The typical owner-occupied home in Millhousen is worth about $193,100, 12% below the Indiana median of $218,200 and 42% below the national median of $332,700. Owners pay a median $1,307 a year in property taxes, about 0.68% of their home's value, lower than the Indiana rate of 0.74%. 93% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Millhousen at a glance
| Millhousen | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $193,100 | $218,200 | $332,700 |
| Median property tax paid per year | $1,307 | $1,614 | $3,119 |
| Property tax as a share of value | 0.68% | 0.74% | 0.94% |
| Median household income | – | $71,957 | $80,734 |
| Homes lived in by their owners | 93% | 71% | 65% |
| Owner homes with a mortgage | 44% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,385 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 22.8% | 18.1% | 21.0% |
| Median rent | – | $1,062 | $1,413 |
| Median year homes were built | 1968 | 1976 | 1980 |
| Vacant homes | 9.9% | 8.8% | 10.1% |
| Population | 227 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Millhousen
At this week's average 30-year rate of 7.11%, buying the median Millhousen home of $193,100 with 20% down costs about $1,229 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,551, 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 $52,675 for the 20%-down payment.
| Down payment | $38,620 |
|---|---|
| Loan amount | $154,480 |
| Principal and interest | $1,039 |
| Property taxes (0.68% a year) | $109 |
| Homeowners insurance (our estimate, 0.5% a year) | $80 |
| PMI | $0 |
| Total per month | $1,229 |
Change the numbers in the calculator
| Down payment | $6,758 |
|---|---|
| Loan amount | $189,602 |
| Principal and interest | $1,275 |
| Property taxes (0.68% a year) | $109 |
| Homeowners insurance (our estimate, 0.5% a year) | $80 |
| FHA mortgage insurance | $85 |
| Total per month | $1,551 |
Change the numbers in the calculator
Questions about home buying in Millhousen
What is the median home value in Millhousen?
About $193,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Millhousen?
Homeowners pay a median $1,307 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 Millhousen?
For the median home with 20% down at 7.11%, the payment is about $1,229 a month. Keeping that under 28% of gross income takes about $52,675 a year.
More about Millhousen
- Mortgage Refinance in Millhousen
- Debt Relief in Millhousen
- Home Equity Loans in Millhousen
- 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