Market Overview
Home Prices in New Washington, IN
The median home value in New Washington, IN is $243,167 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.4% 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 New Washington are priced41% below average. New Washington is part of the Louisville/Jefferson County, KY-IN metro area.
Over the past five years, New Washington home values have risen by approximately24.5%, reflecting strong long-term appreciation in this market.
Price History
New Washington Home Price Trend
City Comparison
New Washington vs. National Median
At $243,167, homes in New Washington cost 41% below the national median of $410,000. This makes New Washington a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in New Washington?
20% Down Payment
$48,633
on $243,167
Monthly P&I
$1,268/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,610/mo
incl. taxes & insurance
Income Needed
$64,400
gross annual (30% rule)
10% Down Option
$24,317
+ PMI applies
Loan Amount (20% dn)
$194,534
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 Washington, IN?
The median home value in New Washington is $243,167 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.4% year-over-year.
How much have home prices changed in New Washington?
Over the past year, home values in New Washington have increased by 1.4%. Over five years, prices have risen approximately 24.5%.
How much do I need to earn to buy a home in New Washington?
To comfortably afford the median home price of $243,167 with a 20% down payment ($48,633) at today's rates (6.8%), you'd need a gross annual income of approximately $64,400. This assumes keeping total housing costs at or below 30% of gross income.
How does New Washington compare to the national average home price?
The national median home value is approximately $410,000. At $243,167, homes in New Washington are 41% below the national average.
What metro area is New Washington part of?
New Washington is part of the Louisville/Jefferson County, KY-IN metropolitan area. Home prices and market conditions can vary across the broader metro region.