The typical owner-occupied home in Grant County is worth about $122,300, 44% below the Indiana median of $218,200 and 63% below the national median of $332,700. Owners pay a median $884 a year in property taxes, about 0.72% of their home's value, close to the Indiana rate of 0.74%. The median household earns $53,522 a year, so the median home costs 2.3 times the median income (3.0 times for Indiana). 73% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Grant County at a glance
| Grant County | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $122,300 | $218,200 | $332,700 |
| Median property tax paid per year | $884 | $1,614 | $3,119 |
| Property tax as a share of value | 0.72% | 0.74% | 0.94% |
| Median household income | $53,522 | $71,957 | $80,734 |
| Homes lived in by their owners | 73% | 71% | 65% |
| Owner homes with a mortgage | 58% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,096 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 19.3% | 18.1% | 21.0% |
| Median rent | $853 | $1,062 | $1,413 |
| Rent as a share of renters' income | 26.8% | 29.1% | 30.6% |
| Median year homes were built | 1963 | 1976 | 1980 |
| Vacant homes | 10.5% | 8.8% | 10.1% |
| Population | 66,295 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Grant County
At this week's average 30-year rate of 7.11%, buying the median Grant County home of $122,300 with 20% down costs about $783 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $986, 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 $33,537 for the 20%-down payment. That payment is 18% of the median Grant County household income of $53,522; at that income and 20% down, the 28% guideline points to a home of about $195,000.
The median rent here is $853 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $24,460 |
|---|---|
| Loan amount | $97,840 |
| Principal and interest | $658 |
| Property taxes (0.72% a year) | $73 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| PMI | $0 |
| Total per month | $783 |
Change the numbers in the calculator
| Down payment | $4,280 |
|---|---|
| Loan amount | $120,085 |
| Principal and interest | $808 |
| Property taxes (0.72% a year) | $73 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| FHA mortgage insurance | $54 |
| Total per month | $986 |
Change the numbers in the calculator
Questions about home buying in Grant County
What is the median home value in Grant County?
About $122,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Grant County?
Homeowners pay a median $884 a year, which is about 0.72% 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 Grant County?
For the median home with 20% down at 7.11%, the payment is about $783 a month. Keeping that under 28% of gross income takes about $33,537 a year.
More about Grant County
- Mortgage Refinance in Grant County
- Debt Relief in Grant County
- Home Equity Loans in Grant County
- 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