Market Overview
Home Prices in Reelsville, IN
The median home value in Reelsville, IN is $309,556 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.1% compared to a year ago and up 4.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Reelsville are priced24% below average. Reelsville is part of the Indianapolis-Carmel-Anderson, IN metro area.
Over the past five years, Reelsville home values have risen by approximately40.5%, reflecting strong long-term appreciation in this market.
Price History
Reelsville Home Price Trend
City Comparison
Reelsville vs. National Median
At $309,556, homes in Reelsville cost 24% below the national median of $410,000. This makes Reelsville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Reelsville?
20% Down Payment
$61,911
on $309,556
Monthly P&I
$1,614/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,050/mo
incl. taxes & insurance
Income Needed
$82,000
gross annual (30% rule)
10% Down Option
$30,956
+ PMI applies
Loan Amount (20% dn)
$247,645
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 Reelsville, IN?
The median home value in Reelsville is $309,556 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.1% year-over-year.
How much have home prices changed in Reelsville?
Over the past year, home values in Reelsville have increased by 4.1%. Over five years, prices have risen approximately 40.5%.
How much do I need to earn to buy a home in Reelsville?
To comfortably afford the median home price of $309,556 with a 20% down payment ($61,911) at today's rates (6.8%), you'd need a gross annual income of approximately $82,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Reelsville compare to the national average home price?
The national median home value is approximately $410,000. At $309,556, homes in Reelsville are 24% below the national average.
What metro area is Reelsville part of?
Reelsville is part of the Indianapolis-Carmel-Anderson, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.