The typical owner-occupied home in Kewanna is worth about $77,300, 65% below the Indiana median of $218,200 and 77% below the national median of $332,700. Owners pay a median $500 a year in property taxes, about 0.65% of their home's value, lower than the Indiana rate of 0.74%. The median household earns $36,528 a year, so the median home costs 2.1 times the median income (3.0 times for Indiana). 76% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Kewanna at a glance
| Kewanna | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $77,300 | $218,200 | $332,700 |
| Median property tax paid per year | $500 | $1,614 | $3,119 |
| Property tax as a share of value | 0.65% | 0.74% | 0.94% |
| Median household income | $36,528 | $71,957 | $80,734 |
| Homes lived in by their owners | 76% | 71% | 65% |
| Owner homes with a mortgage | 34% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $903 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 17.7% | 18.1% | 21.0% |
| Median rent | – | $1,062 | $1,413 |
| Rent as a share of renters' income | 33.2% | 29.1% | 30.6% |
| Median year homes were built | 1938 | 1976 | 1980 |
| Vacant homes | 6.7% | 8.8% | 10.1% |
| Population | 533 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Kewanna
At this week's average 30-year rate of 7.11%, buying the median Kewanna home of $77,300 with 20% down costs about $490 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $619, 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 $21,003 for the 20%-down payment. That payment is 16% of the median Kewanna household income of $36,528; at that income and 20% down, the 28% guideline points to a home of about $134,000.
| Down payment | $15,460 |
|---|---|
| Loan amount | $61,840 |
| Principal and interest | $416 |
| Property taxes (0.65% a year) | $42 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| PMI | $0 |
| Total per month | $490 |
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| Down payment | $2,706 |
|---|---|
| Loan amount | $75,900 |
| Principal and interest | $511 |
| Property taxes (0.65% a year) | $42 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| FHA mortgage insurance | $34 |
| Total per month | $619 |
Change the numbers in the calculator
Questions about home buying in Kewanna
What is the median home value in Kewanna?
About $77,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Kewanna?
Homeowners pay a median $500 a year, which is about 0.65% 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 Kewanna?
For the median home with 20% down at 7.11%, the payment is about $490 a month. Keeping that under 28% of gross income takes about $21,003 a year.
More about Kewanna
- Mortgage Refinance in Kewanna
- Debt Relief in Kewanna
- Home Equity Loans in Kewanna
- 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