The typical owner-occupied home in Ferdinand is worth about $187,900, 14% below the Indiana median of $218,200 and 44% below the national median of $332,700. Owners pay a median $1,392 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 $70,000 a year, so the median home costs 2.7 times the median income (3.0 times for Indiana). 78% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Ferdinand at a glance
| Ferdinand | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $187,900 | $218,200 | $332,700 |
| Median property tax paid per year | $1,392 | $1,614 | $3,119 |
| Property tax as a share of value | 0.74% | 0.74% | 0.94% |
| Median household income | $70,000 | $71,957 | $80,734 |
| Homes lived in by their owners | 78% | 71% | 65% |
| Owner homes with a mortgage | 46% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,227 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 17.9% | 18.1% | 21.0% |
| Median rent | $807 | $1,062 | $1,413 |
| Rent as a share of renters' income | 23.9% | 29.1% | 30.6% |
| Median year homes were built | 1971 | 1976 | 1980 |
| Vacant homes | 8.1% | 8.8% | 10.1% |
| Population | 2,351 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Ferdinand
At this week's average 30-year rate of 7.11%, buying the median Ferdinand home of $187,900 with 20% down costs about $1,205 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,518, 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 $51,659 for the 20%-down payment. That payment is 21% of the median Ferdinand household income of $70,000; at that income and 20% down, the 28% guideline points to a home of about $255,000.
The median rent here is $807 a month, so owning the median home costs about $398 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $37,580 |
|---|---|
| Loan amount | $150,320 |
| Principal and interest | $1,011 |
| Property taxes (0.74% a year) | $116 |
| Homeowners insurance (our estimate, 0.5% a year) | $78 |
| PMI | $0 |
| Total per month | $1,205 |
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| Down payment | $6,576 |
|---|---|
| Loan amount | $184,497 |
| Principal and interest | $1,241 |
| Property taxes (0.74% a year) | $116 |
| Homeowners insurance (our estimate, 0.5% a year) | $78 |
| FHA mortgage insurance | $83 |
| Total per month | $1,518 |
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Questions about home buying in Ferdinand
What is the median home value in Ferdinand?
About $187,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ferdinand?
Homeowners pay a median $1,392 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 Ferdinand?
For the median home with 20% down at 7.11%, the payment is about $1,205 a month. Keeping that under 28% of gross income takes about $51,659 a year.
More about Ferdinand
- Mortgage Refinance in Ferdinand
- Debt Relief in Ferdinand
- Home Equity Loans in Ferdinand
- 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