The median home in Hobart, Indiana is valued at $232,596, up 0.9% year over year. Typical monthly rent is $1,311, producing a price-to-rent ratio of 14.8x — below the national average of 18x. Hobart is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Chicago-Naperville-Elgin, IL-IN-WI stress score, crash risk, and 12-month forecast →

Home Value$232,596

+0.9%

Rent$1,311/mo

AFFORDABILITY

Enter your income for Hobart.

Income (annual)

Down Payment

$46,519 on $232,596

Affordable — 23.6% of income

Under the 28% guideline.

PITI$1,474

P/I23.6%

Afford$276K

Room+$44K

P&I $1,176Tax $165Ins $133

Renting $163/mo cheaper ($1,311 rent)6.50% 30yr, 20% down, county tax + IN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Indiana

Compare Hobart with other housing markets across Indiana.

Dune Acres$889K Clear Lake$747K Long Beach$720K Zionsville$661K Carmel$548K Michiana Shores$540K Ogden Dunes$467K Westfield$460K

Full Chicago-Naperville-Elgin, IL-IN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Chicago-Naperville-Elgin, IL-IN-WI metro.

View Chicago-Naperville-Elgin, IL-IN-WI metro →

HOBART, IN