The typical owner-occupied home in Dearborn County is worth about $243,400, 12% above the Indiana median of $218,200 and 27% below the national median of $332,700. Owners pay a median $1,789 a year in property taxes, about 0.74% of their home's value, close to the Indiana rate of 0.74%. The median household earns $84,735 a year, so the median home costs 2.9 times the median income (3.0 times for Indiana). 85% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Dearborn County at a glance
| Dearborn County | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $243,400 | $218,200 | $332,700 |
| Median property tax paid per year | $1,789 | $1,614 | $3,119 |
| Property tax as a share of value | 0.74% | 0.74% | 0.94% |
| Median household income | $84,735 | $71,957 | $80,734 |
| Homes lived in by their owners | 85% | 71% | 65% |
| Owner homes with a mortgage | 65% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,518 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 19.3% | 18.1% | 21.0% |
| Median rent | $845 | $1,062 | $1,413 |
| Rent as a share of renters' income | 26.6% | 29.1% | 30.6% |
| Median year homes were built | 1982 | 1976 | 1980 |
| Vacant homes | 3.9% | 8.8% | 10.1% |
| Population | 51,094 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Dearborn County
At this week's average 30-year rate of 7.11%, buying the median Dearborn County home of $243,400 with 20% down costs about $1,561 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,967, 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 $66,917 for the 20%-down payment. That payment is 22% of the median Dearborn County household income of $84,735; at that income and 20% down, the 28% guideline points to a home of about $308,000.
The median rent here is $845 a month, so owning the median home costs about $716 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $48,680 |
|---|---|
| Loan amount | $194,720 |
| Principal and interest | $1,310 |
| Property taxes (0.74% a year) | $150 |
| Homeowners insurance (our estimate, 0.5% a year) | $101 |
| PMI | $0 |
| Total per month | $1,561 |
Change the numbers in the calculator
| Down payment | $8,519 |
|---|---|
| Loan amount | $238,991 |
| Principal and interest | $1,608 |
| Property taxes (0.74% a year) | $150 |
| Homeowners insurance (our estimate, 0.5% a year) | $101 |
| FHA mortgage insurance | $108 |
| Total per month | $1,967 |
Change the numbers in the calculator
Questions about home buying in Dearborn County
What is the median home value in Dearborn County?
About $243,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Dearborn County?
Homeowners pay a median $1,789 a year, which is about 0.74% 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 Dearborn County?
For the median home with 20% down at 7.11%, the payment is about $1,561 a month. Keeping that under 28% of gross income takes about $66,917 a year.
More about Dearborn County
- Mortgage Refinance in Dearborn County
- Debt Relief in Dearborn County
- Home Equity Loans in Dearborn 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