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Housing in Northeast

A typical Northeast home is worth roughly $212,000

Home prices around Northeast have risen about 42% over the past 5 years.

Typical home value
$212K
▼ 12.7% in a year · IN $260K
Estimate
2-bedroom rent
$970
a month, utilities in · HUD
Median tax bill
$704
IN $1,614

What kind of housing town is Northeast?

Read from the numbers below. The page puts what stands out first.

★ What stands out · Price trend

Home prices up 42% in 5 years

The federal house price index for the ZIP codes around Northeast rose 42% over the past 5 years, slower than across Indiana (53%). Last year prices fell 13%.

Northeast areaIndiana
0%+50%+100%+150%200020052010201520202025
−13%
past year
+42%
past 5 years
+75%
past 10 years

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Northeast, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Affordability

What it takes to buy in Northeast

Try your own numbers below.

You could afford about
$287,000
Typical Northeast home $212K

That covers a typical Northeast home, with $75K to spare.

The typical home, each month
$1,240
Loan $1,050Tax $130Insurance $60

A two-bedroom rents for about $970 a month here, $270 less than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Indiana typical property tax (0.74% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

89% of Northeast households own their home

Half of Northeast’s homes were built before 1978.

Owners and renters
Own 89%Rent 11%

Indiana: 71% own.

1978
typical home built · IN 1976
$704
median property tax bill · IN $1,614

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Renting

A two-bedroom rents for about $970

Fair Market Rent a month, utilities included

Studio$700
1 bedroom$740
2 bedrooms$970
3 bedrooms$1,320
4 bedrooms$1,550
11%
of households rent · IN 29%
19
renter households

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Washington County, 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.

Next door

Northeast vs. its neighbors

Northeast is the priciest of 5 neighboring towns. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentMedian income
Northeast$212K*−12.7%†$970$85,179
Stampers Creek$116K*−7.4%†$1,010$51,250
Orleans$202K+5.2%$960$67,396
Bono—+4.6%†$960$61,964
Brown$152K*—$1,060$41,132
Vernon$192K*—$1,020$78,229

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 Northeast buyers, sellers and renters are saying.

Town Square →
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Is Northeast still affordable for young families?

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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.

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