Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$221,877+7.4% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 16% have cut their price
Income needed to buy, per year$48,098About 0.7× the local median income ($66,511): affordable for a typical household
Days on market67 daysSlower than a year ago: buyers have time to negotiate
The typical home in Parke County, IN is worth $221,877, up 7.4% from a year ago. That is well above what local incomes have historically supported: fair value is about $173,786, so the area is 27.7% overvalued. It is a balanced market: homes take about 67 days to sell, listings are up 78% from a year ago, 16% of listings have had a price cut. A household needs about $48,098 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,511. In the latest IRS figures, 44 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$221,877
Change in 1 year
+7.4%
Overvalued %
+27.7%
Show 6 more
Fair home value
$173,786
Change in 5 years
+43.5%
Home value to income
3.3×
Monthly mortgage payment (20% down)
$1,202
Income needed to afford it
$48,098
Property tax rate
0.49%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
+78.4%
Days on market
67
Listings with a price cut
16.0%
Show 3 more
Homes for sale
66
Pending sales per 100 listings
27
Asking price per sq ft
$175
People and jobs
Median household income
$66,511
Population change (1 year)
+1.1%
Unemployment rate
4.4%
Show 4 more
Population
16,642
Income adjusted for cost of living
$74,984
Net moves in (IRS)
+44
Cost of living (US = 100)
88.7
Schools, risk and environment
School rating (1 to 10)
5.5
FEMA hazard risk score (0 to 100)
27.6
Flood risk score
34.4
Show 3 more
Wildfire risk score
9.6
Walkability (1 to 20)
4.8
Road, rail and air noise
53 dB
Questions people ask
Is Parke County, IN overvalued?
Home prices in Parke County, IN are well above what local incomes have historically supported: fair value is about $173,786, so the area is 27.7% overvalued.
Is Parke County, IN a buyer's or seller's market?
Parke County, IN is a balanced market: homes take about 67 days to sell, listings are up 78% from a year ago, 16% of listings have had a price cut.
Are home prices going down in Parke County, IN?
Home values in Parke County, IN are up 7.4% over the last year.
How much do you need to earn to buy a home in Parke County, IN?
A household needs about $48,098 a year to afford the typical home in Parke County, IN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,511.