A typical Prairie home is worth roughly $246,000
Home prices around Prairie have risen about 59% over the past 5 years.
What kind of housing town is Prairie?
Read from the numbers below. The page puts what stands out first.
A two-bedroom rents for about $980
Renters already here pay a median of $694, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Henry County, IN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
94% of Prairie households own their home
Half of Prairie’s homes were built before 1974.
Indiana: 71% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Home prices up 59% in 5 years
The federal house price index for the ZIP codes around Prairie rose 59% over the past 5 years, faster than across Indiana (53%). Last year prices rose 1.5%. Carrying the Census median home value forward with that index puts the typical Prairie home at roughly $246,000 today.
Carrying the Census median forward with the index puts a typical home at about $246K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Prairie, 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 3.6 years of income
About the same as across Indiana. Try your own numbers below.
That covers a typical Prairie home, with $30K to spare.
A two-bedroom rents for about $980 a month here, $430 less than owning.
How Prairie ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Prairie’s typical property tax (0.61% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
Prairie vs. its neighbors
Prairie 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 |
|---|---|---|---|---|
| Prairie | $246K* | +1.5%† | $980 | $68,088 |
| Jefferson | $168K* | +9.7%† | $980 | $56,141 |
| Henry | $126K* | +1.3%† | $960 | $58,355 |
| Stoney Creek | $118K* | — | $1,070 | $62,500 |
| Blue River | $183K* | — | $1,010 | $85,536 |
| Monroe | $152K* | +4.1%† | $1,020 | $92,083 |
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 Prairie 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.