The typical owner-occupied home in Switz City is worth about $57,900, 73% below the Indiana median of $218,200 and 83% below the national median of $332,700. Owners pay a median $513 a year in property taxes, about 0.89% of their home's value, higher than the Indiana rate of 0.74%. The median household earns $42,500 a year, so the median home costs 1.4 times the median income (3.0 times for Indiana). 68% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Switz City at a glance
| Switz City | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $57,900 | $218,200 | $332,700 |
| Median property tax paid per year | $513 | $1,614 | $3,119 |
| Property tax as a share of value | 0.89% | 0.74% | 0.94% |
| Median household income | $42,500 | $71,957 | $80,734 |
| Homes lived in by their owners | 68% | 71% | 65% |
| Owner homes with a mortgage | 51% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,025 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 22.0% | 18.1% | 21.0% |
| Median rent | $681 | $1,062 | $1,413 |
| Rent as a share of renters' income | 29.6% | 29.1% | 30.6% |
| Median year homes were built | 1972 | 1976 | 1980 |
| Vacant homes | 6.6% | 8.8% | 10.1% |
| Population | 306 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Switz City
At this week's average 30-year rate of 7.11%, buying the median Switz City home of $57,900 with 20% down costs about $379 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $475, 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 $16,229 for the 20%-down payment. That payment is 11% of the median Switz City household income of $42,500; at that income and 20% down, the 28% guideline points to a home of about $152,000.
The median rent here is $681 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $11,580 |
|---|---|
| Loan amount | $46,320 |
| Principal and interest | $312 |
| Property taxes (0.89% a year) | $43 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| PMI | $0 |
| Total per month | $379 |
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| Down payment | $2,026 |
|---|---|
| Loan amount | $56,851 |
| Principal and interest | $382 |
| Property taxes (0.89% a year) | $43 |
| Homeowners insurance (our estimate, 0.5% a year) | $24 |
| FHA mortgage insurance | $26 |
| Total per month | $475 |
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Questions about home buying in Switz City
What is the median home value in Switz City?
About $57,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Switz City?
Homeowners pay a median $513 a year, which is about 0.89% 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 Switz City?
For the median home with 20% down at 7.11%, the payment is about $379 a month. Keeping that under 28% of gross income takes about $16,229 a year.
More about Switz City
- Mortgage Refinance in Switz City
- Debt Relief in Switz City
- Home Equity Loans in Switz City
- 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