Flat Rock, IN housing market
The typical Flat Rock home is worth about $260,000, up 2.3% in a year, close to the Indiana typical home.
Home values, sales, trends and how Flat Rock compares with the towns next door — updated as new data is published.
Flat Rock at a glance
Typical home value, 2016–2026
Show as a table
| January | Flat Rock | Indiana |
|---|---|---|
| 2017 | $124,000 | $135,000 |
| 2018 | $132,000 | $144,000 |
| 2019 | $139,000 | $154,000 |
| 2020 | $155,000 | $164,000 |
| 2021 | $176,000 | $183,000 |
| 2022 | $199,000 | $209,000 |
| 2023 | $215,000 | $227,000 |
| 2024 | $235,000 | $237,000 |
| 2025 | $254,000 | $249,000 |
| 2026 | $254,000 | $256,000 |
| August 2026 | $260,000 | $260,000 |
Flat Rock and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Flat Rock | $260K | +2.3% | $1,240 | $89,047 |
| German | — | +2.5%† | $1,220 | $74,608 |
| Haw Creek | — | −4.9%† | $1,270 | $86,667 |
| Clay | — | +1.3%† | $1,240 | $89,688 |
| Columbus | $281K | +2.3% | $1,380 | $75,602 |
| Washington | — | +5.8%† | $1,260 | $72,946 |
† FHFA price index change, where Zillow has no home value for the town.
2.9 years of income
The typical Flat Rock home costs about 2.9 years of the town's median household income, less than across Indiana (3.6 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,240
HUD's Fair Market Rent for a two-bedroom in Flat Rock is $1,240 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Flat Rock pay a median of $776, so moving in tends to cost more than staying put. A two-bedroom takes about 17% of the town's median household income.
Studio $1,070 · 4 bedrooms $1,750
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (47203, 47234, 47246; Columbus, IN MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Flat Rock
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.