The median home in Valparaiso, Indiana is valued at $345,682, up 1.5% year over year. Typical monthly rent is $1,422, producing a price-to-rent ratio of 20.3x — well above the national average of 18x. Valparaiso 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$345,682

+1.5%

Rent$1,422/mo

AFFORDABILITY

Enter your income for Valparaiso.

Income (annual)

Down Payment

$69,136 on $345,682

Stretch — 34% of income

Above 28% but manageable with cuts.

PITI$2,126

P/I34%

Afford$285K

Gap-$61K

P&I $1,748Tax $245Ins $133

Renting $704/mo cheaper ($1,422 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 Valparaiso 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 →

VALPARAISO, IN