Market Overview
Home Prices in Parker City, IN
The median home value in Parker City, IN is $182,659 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.7% compared to a year ago and up 7.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Parker City are priced55% below average. Parker City is part of the Muncie, IN metro area.
Over the past five years, Parker City home values have risen by approximately42.4%, reflecting strong long-term appreciation in this market.
Price History
Parker City Home Price Trend
City Comparison
Parker City vs. National Median
At $182,659, homes in Parker City cost 55% below the national median of $410,000. This makes Parker City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Parker City?
20% Down Payment
$36,532
on $182,659
Monthly P&I
$953/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,210/mo
incl. taxes & insurance
Income Needed
$48,400
gross annual (30% rule)
10% Down Option
$18,266
+ PMI applies
Loan Amount (20% dn)
$146,127
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 Parker City, IN?
The median home value in Parker City is $182,659 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.7% year-over-year.
How much have home prices changed in Parker City?
Over the past year, home values in Parker City have increased by 10.7%. Over five years, prices have risen approximately 42.4%.
How much do I need to earn to buy a home in Parker City?
To comfortably afford the median home price of $182,659 with a 20% down payment ($36,532) at today's rates (6.8%), you'd need a gross annual income of approximately $48,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Parker City compare to the national average home price?
The national median home value is approximately $410,000. At $182,659, homes in Parker City are 55% below the national average.
What metro area is Parker City part of?
Parker City is part of the Muncie, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.