🏦 Mortgage Calculators Indiana

How Much House Can I Afford in Indiana?

Find out how much house you can afford in Indiana with 0.85% property tax. Uses 28/36 rule with Indiana-specific data.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

Indiana Quick Facts

3.0% Income Tax Rate

0.85% Property Tax Rate

$61,944 Median Income

90.5 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Calculates home affordability in Indiana using the 28/36 rule. Maximum 28% of gross monthly income for housing (PITI). Includes Indiana's effective property tax rate of 0.85% and average home insurance of $1,540/year. Median home price in Indiana: $225,000.

Key State Information

Indiana housing market: Median home price $225,000 | Property tax rate 0.85% | Avg home insurance $1,540/yr | Median household income $61,944. Home prices are moderate relative to income.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Census Bureau, Zillow, Tax Foundation

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

How much house can I afford on the median income in Indiana?

With Indiana's median household income of $61,944 and a 10% down payment, you can typically afford a home priced around $216,804-$278,748 depending on debts and interest rates. The median home in Indiana costs $225,000.

What is the property tax rate in Indiana?

Indiana's effective property tax rate is 0.85%. On a $225,000 home, that's approximately $1,913/year or $159/month.