The typical owner-occupied home in Flora is worth about $158,200, 27% below the Indiana median of $218,200 and 52% below the national median of $332,700. Owners pay a median $1,075 a year in property taxes, about 0.68% of their home's value, lower than the Indiana rate of 0.74%. The median household earns $51,429 a year, so the median home costs 3.1 times the median income (3.0 times for Indiana). 69% of occupied homes here are lived in by their owners, and 48% of those owners still have a mortgage.
Flora at a glance
| Flora | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $158,200 | $218,200 | $332,700 |
| Median property tax paid per year | $1,075 | $1,614 | $3,119 |
| Property tax as a share of value | 0.68% | 0.74% | 0.94% |
| Median household income | $51,429 | $71,957 | $80,734 |
| Homes lived in by their owners | 69% | 71% | 65% |
| Owner homes with a mortgage | 48% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,111 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 18.5% | 18.1% | 21.0% |
| Median rent | $787 | $1,062 | $1,413 |
| Rent as a share of renters' income | 22.8% | 29.1% | 30.6% |
| Median year homes were built | 1959 | 1976 | 1980 |
| Vacant homes | 7.6% | 8.8% | 10.1% |
| Population | 2,114 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Flora
At this week's average 30-year rate of 7.11%, buying the median Flora home of $158,200 with 20% down costs about $1,007 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,270, 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 $43,155 for the 20%-down payment. That payment is 23% of the median Flora household income of $51,429; at that income and 20% down, the 28% guideline points to a home of about $189,000.
The median rent here is $787 a month, so owning the median home costs about $220 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $31,640 |
|---|---|
| Loan amount | $126,560 |
| Principal and interest | $851 |
| Property taxes (0.68% a year) | $90 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| PMI | $0 |
| Total per month | $1,007 |
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| Down payment | $5,537 |
|---|---|
| Loan amount | $155,335 |
| Principal and interest | $1,045 |
| Property taxes (0.68% a year) | $90 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| FHA mortgage insurance | $70 |
| Total per month | $1,270 |
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Questions about home buying in Flora
What is the median home value in Flora?
About $158,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Flora?
Homeowners pay a median $1,075 a year, which is about 0.68% 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 Flora?
For the median home with 20% down at 7.11%, the payment is about $1,007 a month. Keeping that under 28% of gross income takes about $43,155 a year.
More about Flora
- Mortgage Refinance in Flora
- Debt Relief in Flora
- Home Equity Loans in Flora
- 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