The typical owner-occupied home in Jonesville is worth about $123,400, 43% below the Indiana median of $218,200 and 63% below the national median of $332,700. Owners pay a median $588 a year in property taxes, about 0.48% of their home's value, lower than the Indiana rate of 0.74%. The median household earns $55,179 a year, so the median home costs 2.2 times the median income (3.0 times for Indiana). 91% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Jonesville at a glance
| Jonesville | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $123,400 | $218,200 | $332,700 |
| Median property tax paid per year | $588 | $1,614 | $3,119 |
| Property tax as a share of value | 0.48% | 0.74% | 0.94% |
| Median household income | $55,179 | $71,957 | $80,734 |
| Homes lived in by their owners | 91% | 71% | 65% |
| Owner homes with a mortgage | 59% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,042 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 14.7% | 18.1% | 21.0% |
| Median rent | – | $1,062 | $1,413 |
| Median year homes were built | 1938 | 1976 | 1980 |
| Vacant homes | 2.9% | 8.8% | 10.1% |
| Population | 129 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Jonesville
At this week's average 30-year rate of 7.11%, buying the median Jonesville home of $123,400 with 20% down costs about $765 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $970, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $32,781 for the 20%-down payment. That payment is 17% of the median Jonesville household income of $55,179; at that income and 20% down, the 28% guideline points to a home of about $208,000.
| Down payment | $24,680 |
|---|---|
| Loan amount | $98,720 |
| Principal and interest | $664 |
| Property taxes (0.48% a year) | $49 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| PMI | $0 |
| Total per month | $765 |
Change the numbers in the calculator
| Down payment | $4,319 |
|---|---|
| Loan amount | $121,165 |
| Principal and interest | $815 |
| Property taxes (0.48% a year) | $49 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| FHA mortgage insurance | $55 |
| Total per month | $970 |
Change the numbers in the calculator
Questions about home buying in Jonesville
What is the median home value in Jonesville?
About $123,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Jonesville?
Homeowners pay a median $588 a year, which is about 0.48% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Jonesville?
For the median home with 20% down at 7.11%, the payment is about $765 a month. Keeping that under 28% of gross income takes about $32,781 a year.
More about Jonesville
- Mortgage Refinance in Jonesville
- Debt Relief in Jonesville
- Home Equity Loans in Jonesville
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data