The typical owner-occupied home in Greentown is worth about $123,400, 43% below the Indiana median of $218,200 and 63% below the national median of $332,700. Owners pay a median $1,123 a year in property taxes, about 0.91% of their home's value, higher than the Indiana rate of 0.74%. The median household earns $60,521 a year, so the median home costs 2.0 times the median income (3.0 times for Indiana). 80% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Greentown at a glance
| Greentown | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $123,400 | $218,200 | $332,700 |
| Median property tax paid per year | $1,123 | $1,614 | $3,119 |
| Property tax as a share of value | 0.91% | 0.74% | 0.94% |
| Median household income | $60,521 | $71,957 | $80,734 |
| Homes lived in by their owners | 80% | 71% | 65% |
| Owner homes with a mortgage | 66% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,078 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 20.1% | 18.1% | 21.0% |
| Median rent | $850 | $1,062 | $1,413 |
| Rent as a share of renters' income | 24.2% | 29.1% | 30.6% |
| Median year homes were built | 1970 | 1976 | 1980 |
| Vacant homes | 7.6% | 8.8% | 10.1% |
| Population | 2,094 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Greentown
At this week's average 30-year rate of 7.11%, buying the median Greentown home of $123,400 with 20% down costs about $809 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,015, 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 $34,676 for the 20%-down payment. That payment is 16% of the median Greentown household income of $60,521; at that income and 20% down, the 28% guideline points to a home of about $215,000.
The median rent here is $850 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $24,680 |
|---|---|
| Loan amount | $98,720 |
| Principal and interest | $664 |
| Property taxes (0.91% a year) | $94 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| PMI | $0 |
| Total per month | $809 |
Change the numbers in the calculator
| Down payment | $4,319 |
|---|---|
| Loan amount | $121,165 |
| Principal and interest | $815 |
| Property taxes (0.91% a year) | $94 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| FHA mortgage insurance | $55 |
| Total per month | $1,015 |
Change the numbers in the calculator
Questions about home buying in Greentown
What is the median home value in Greentown?
About $123,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Greentown?
Homeowners pay a median $1,123 a year, which is about 0.91% 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 Greentown?
For the median home with 20% down at 7.11%, the payment is about $809 a month. Keeping that under 28% of gross income takes about $34,676 a year.
More about Greentown
- Mortgage Refinance in Greentown
- Debt Relief in Greentown
- Home Equity Loans in Greentown
- 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