The typical owner-occupied home in Blackford County is worth about $107,500, 51% below the Indiana median of $218,200 and 68% below the national median of $332,700. Owners pay a median $873 a year in property taxes, about 0.81% of their home's value, higher than the Indiana rate of 0.74%. The median household earns $51,326 a year, so the median home costs 2.1 times the median income (3.0 times for Indiana). 74% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Blackford County at a glance
| Blackford County | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $107,500 | $218,200 | $332,700 |
| Median property tax paid per year | $873 | $1,614 | $3,119 |
| Property tax as a share of value | 0.81% | 0.74% | 0.94% |
| Median household income | $51,326 | $71,957 | $80,734 |
| Homes lived in by their owners | 74% | 71% | 65% |
| Owner homes with a mortgage | 50% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,107 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 16.7% | 18.1% | 21.0% |
| Median rent | $699 | $1,062 | $1,413 |
| Rent as a share of renters' income | 26.5% | 29.1% | 30.6% |
| Median year homes were built | 1960 | 1976 | 1980 |
| Vacant homes | 11.6% | 8.8% | 10.1% |
| Population | 11,950 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Blackford County
At this week's average 30-year rate of 7.11%, buying the median Blackford County home of $107,500 with 20% down costs about $696 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $875, 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 $29,823 for the 20%-down payment. That payment is 16% of the median Blackford County household income of $51,326; at that income and 20% down, the 28% guideline points to a home of about $185,000.
The median rent here is $699 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $21,500 |
|---|---|
| Loan amount | $86,000 |
| Principal and interest | $579 |
| Property taxes (0.81% a year) | $73 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| PMI | $0 |
| Total per month | $696 |
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| Down payment | $3,762 |
|---|---|
| Loan amount | $105,553 |
| Principal and interest | $710 |
| Property taxes (0.81% a year) | $73 |
| Homeowners insurance (our estimate, 0.5% a year) | $45 |
| FHA mortgage insurance | $48 |
| Total per month | $875 |
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Questions about home buying in Blackford County
What is the median home value in Blackford County?
About $107,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Blackford County?
Homeowners pay a median $873 a year, which is about 0.81% 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 Blackford County?
For the median home with 20% down at 7.11%, the payment is about $696 a month. Keeping that under 28% of gross income takes about $29,823 a year.
More about Blackford County
- Mortgage Refinance in Blackford County
- Debt Relief in Blackford County
- Home Equity Loans in Blackford County
- 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