Market Overview
Home Prices in Princes Lakes, IN
The median home value in Princes Lakes, IN is $288,875 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.4% compared to a year ago and up 4.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Princes Lakes are priced30% below average. Princes Lakes is part of the Indianapolis-Carmel-Anderson, IN metro area.
Over the past five years, Princes Lakes home values have risen by approximately35.3%, reflecting strong long-term appreciation in this market.
Price History
Princes Lakes Home Price Trend
City Comparison
Princes Lakes vs. National Median
At $288,875, homes in Princes Lakes cost 30% below the national median of $410,000. This makes Princes Lakes a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Princes Lakes?
20% Down Payment
$57,775
on $288,875
Monthly P&I
$1,507/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,914/mo
incl. taxes & insurance
Income Needed
$76,560
gross annual (30% rule)
10% Down Option
$28,888
+ PMI applies
Loan Amount (20% dn)
$231,100
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 Princes Lakes, IN?
The median home value in Princes Lakes is $288,875 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 Princes Lakes?
Over the past year, home values in Princes Lakes have increased by 1.4%. Over five years, prices have risen approximately 35.3%.
How much do I need to earn to buy a home in Princes Lakes?
To comfortably afford the median home price of $288,875 with a 20% down payment ($57,775) at today's rates (6.8%), you'd need a gross annual income of approximately $76,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Princes Lakes compare to the national average home price?
The national median home value is approximately $410,000. At $288,875, homes in Princes Lakes are 30% below the national average.
What metro area is Princes Lakes part of?
Princes Lakes is part of the Indianapolis-Carmel-Anderson, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.