The typical owner-occupied home in Laconia is worth about $80,000, 63% below the Indiana median of $218,200 and 76% below the national median of $332,700. Owners pay a median $342 a year in property taxes, about 0.43% of their home's value, lower than the Indiana rate of 0.74%. The median household earns $53,750 a year, so the median home costs 1.5 times the median income (3.0 times for Indiana). 75% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Laconia at a glance
| Laconia | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $80,000 | $218,200 | $332,700 |
| Median property tax paid per year | $342 | $1,614 | $3,119 |
| Property tax as a share of value | 0.43% | 0.74% | 0.94% |
| Median household income | $53,750 | $71,957 | $80,734 |
| Homes lived in by their owners | 75% | 71% | 65% |
| Owner homes with a mortgage | 42% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $663 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 14.2% | 18.1% | 21.0% |
| Median rent | – | $1,062 | $1,413 |
| Median year homes were built | 1953 | 1976 | 1980 |
| Vacant homes | 15.8% | 8.8% | 10.1% |
| Population | 47 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Laconia
At this week's average 30-year rate of 7.11%, buying the median Laconia home of $80,000 with 20% down costs about $493 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $626, 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 $21,108 for the 20%-down payment. That payment is 11% of the median Laconia household income of $53,750; at that income and 20% down, the 28% guideline points to a home of about $204,000.
| Down payment | $16,000 |
|---|---|
| Loan amount | $64,000 |
| Principal and interest | $431 |
| Property taxes (0.43% a year) | $29 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| PMI | $0 |
| Total per month | $493 |
Change the numbers in the calculator
| Down payment | $2,800 |
|---|---|
| Loan amount | $78,551 |
| Principal and interest | $528 |
| Property taxes (0.43% a year) | $29 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| FHA mortgage insurance | $35 |
| Total per month | $626 |
Change the numbers in the calculator
Questions about home buying in Laconia
What is the median home value in Laconia?
About $80,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Laconia?
Homeowners pay a median $342 a year, which is about 0.43% 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 Laconia?
For the median home with 20% down at 7.11%, the payment is about $493 a month. Keeping that under 28% of gross income takes about $21,108 a year.
More about Laconia
- Mortgage Refinance in Laconia
- Debt Relief in Laconia
- Home Equity Loans in Laconia
- 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