Market Overview
Home Prices in New Pekin, IN
The median home value in New Pekin, IN is $243,626 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.8% compared to a year ago and up 2.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Pekin are priced41% below average. New Pekin is part of the Louisville/Jefferson County, KY-IN metro area.
Over the past five years, New Pekin home values have risen by approximately28.3%, reflecting strong long-term appreciation in this market.
Price History
New Pekin Home Price Trend
City Comparison
New Pekin vs. National Median
At $243,626, homes in New Pekin cost 41% below the national median of $410,000. This makes New Pekin a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in New Pekin?
20% Down Payment
$48,725
on $243,626
Monthly P&I
$1,271/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,614/mo
incl. taxes & insurance
Income Needed
$64,560
gross annual (30% rule)
10% Down Option
$24,363
+ PMI applies
Loan Amount (20% dn)
$194,901
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 New Pekin, IN?
The median home value in New Pekin is $243,626 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.8% year-over-year.
How much have home prices changed in New Pekin?
Over the past year, home values in New Pekin have increased by 2.8%. Over five years, prices have risen approximately 28.3%.
How much do I need to earn to buy a home in New Pekin?
To comfortably afford the median home price of $243,626 with a 20% down payment ($48,725) at today's rates (6.8%), you'd need a gross annual income of approximately $64,560. This assumes keeping total housing costs at or below 30% of gross income.
How does New Pekin compare to the national average home price?
The national median home value is approximately $410,000. At $243,626, homes in New Pekin are 41% below the national average.
What metro area is New Pekin part of?
New Pekin is part of the Louisville/Jefferson County, KY-IN metropolitan area. Home prices and market conditions can vary across the broader metro region.