The typical owner-occupied home in Carroll County is worth about $180,900, 17% below the Indiana median of $218,200 and 46% below the national median of $332,700. Owners pay a median $1,015 a year in property taxes, about 0.56% of their home's value, lower than the Indiana rate of 0.74%. The median household earns $65,645 a year, so the median home costs 2.8 times the median income (3.0 times for Indiana). 82% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.
Carroll County at a glance
| Carroll County | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $180,900 | $218,200 | $332,700 |
| Median property tax paid per year | $1,015 | $1,614 | $3,119 |
| Property tax as a share of value | 0.56% | 0.74% | 0.94% |
| Median household income | $65,645 | $71,957 | $80,734 |
| Homes lived in by their owners | 82% | 71% | 65% |
| Owner homes with a mortgage | 55% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,190 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 18.5% | 18.1% | 21.0% |
| Median rent | $890 | $1,062 | $1,413 |
| Rent as a share of renters' income | 22.5% | 29.1% | 30.6% |
| Median year homes were built | 1966 | 1976 | 1980 |
| Vacant homes | 15.4% | 8.8% | 10.1% |
| Population | 20,535 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Carroll County
At this week's average 30-year rate of 7.11%, buying the median Carroll County home of $180,900 with 20% down costs about $1,133 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,435, 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 $48,572 for the 20%-down payment. That payment is 21% of the median Carroll County household income of $65,645; at that income and 20% down, the 28% guideline points to a home of about $244,000.
The median rent here is $890 a month, so owning the median home costs about $243 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $36,180 |
|---|---|
| Loan amount | $144,720 |
| Principal and interest | $974 |
| Property taxes (0.56% a year) | $84 |
| Homeowners insurance (our estimate, 0.5% a year) | $75 |
| PMI | $0 |
| Total per month | $1,133 |
Change the numbers in the calculator
| Down payment | $6,332 |
|---|---|
| Loan amount | $177,623 |
| Principal and interest | $1,195 |
| Property taxes (0.56% a year) | $84 |
| Homeowners insurance (our estimate, 0.5% a year) | $75 |
| FHA mortgage insurance | $80 |
| Total per month | $1,435 |
Change the numbers in the calculator
Questions about home buying in Carroll County
What is the median home value in Carroll County?
About $180,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Carroll County?
Homeowners pay a median $1,015 a year, which is about 0.56% 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 Carroll County?
For the median home with 20% down at 7.11%, the payment is about $1,133 a month. Keeping that under 28% of gross income takes about $48,572 a year.
More about Carroll County
- Mortgage Refinance in Carroll County
- Debt Relief in Carroll County
- Home Equity Loans in Carroll 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