Market Overview
Home Prices in Thorntown, IN
The median home value in Thorntown, IN is $339,792 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.6% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Thorntown are priced17% below average. Thorntown is part of the Indianapolis-Carmel-Anderson, IN metro area.
Over the past five years, Thorntown home values have risen by approximately28.7%, reflecting strong long-term appreciation in this market.
Price History
Thorntown Home Price Trend
City Comparison
Thorntown vs. National Median
At $339,792, homes in Thorntown cost 17% below the national median of $410,000. This makes Thorntown a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Thorntown?
20% Down Payment
$67,958
on $339,792
Monthly P&I
$1,772/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,250/mo
incl. taxes & insurance
Income Needed
$90,000
gross annual (30% rule)
10% Down Option
$33,979
+ PMI applies
Loan Amount (20% dn)
$271,834
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 Thorntown, IN?
The median home value in Thorntown is $339,792 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.6% year-over-year.
How much have home prices changed in Thorntown?
Over the past year, home values in Thorntown have increased by 3.6%. Over five years, prices have risen approximately 28.7%.
How much do I need to earn to buy a home in Thorntown?
To comfortably afford the median home price of $339,792 with a 20% down payment ($67,958) at today's rates (6.8%), you'd need a gross annual income of approximately $90,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Thorntown compare to the national average home price?
The national median home value is approximately $410,000. At $339,792, homes in Thorntown are 17% below the national average.
What metro area is Thorntown part of?
Thorntown is part of the Indianapolis-Carmel-Anderson, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.