The typical owner-occupied home in Middlebury is worth about $243,700, 12% above the Indiana median of $218,200 and 27% below the national median of $332,700. Owners pay a median $2,199 a year in property taxes, about 0.90% of their home's value, higher than the Indiana rate of 0.74%. The median household earns $75,236 a year, so the median home costs 3.2 times the median income (3.0 times for Indiana). 73% of occupied homes here are lived in by their owners, and 70% of those owners still have a mortgage.
Middlebury at a glance
| Middlebury | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $243,700 | $218,200 | $332,700 |
| Median property tax paid per year | $2,199 | $1,614 | $3,119 |
| Property tax as a share of value | 0.90% | 0.74% | 0.94% |
| Median household income | $75,236 | $71,957 | $80,734 |
| Homes lived in by their owners | 73% | 71% | 65% |
| Owner homes with a mortgage | 70% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,571 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 18.9% | 18.1% | 21.0% |
| Median rent | $1,203 | $1,062 | $1,413 |
| Rent as a share of renters' income | 32.3% | 29.1% | 30.6% |
| Median year homes were built | 1986 | 1976 | 1980 |
| Vacant homes | 11.0% | 8.8% | 10.1% |
| Population | 3,700 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Middlebury
At this week's average 30-year rate of 7.11%, buying the median Middlebury home of $243,700 with 20% down costs about $1,596 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,002, 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 $68,393 for the 20%-down payment. That payment is 25% of the median Middlebury household income of $75,236; at that income and 20% down, the 28% guideline points to a home of about $268,000.
The median rent here is $1,203 a month, so owning the median home costs about $393 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $48,740 |
|---|---|
| Loan amount | $194,960 |
| Principal and interest | $1,312 |
| Property taxes (0.90% a year) | $183 |
| Homeowners insurance (our estimate, 0.5% a year) | $102 |
| PMI | $0 |
| Total per month | $1,596 |
Change the numbers in the calculator
| Down payment | $8,530 |
|---|---|
| Loan amount | $239,286 |
| Principal and interest | $1,610 |
| Property taxes (0.90% a year) | $183 |
| Homeowners insurance (our estimate, 0.5% a year) | $102 |
| FHA mortgage insurance | $108 |
| Total per month | $2,002 |
Change the numbers in the calculator
Questions about home buying in Middlebury
What is the median home value in Middlebury?
About $243,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Middlebury?
Homeowners pay a median $2,199 a year, which is about 0.90% 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 Middlebury?
For the median home with 20% down at 7.11%, the payment is about $1,596 a month. Keeping that under 28% of gross income takes about $68,393 a year.
More about Middlebury
- Mortgage Refinance in Middlebury
- Debt Relief in Middlebury
- Home Equity Loans in Middlebury
- 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