Market Overview
Home Prices in Roann, IN
The median home value in Roann, IN is $239,814 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.4% compared to a year ago and up 5.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Roann are priced42% below average. Roann is part of the Wabash, IN metro area.
Over the past five years, Roann home values have risen by approximately36.4%, reflecting strong long-term appreciation in this market.
Price History
Roann Home Price Trend
2020
$150,011
$150K
—
2021
$175,836
$176K
+17.2%
2022
$193,980
$194K
+10.3%
2023
$197,469
$197K
+1.8%
2024
$209,764
$210K
+6.2%
2025
$221,239
$221K
+5.5%
2026
$239,814
$240K
+8.4%
City Comparison
Roann vs. National Median
🏠 Roann
$239,814
National Median
$410,000
At $239,814, homes in Roann cost 42% below the national median of $410,000. This makes Roann a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Roann?
20% Down Payment
$47,963
on $239,814
Monthly P&I
$1,251/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,589/mo
incl. taxes & insurance
Income Needed
$63,560
gross annual (30% rule)
10% Down Option
$23,981
+ PMI applies
Loan Amount (20% dn)
$191,851
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 Roann, IN?
The median home value in Roann is $239,814 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.4% year-over-year.
How much have home prices changed in Roann?
Over the past year, home values in Roann have increased by 8.4%. Over five years, prices have risen approximately 36.4%.
How much do I need to earn to buy a home in Roann?
To comfortably afford the median home price of $239,814 with a 20% down payment ($47,963) at today's rates (6.8%), you'd need a gross annual income of approximately $63,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Roann compare to the national average home price?
The national median home value is approximately $410,000. At $239,814, homes in Roann are 42% below the national average.
What metro area is Roann part of?
Roann is part of the Wabash, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.