Sep 2026
$256K
+5.7% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Michigan City, IN housing market
Michigan City, IN metro median sale price $256K in Sep 2026, up 5.7% year over year. Also days on market, price cuts, affordability and ZIP-code figures.
The median sale price in the Michigan City, IN metro is $256K as of Sep 2026, up 5.7% from a year earlier. The gain is larger than in most of the 383 U.S. metros Pecan Street ranks on this measure. FHFA's repeat-sales index for the metro agrees within 0.9 points (up 6.6% through Q2 2026).
On median sale price, Michigan City ($256K) ranks 8th of the 12 Indiana metros Pecan Street tracks, between South Bend ($265K) and Evansville ($237K). On median days on market, Michigan City (59 days) ranks 2nd of the 12 Indiana metros, between Bloomington (73 days) and Indianapolis (53 days). On share of listings with a price cut, Michigan City (43%) ranks 10th of the 12 Indiana metros, between Elkhart (47%) and Terre Haute (39%).
Listings spent a median 59 days on market in Sep 2026. 43% of active listings carry a price cut, 2.9 points more than a year earlier. That share is higher than in most of the 385 metros.
At the 7.29% 30-year fixed rate with 20% down, principal and interest on a median-priced home come to $1,404 a month; at 28% of gross income, that takes about $60K a year. The median sale price equals about 14 years of HUD Fair Market Rent, a ratio up 0.8% from a year earlier. That ratio is lower than in most of the 373 metros. Active listings ask a median $164 per square foot, down 7.7% from a year earlier.
Median list prices are higher than a year earlier in one of the two ZIP codes in the table below and lower in one.
Headline
Oct 15, 2026
7.29%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$1,404/mo
$60K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Michigan City compares to other U.S. metros
| Home-price growth | ↑73rd of 383 (top 20%) |
|---|---|
| Price cuts | ↑92nd of 385 (top 24%) |
| Price-to-rent | ↓268th of 373 |
| Days on market | 186th of 385 (top 49%) |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 14 +0.8% YoY ↓268th of 373 |
|---|---|
| Asking price / sq ft | $164 -7.7% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 43% +2.9 pts YoY ↑92nd of 385 (top 24%) |
|---|
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 2 shown of 10 |
|---|---|
| MLS board of record | — |
| Price methodology | Redfin vs FHFA HPI |
| Data as of | Sep 2026 |
Recent signals
No signals flagged for this market right now.
Price reconciliation
normal · 0.9ppRedfin (metro) +5.7% | FHFA HPI · Q2 2026 +6.6% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
More markets in IN
Get the daily version of this page
Public weekly reads vs. daily-refreshed signals + a branded share-queue + a per-agent newsletter. Free trial.
Try it freeZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 46350 | $358K↑ | 120↑ | 56↑ | 52↓ | 59↑ | $277K↑ |
| 46360 | $288K↓ | 131↓ | 60↑ | 54↑ | 62↓ | $234K↑ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.