Market Overview
Home Prices in Mulberry, IN
The median home value in Mulberry, IN is $261,682 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.9% compared to a year ago and up 4.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mulberry are priced36% below average. Mulberry is part of the Frankfort, IN metro area.
Over the past five years, Mulberry home values have risen by approximately40.2%, reflecting strong long-term appreciation in this market.
Price History
Mulberry Home Price Trend
City Comparison
Mulberry vs. National Median
At $261,682, homes in Mulberry cost 36% below the national median of $410,000. This makes Mulberry a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mulberry?
20% Down Payment
$52,336
on $261,682
Monthly P&I
$1,365/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,734/mo
incl. taxes & insurance
Income Needed
$69,360
gross annual (30% rule)
10% Down Option
$26,168
+ PMI applies
Loan Amount (20% dn)
$209,346
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 Mulberry, IN?
The median home value in Mulberry is $261,682 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.9% year-over-year.
How much have home prices changed in Mulberry?
Over the past year, home values in Mulberry have increased by 6.9%. Over five years, prices have risen approximately 40.2%.
How much do I need to earn to buy a home in Mulberry?
To comfortably afford the median home price of $261,682 with a 20% down payment ($52,336) at today's rates (6.8%), you'd need a gross annual income of approximately $69,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Mulberry compare to the national average home price?
The national median home value is approximately $410,000. At $261,682, homes in Mulberry are 36% below the national average.
What metro area is Mulberry part of?
Mulberry is part of the Frankfort, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.