Market Overview
Home Prices in Patoka, IN
The median home value in Patoka, IN is $161,105 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 12.9% compared to a year ago and up 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Patoka are priced61% below average.
Over the past five years, Patoka home values have risen by approximately55.3%, reflecting strong long-term appreciation in this market.
Price History
Patoka Home Price Trend
2020
$88,520
$89K
—
2021
$103,719
$104K
+17.2%
2022
$113,511
$114K
+9.4%
2023
$125,332
$125K
+10.4%
2024
$137,705
$138K
+9.9%
2025
$142,716
$143K
+3.6%
2026
$161,105
$161K
+12.9%
City Comparison
Patoka vs. National Median
🏠 Patoka
$161,105
National Median
$410,000
At $161,105, homes in Patoka cost 61% below the national median of $410,000. This makes Patoka a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Patoka?
20% Down Payment
$32,221
on $161,105
Monthly P&I
$840/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,067/mo
incl. taxes & insurance
Income Needed
$42,680
gross annual (30% rule)
10% Down Option
$16,111
+ PMI applies
Loan Amount (20% dn)
$128,884
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 Patoka, IN?
The median home value in Patoka is $161,105 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 12.9% year-over-year.
How much have home prices changed in Patoka?
Over the past year, home values in Patoka have increased by 12.9%. Over five years, prices have risen approximately 55.3%.
How much do I need to earn to buy a home in Patoka?
To comfortably afford the median home price of $161,105 with a 20% down payment ($32,221) at today's rates (6.8%), you'd need a gross annual income of approximately $42,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Patoka compare to the national average home price?
The national median home value is approximately $410,000. At $161,105, homes in Patoka are 61% below the national average.