl. taxes & insurance
Income Needed
$35,600
gross annual (30% rule)
10% Down Option
$13,436
+ PMI applies
Loan Amount (20% dn)
$107,491
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 Montezuma, IN?
The median home value in Montezuma is $134,364 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.7% year-over-year.
How much have home prices changed in Montezuma?
Over the past year, home values in Montezuma have increased by 5.7%. Over five years, prices have risen approximately 41.2%.
How much do I need to earn to buy a home in Montezuma?
To comfortably afford the median home price of $134,364 with a 20% down payment ($26,873) at today's rates (6.8%), you'd need a gross annual income of approximately $35,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Montezuma compare to the national average home price?
The national median home value is approximately $410,000. At $134,364, homes in Montezuma are 67% below the national average.
What metro area is Montezuma part of?
Montezuma is part of the Terre Haute, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.