The typical owner-occupied home in English is worth about $94,700, 57% below the Indiana median of $218,200 and 72% below the national median of $332,700. Owners pay a median $765 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 $35,991 a year, so the median home costs 2.6 times the median income (3.0 times for Indiana). 76% of occupied homes here are lived in by their owners, and 70% of those owners still have a mortgage.
English at a glance
| English | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $94,700 | $218,200 | $332,700 |
| Median property tax paid per year | $765 | $1,614 | $3,119 |
| Property tax as a share of value | 0.81% | 0.74% | 0.94% |
| Median household income | $35,991 | $71,957 | $80,734 |
| Homes lived in by their owners | 76% | 71% | 65% |
| Owner homes with a mortgage | 70% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,030 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 31.9% | 18.1% | 21.0% |
| Median rent | $692 | $1,062 | $1,413 |
| Rent as a share of renters' income | 27.3% | 29.1% | 30.6% |
| Median year homes were built | 1975 | 1976 | 1980 |
| Vacant homes | 18.3% | 8.8% | 10.1% |
| Population | 1,008 | 6,851,073 | 334,922,499 |
What a typical home costs per month in English
At this week's average 30-year rate of 7.11%, buying the median English home of $94,700 with 20% down costs about $613 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $771, 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 $26,272 for the 20%-down payment. That payment is 20% of the median English household income of $35,991; at that income and 20% down, the 28% guideline points to a home of about $130,000.
The median rent here is $692 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $18,940 |
|---|---|
| Loan amount | $75,760 |
| Principal and interest | $510 |
| Property taxes (0.81% a year) | $64 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| PMI | $0 |
| Total per month | $613 |
Change the numbers in the calculator
| Down payment | $3,314 |
|---|---|
| Loan amount | $92,985 |
| Principal and interest | $626 |
| Property taxes (0.81% a year) | $64 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| FHA mortgage insurance | $42 |
| Total per month | $771 |
Change the numbers in the calculator
Questions about home buying in English
What is the median home value in English?
About $94,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in English?
Homeowners pay a median $765 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 English?
For the median home with 20% down at 7.11%, the payment is about $613 a month. Keeping that under 28% of gross income takes about $26,272 a year.
More about English
- Mortgage Refinance in English
- Debt Relief in English
- Home Equity Loans in English
- 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