The typical owner-occupied home in Jonesboro is worth about $79,500, 64% below the Indiana median of $218,200 and 76% below the national median of $332,700. Owners pay a median $796 a year in property taxes, about 1.00% of their home's value, higher than the Indiana rate of 0.74%. The median household earns $45,833 a year, so the median home costs 1.7 times the median income (3.0 times for Indiana). 79% of occupied homes here are lived in by their owners, and 72% of those owners still have a mortgage.
Jonesboro at a glance
| Jonesboro | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $79,500 | $218,200 | $332,700 |
| Median property tax paid per year | $796 | $1,614 | $3,119 |
| Property tax as a share of value | 1.00% | 0.74% | 0.94% |
| Median household income | $45,833 | $71,957 | $80,734 |
| Homes lived in by their owners | 79% | 71% | 65% |
| Owner homes with a mortgage | 72% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $805 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 20.5% | 18.1% | 21.0% |
| Median rent | $975 | $1,062 | $1,413 |
| Rent as a share of renters' income | 26.9% | 29.1% | 30.6% |
| Median year homes were built | 1954 | 1976 | 1980 |
| Vacant homes | 12.7% | 8.8% | 10.1% |
| Population | 1,578 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Jonesboro
At this week's average 30-year rate of 7.11%, buying the median Jonesboro home of $79,500 with 20% down costs about $527 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $660, 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 $22,595 for the 20%-down payment. That payment is 14% of the median Jonesboro household income of $45,833; at that income and 20% down, the 28% guideline points to a home of about $161,000.
The median rent here is $975 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $15,900 |
|---|---|
| Loan amount | $63,600 |
| Principal and interest | $428 |
| Property taxes (1.00% a year) | $66 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| PMI | $0 |
| Total per month | $527 |
Change the numbers in the calculator
| Down payment | $2,782 |
|---|---|
| Loan amount | $78,060 |
| Principal and interest | $525 |
| Property taxes (1.00% a year) | $66 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| FHA mortgage insurance | $35 |
| Total per month | $660 |
Change the numbers in the calculator
Questions about home buying in Jonesboro
What is the median home value in Jonesboro?
About $79,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Jonesboro?
Homeowners pay a median $796 a year, which is about 1.00% 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 Jonesboro?
For the median home with 20% down at 7.11%, the payment is about $527 a month. Keeping that under 28% of gross income takes about $22,595 a year.
More about Jonesboro
- Mortgage Refinance in Jonesboro
- Debt Relief in Jonesboro
- Home Equity Loans in Jonesboro
- 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