Market Overview
Home Prices in Speedway, IN
The median home value in Speedway, IN is $240,259 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.7% compared to a year ago and up 3.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Speedway are priced41% below average. Speedway is part of the Indianapolis-Carmel-Anderson, IN metro area.
Over the past five years, Speedway home values have risen by approximately33.6%, reflecting strong long-term appreciation in this market.
Price History
Speedway Home Price Trend
City Comparison
Speedway vs. National Median
At $240,259, homes in Speedway cost 41% below the national median of $410,000. This makes Speedway a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Speedway?
20% Down Payment
$48,052
on $240,259
Monthly P&I
$1,253/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,591/mo
incl. taxes & insurance
Income Needed
$63,640
gross annual (30% rule)
10% Down Option
$24,026
+ PMI applies
Loan Amount (20% dn)
$192,207
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 Speedway, IN?
The median home value in Speedway is $240,259 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.7% year-over-year.
How much have home prices changed in Speedway?
Over the past year, home values in Speedway have decreased by 0.7%. Over five years, prices have risen approximately 33.6%.
How much do I need to earn to buy a home in Speedway?
To comfortably afford the median home price of $240,259 with a 20% down payment ($48,052) at today's rates (6.8%), you'd need a gross annual income of approximately $63,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Speedway compare to the national average home price?
The national median home value is approximately $410,000. At $240,259, homes in Speedway are 41% below the national average.
What metro area is Speedway part of?
Speedway is part of the Indianapolis-Carmel-Anderson, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.