A typical Blue River home is worth roughly $395,000
Home prices around Blue River have risen about 56% over the past 5 years.
What kind of housing town is Blue River?
Read from the numbers below. The page puts what stands out first.
100% of Blue River households own their home
Half of Blue River’s homes were built before 1957.
Indiana: 71% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Home prices up 56% in 5 years
The federal house price index for the ZIP codes around Blue River rose 56% over the past 5 years, about the same as across Indiana. Last year prices rose 7.1%. Carrying the Census median home value forward with that index puts the typical Blue River home at roughly $395,000 today.
Carrying the Census median forward with the index puts a typical home at about $395K.
How Blue River ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Blue River, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 3.8 years of income
About the same as across Indiana. Try your own numbers below.
That covers a typical Blue River home, with $38K to spare.
A two-bedroom rents for about $1,340 a month here, $880 less than owning.
How Blue River ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Blue River’s typical property tax (0.43% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,340
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Indianapolis-Carmel, IN HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Blue River vs. its neighbors
Blue River is the priciest of 6 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Blue River | $395K* | +7.1%† | $1,340 | $104,293 |
| Hanover | $190K* | +2.4%† | $1,290 | $80,739 |
| Ripley | $200K* | +9%† | $1,110 | $65,917 |
| Brandywine | $290K* | +7.7%† | $1,340 | $127,171 |
| Jackson | $167K* | −4.7%† | $1,300 | $95,000 |
| Center | $224K* | +7.7%† | $1,370 | $78,859 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Blue River buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.