Market Overview
Home Prices in Paragon, IN
The median home value in Paragon, IN is $268,975 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.6% compared to a year ago and up 5.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Paragon are priced34% below average. Paragon is part of the Indianapolis-Carmel-Anderson, IN metro area.
Over the past five years, Paragon home values have risen by approximately36.8%, reflecting strong long-term appreciation in this market.
Price History
Paragon Home Price Trend
City Comparison
Paragon vs. National Median
At $268,975, homes in Paragon cost 34% below the national median of $410,000. This makes Paragon a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Paragon?
20% Down Payment
$53,795
on $268,975
Monthly P&I
$1,403/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,782/mo
incl. taxes & insurance
Income Needed
$71,280
gross annual (30% rule)
10% Down Option
$26,898
+ PMI applies
Loan Amount (20% dn)
$215,180
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 Paragon, IN?
The median home value in Paragon is $268,975 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.6% year-over-year.
How much have home prices changed in Paragon?
Over the past year, home values in Paragon have increased by 3.6%. Over five years, prices have risen approximately 36.8%.
How much do I need to earn to buy a home in Paragon?
To comfortably afford the median home price of $268,975 with a 20% down payment ($53,795) at today's rates (6.8%), you'd need a gross annual income of approximately $71,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Paragon compare to the national average home price?
The national median home value is approximately $410,000. At $268,975, homes in Paragon are 34% below the national average.
What metro area is Paragon part of?
Paragon is part of the Indianapolis-Carmel-Anderson, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.