Market Overview
Home Prices in Winamac, IN
The median home value in Winamac, IN is $197,072 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.1% compared to a year ago and up 4.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Winamac are priced52% below average.
Over the past five years, Winamac home values have risen by approximately46.3%, reflecting strong long-term appreciation in this market.
Price History
Winamac Home Price Trend
2020
$114,886
$115K
—
2021
$134,749
$135K
+17.3%
2022
$157,122
$157K
+16.6%
2023
$165,794
$166K
+5.5%
2024
$180,604
$181K
+8.9%
2025
$189,291
$189K
+4.8%
2026
$197,072
$197K
+4.1%
City Comparison
Winamac vs. National Median
🏠 Winamac
$197,072
National Median
$410,000
At $197,072, homes in Winamac cost 52% below the national median of $410,000. This makes Winamac a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Winamac?
20% Down Payment
$39,414
on $197,072
Monthly P&I
$1,028/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,306/mo
incl. taxes & insurance
Income Needed
$52,240
gross annual (30% rule)
10% Down Option
$19,707
+ PMI applies
Loan Amount (20% dn)
$157,658
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 Winamac, IN?
The median home value in Winamac is $197,072 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 Winamac?
Over the past year, home values in Winamac have increased by 4.1%. Over five years, prices have risen approximately 46.3%.
How much do I need to earn to buy a home in Winamac?
To comfortably afford the median home price of $197,072 with a 20% down payment ($39,414) at today's rates (6.8%), you'd need a gross annual income of approximately $52,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Winamac compare to the national average home price?
The national median home value is approximately $410,000. At $197,072, homes in Winamac are 52% below the national average.