COUNTY |
|
|
Indiana
Mortgage Calculator
How Much Will Your Mortgage Be in Indiana?
Indiana is a state located in the midwestern and Great Lakes region of North America bordering Lake Michigan to the northwest. The housing market here is one of the most affordable in the U.S. with residents spending 17% of their income of their homes, significantly less than the national average spend. Also, see FHA Loan in Indiana for details and requirements for a home in the state. If you are a first-time homebuyer in Indiana, check out our homebuying guide for Indiana.
Let's Calculate Your Indiana Mortgage Payment
FIXED
We're working on getting the best quote possible.
We'll be in touch with you soon!
Homes You May Like
Indiana Home and Mortgage
Stats to Know
County | Avg. Home Price | Avg. Days on Market |
---|
Source of Info PropertyPath
Factors That Can Affect Your Indiana Mortgage Calculations
Indiana Job Stats to Consider
Indiana has a diverse economy, home to professional sports teams and host to major athletic events. A large percentage of the state’s economy comes from manufacturing. Indiana’s top exports are motor vehicles and auto parts, pharmaceutical products, optical and medical equipment, and electric machinery and industrial machinery. Furthermore, Indiana is home to seven Fortune 500 companies.
The median household income recorded in Indiana was $55,746, below the national average of $61,937, based on information collected form the Census ACS 1-year survey in 2018. This has risen slightly over the past few years.
Residents of Indianapolis have a median income higher than the rest of the state. The unemployment rate in November 2019 was recorded at 3.2%, lower than the national average of 3.6%, according to information gathered by the Department of Numbers.
Indiana has a flat statewide income tax at a rate of 3.23%. However, many counties charge an additional income tax. The state sales tax is 7% with groceries and prescription drugs exempt from tax.