The typical owner-occupied home in Eaton is worth about $89,800, 59% below the Indiana median of $218,200 and 73% below the national median of $332,700. Owners pay a median $644 a year in property taxes, about 0.72% of their home's value, close to the Indiana rate of 0.74%. The median household earns $54,531 a year, so the median home costs 1.6 times the median income (3.0 times for Indiana). 73% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Eaton at a glance
| Eaton | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $89,800 | $218,200 | $332,700 |
| Median property tax paid per year | $644 | $1,614 | $3,119 |
| Property tax as a share of value | 0.72% | 0.74% | 0.94% |
| Median household income | $54,531 | $71,957 | $80,734 |
| Homes lived in by their owners | 73% | 71% | 65% |
| Owner homes with a mortgage | 57% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,011 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 20.6% | 18.1% | 21.0% |
| Median rent | $690 | $1,062 | $1,413 |
| Rent as a share of renters' income | 23.2% | 29.1% | 30.6% |
| Median year homes were built | 1957 | 1976 | 1980 |
| Vacant homes | 12.5% | 8.8% | 10.1% |
| Population | 1,630 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Eaton
At this week's average 30-year rate of 7.11%, buying the median Eaton home of $89,800 with 20% down costs about $575 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $724, 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 $24,624 for the 20%-down payment. That payment is 13% of the median Eaton household income of $54,531; at that income and 20% down, the 28% guideline points to a home of about $199,000.
The median rent here is $690 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,960 |
|---|---|
| Loan amount | $71,840 |
| Principal and interest | $483 |
| Property taxes (0.72% a year) | $54 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| PMI | $0 |
| Total per month | $575 |
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| Down payment | $3,143 |
|---|---|
| Loan amount | $88,174 |
| Principal and interest | $593 |
| Property taxes (0.72% a year) | $54 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| FHA mortgage insurance | $40 |
| Total per month | $724 |
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Questions about home buying in Eaton
What is the median home value in Eaton?
About $89,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Eaton?
Homeowners pay a median $644 a year, which is about 0.72% 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 Eaton?
For the median home with 20% down at 7.11%, the payment is about $575 a month. Keeping that under 28% of gross income takes about $24,624 a year.
More about Eaton
- Mortgage Refinance in Eaton
- Debt Relief in Eaton
- Home Equity Loans in Eaton
- 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