Home Values in Noblesville, Indiana — 2026 Market Report
Updated March 2026 | Buyer's Market | +5.2% YoY
The median home value in Noblesville, Indiana is $345,000 as of March 2026, which is below the national median of $400,000. Home values in Noblesville have increased by 5.2% over the past year and 28.8% over the last five years. With a population of 69,604 and a median household income of $92,250, the price-to-income ratio stands at 3.7x, making Noblesville affordable for the average household.
Noblesville Housing Market Conditions
| Metric | Noblesville | National Avg |
|---|---|---|
| Median Home Value | $345,000 | $400,000 |
| YoY Appreciation | +5.2% | +3.8% |
| 5-Year Appreciation | +28.8% | +22.4% |
| Price per Sq Ft | $87 | $222 |
| Days on Market | 33 days | 45 days |
| Months of Supply | 5.4 | 3.5 |
| List-to-Sale Ratio | 100.3% | 98.5% |
| Monthly Homes Sold | 42 | — |
| Foreclosure Rate | 0.79% | 0.3% |
Home Value Trends in Noblesville
A homeowner who purchased at the median price of $267,857 five years ago in Noblesville would have gained approximately $77,143 in equity, representing a 28.8% return on investment. Over the past year alone, the typical homeowner gained $17,053 in home equity.
Affordability in Noblesville, IN
With a median household income of $92,250 and a median home price of $345,000, the price-to-income ratio in Noblesville is 3.7x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,476 compared to estimated monthly ownership costs of $1,883 gives a rent-vs-buy ratio of 0.76. In Noblesville, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Noblesville
The effective property tax rate in Indiana is 0.85%. On a home valued at $345,000, the estimated annual property tax bill is $2,933, or approximately $244/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Noblesville is 95.5 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Noblesville, IN?
The median home value in Noblesville, Indiana is $345,000 as of March 2026. Home values have changed +5.2% over the past year, with a 5-year appreciation of 28.8%.
Is Noblesville a buyer's or seller's market?
Noblesville is currently a buyer's market with 5.4 months of housing supply. Homes spend an average of 33 days on market, and the list-to-sale price ratio is 100.3%. Higher inventory gives buyers more negotiating power.
Are home values going up in Noblesville?
Yes, home values in Noblesville have increased by 5.2% over the past year. The 5-year appreciation rate is 28.8%, meaning a home worth $267,857 five years ago is now worth $345,000.
Is it better to rent or buy in Noblesville?
The average monthly rent in Noblesville is $2,476, while estimated monthly homeownership costs are approximately $1,883. The price-to-rent ratio is 11.6. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Noblesville, Indiana is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.