The typical owner-occupied home in Goshen is worth about $184,900, 15% below the Indiana median of $218,200 and 44% below the national median of $332,700. Owners pay a median $1,782 a year in property taxes, about 0.96% of their home's value, higher than the Indiana rate of 0.74%. The median household earns $59,184 a year, so the median home costs 3.1 times the median income (3.0 times for Indiana). 62% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Goshen at a glance
| Goshen | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $184,900 | $218,200 | $332,700 |
| Median property tax paid per year | $1,782 | $1,614 | $3,119 |
| Property tax as a share of value | 0.96% | 0.74% | 0.94% |
| Median household income | $59,184 | $71,957 | $80,734 |
| Homes lived in by their owners | 62% | 71% | 65% |
| Owner homes with a mortgage | 57% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,229 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 18.6% | 18.1% | 21.0% |
| Median rent | $1,093 | $1,062 | $1,413 |
| Rent as a share of renters' income | 29.8% | 29.1% | 30.6% |
| Median year homes were built | 1980 | 1976 | 1980 |
| Vacant homes | 11.3% | 8.8% | 10.1% |
| Population | 34,420 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Goshen
At this week's average 30-year rate of 7.11%, buying the median Goshen home of $184,900 with 20% down costs about $1,220 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,528, 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 $52,287 for the 20%-down payment. That payment is 25% of the median Goshen household income of $59,184; at that income and 20% down, the 28% guideline points to a home of about $209,000.
The median rent here is $1,093 a month, so owning the median home costs about $127 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $36,980 |
|---|---|
| Loan amount | $147,920 |
| Principal and interest | $995 |
| Property taxes (0.96% a year) | $148 |
| Homeowners insurance (our estimate, 0.5% a year) | $77 |
| PMI | $0 |
| Total per month | $1,220 |
Change the numbers in the calculator
| Down payment | $6,472 |
|---|---|
| Loan amount | $181,551 |
| Principal and interest | $1,221 |
| Property taxes (0.96% a year) | $148 |
| Homeowners insurance (our estimate, 0.5% a year) | $77 |
| FHA mortgage insurance | $82 |
| Total per month | $1,528 |
Change the numbers in the calculator
Questions about home buying in Goshen
What is the median home value in Goshen?
About $184,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Goshen?
Homeowners pay a median $1,782 a year, which is about 0.96% 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 Goshen?
For the median home with 20% down at 7.11%, the payment is about $1,220 a month. Keeping that under 28% of gross income takes about $52,287 a year.
More about Goshen
- Mortgage Refinance in Goshen
- Debt Relief in Goshen
- Home Equity Loans in Goshen
- 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