Market Overview
Home Prices in Redkey, IN
The median home value in Redkey, IN is $135,085 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.6% compared to a year ago and up 7.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Redkey are priced67% below average.
Over the past five years, Redkey home values have risen by approximately45.4%, reflecting strong long-term appreciation in this market.
Price History
Redkey Home Price Trend
2020
$75,671
$76K
—
2021
$92,892
$93K
+22.8%
2022
$105,836
$106K
+13.9%
2023
$114,984
$115K
+8.6%
2024
$122,878
$123K
+6.9%
2025
$131,631
$132K
+7.1%
2026
$135,085
$135K
+2.6%
City Comparison
Redkey vs. National Median
🏠 Redkey
$135,085
National Median
$410,000
At $135,085, homes in Redkey cost 67% below the national median of $410,000. This makes Redkey a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Redkey?
20% Down Payment
$27,017
on $135,085
Monthly P&I
$705/mo
30-yr @ 6.8%
Total Monthly Est.
~$895/mo
incl. taxes & insurance
Income Needed
$35,800
gross annual (30% rule)
10% Down Option
$13,509
+ PMI applies
Loan Amount (20% dn)
$108,068
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 Redkey, IN?
The median home value in Redkey is $135,085 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.6% year-over-year.
How much have home prices changed in Redkey?
Over the past year, home values in Redkey have increased by 2.6%. Over five years, prices have risen approximately 45.4%.
How much do I need to earn to buy a home in Redkey?
To comfortably afford the median home price of $135,085 with a 20% down payment ($27,017) at today's rates (6.8%), you'd need a gross annual income of approximately $35,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Redkey compare to the national average home price?
The national median home value is approximately $410,000. At $135,085, homes in Redkey are 67% below the national average.