Market Overview
Home Prices in Newburgh, IN
The median home value in Newburgh, IN is $323,447 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.8% compared to a year ago and up 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Newburgh are priced21% below average. Newburgh is part of the Evansville, IN-KY metro area.
Over the past five years, Newburgh home values have risen by approximately28.0%, reflecting strong long-term appreciation in this market.
Price History
Newburgh Home Price Trend
City Comparison
Newburgh vs. National Median
At $323,447, homes in Newburgh cost 21% below the national median of $410,000. This makes Newburgh a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Newburgh?
20% Down Payment
$64,689
on $323,447
Monthly P&I
$1,687/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,142/mo
incl. taxes & insurance
Income Needed
$85,680
gross annual (30% rule)
10% Down Option
$32,345
+ PMI applies
Loan Amount (20% dn)
$258,758
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 Newburgh, IN?
The median home value in Newburgh is $323,447 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.8% year-over-year.
How much have home prices changed in Newburgh?
Over the past year, home values in Newburgh have increased by 3.8%. Over five years, prices have risen approximately 28.0%.
How much do I need to earn to buy a home in Newburgh?
To comfortably afford the median home price of $323,447 with a 20% down payment ($64,689) at today's rates (6.8%), you'd need a gross annual income of approximately $85,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Newburgh compare to the national average home price?
The national median home value is approximately $410,000. At $323,447, homes in Newburgh are 21% below the national average.
What metro area is Newburgh part of?
Newburgh is part of the Evansville, IN-KY metropolitan area. Home prices and market conditions can vary across the broader metro region.