Market Overview
Home Prices in Pennville, IN
The median home value in Pennville, IN is $176,637 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.4% compared to a year ago and up 8.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Pennville are priced57% below average.
Over the past five years, Pennville home values have risen by approximately35.0%, reflecting strong long-term appreciation in this market.
Price History
Pennville Home Price Trend
2020
$109,100
$109K
—
2021
$130,870
$131K
+20.0%
2022
$149,771
$150K
+14.4%
2023
$157,378
$157K
+5.1%
2024
$161,169
$161K
+2.4%
2025
$174,154
$174K
+8.1%
2026
$176,637
$177K
+1.4%
City Comparison
Pennville vs. National Median
🏠 Pennville
$176,637
National Median
$410,000
At $176,637, homes in Pennville cost 57% below the national median of $410,000. This makes Pennville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Pennville?
20% Down Payment
$35,327
on $176,637
Monthly P&I
$921/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,170/mo
incl. taxes & insurance
Income Needed
$46,800
gross annual (30% rule)
10% Down Option
$17,664
+ PMI applies
Loan Amount (20% dn)
$141,310
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 Pennville, IN?
The median home value in Pennville is $176,637 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 Pennville?
Over the past year, home values in Pennville have increased by 1.4%. Over five years, prices have risen approximately 35.0%.
How much do I need to earn to buy a home in Pennville?
To comfortably afford the median home price of $176,637 with a 20% down payment ($35,327) at today's rates (6.8%), you'd need a gross annual income of approximately $46,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Pennville compare to the national average home price?
The national median home value is approximately $410,000. At $176,637, homes in Pennville are 57% below the national average.