Parke County, Indiana home prices
Typical home $221,877 · +7.4% in a year · property tax 0.49%
The typical home in Parke County is worth $221,877, 14% less than the Indiana typical home ($257,165). Values changed +7.4% in the past year and +43.5% over five years. Homeowners here pay a median 0.49% of their home's value in property tax each year ($1,079 on the typical home), versus 0.74% statewide.
Mortgage on the typical Parke County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $44,375 | $177,502 | $1,194 | $0 | $201 | $1,395 | $59,800 |
| 10% down | $22,188 | $199,689 | $1,343 | $83 | $201 | $1,627 | $69,700 |
| 5% down | $11,094 | $210,783 | $1,418 | $88 | $201 | $1,707 | $73,100 |
| 3.5% down (FHA) | $7,766 | $217,858 | $1,466 | $98 | $201 | $1,764 | $75,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.49% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Indiana · part of the Terre Haute metro area.
Indiana counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Newton County | $221,831 | +3.1% | 0.77% |
| Starke County | $222,883 | +6.0% | 0.61% |
| Jennings County | $222,973 | +5.8% | 0.6% |
| Clinton County | $224,260 | +6.8% | 0.6% |
| Jackson County | $225,472 | +1.6% | 0.49% |
| Washington County | $217,713 | +3.0% | 0.63% |
| Montgomery County | $226,785 | +4.4% | 0.65% |
| Rush County | $216,930 | +3.3% | 0.65% |
| White County | $227,574 | +4.5% | 0.54% |
| Marion County | $227,822 | -0.8% | 0.91% |
Frequently asked questions
What is the average home price in Parke County, IN?
The typical home value in Parke County is $221,877 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Parke County?
About $59,800 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Parke County?
The median effective rate is 0.49% of home value a year (Census ACS 2024 5-year estimates).