The typical owner-occupied home in Floyds Knobs is worth about $372,500, 71% above the Indiana median of $218,200 and 12% above the national median of $332,700. Owners pay a median $2,257 a year in property taxes, about 0.61% of their home's value, lower than the Indiana rate of 0.74%. The median household earns $126,341 a year, so the median home costs 2.9 times the median income (3.0 times for Indiana). 90% of occupied homes here are lived in by their owners, and 69% of those owners still have a mortgage.
Floyds Knobs at a glance
| Floyds Knobs | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $372,500 | $218,200 | $332,700 |
| Median property tax paid per year | $2,257 | $1,614 | $3,119 |
| Property tax as a share of value | 0.61% | 0.74% | 0.94% |
| Median household income | $126,341 | $71,957 | $80,734 |
| Homes lived in by their owners | 90% | 71% | 65% |
| Owner homes with a mortgage | 69% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,871 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 18.3% | 18.1% | 21.0% |
| Median rent | $1,169 | $1,062 | $1,413 |
| Rent as a share of renters' income | 13.7% | 29.1% | 30.6% |
| Median year homes were built | 1993 | 1976 | 1980 |
| Vacant homes | 16.3% | 8.8% | 10.1% |
| Population | 4,515 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Floyds Knobs
At this week's average 30-year rate of 7.11%, buying the median Floyds Knobs home of $372,500 with 20% down costs about $2,349 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,970, 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 $100,681 for the 20%-down payment. That payment is 22% of the median Floyds Knobs household income of $126,341; at that income and 20% down, the 28% guideline points to a home of about $467,000.
The median rent here is $1,169 a month, so owning the median home costs about $1,180 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $74,500 |
|---|---|
| Loan amount | $298,000 |
| Principal and interest | $2,005 |
| Property taxes (0.61% a year) | $189 |
| Homeowners insurance (our estimate, 0.5% a year) | $155 |
| PMI | $0 |
| Total per month | $2,349 |
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| Down payment | $13,038 |
|---|---|
| Loan amount | $365,753 |
| Principal and interest | $2,460 |
| Property taxes (0.61% a year) | $189 |
| Homeowners insurance (our estimate, 0.5% a year) | $155 |
| FHA mortgage insurance | $165 |
| Total per month | $2,970 |
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Questions about home buying in Floyds Knobs
What is the median home value in Floyds Knobs?
About $372,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Floyds Knobs?
Homeowners pay a median $2,257 a year, which is about 0.61% 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 Floyds Knobs?
For the median home with 20% down at 7.11%, the payment is about $2,349 a month. Keeping that under 28% of gross income takes about $100,681 a year.
More about Floyds Knobs
- Mortgage Refinance in Floyds Knobs
- Debt Relief in Floyds Knobs
- Home Equity Loans in Floyds Knobs
- 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