The typical owner-occupied home in Demotte is worth about $234,800, 8% above the Indiana median of $218,200 and 29% below the national median of $332,700. Owners pay a median $1,302 a year in property taxes, about 0.55% of their home's value, lower than the Indiana rate of 0.74%. The median household earns $69,868 a year, so the median home costs 3.4 times the median income (3.0 times for Indiana). 79% of occupied homes here are lived in by their owners, and 71% of those owners still have a mortgage.
Demotte at a glance
| Demotte | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $234,800 | $218,200 | $332,700 |
| Median property tax paid per year | $1,302 | $1,614 | $3,119 |
| Property tax as a share of value | 0.55% | 0.74% | 0.94% |
| Median household income | $69,868 | $71,957 | $80,734 |
| Homes lived in by their owners | 79% | 71% | 65% |
| Owner homes with a mortgage | 71% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,430 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 23.5% | 18.1% | 21.0% |
| Median rent | $1,092 | $1,062 | $1,413 |
| Rent as a share of renters' income | 35.7% | 29.1% | 30.6% |
| Median year homes were built | 1993 | 1976 | 1980 |
| Vacant homes | 9.8% | 8.8% | 10.1% |
| Population | 4,234 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Demotte
At this week's average 30-year rate of 7.11%, buying the median Demotte home of $234,800 with 20% down costs about $1,469 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,860, 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 $62,960 for the 20%-down payment. That payment is 25% of the median Demotte household income of $69,868; at that income and 20% down, the 28% guideline points to a home of about $261,000.
The median rent here is $1,092 a month, so owning the median home costs about $377 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $46,960 |
|---|---|
| Loan amount | $187,840 |
| Principal and interest | $1,264 |
| Property taxes (0.55% a year) | $108 |
| Homeowners insurance (our estimate, 0.5% a year) | $98 |
| PMI | $0 |
| Total per month | $1,469 |
Change the numbers in the calculator
| Down payment | $8,218 |
|---|---|
| Loan amount | $230,547 |
| Principal and interest | $1,551 |
| Property taxes (0.55% a year) | $108 |
| Homeowners insurance (our estimate, 0.5% a year) | $98 |
| FHA mortgage insurance | $104 |
| Total per month | $1,860 |
Change the numbers in the calculator
Questions about home buying in Demotte
What is the median home value in Demotte?
About $234,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Demotte?
Homeowners pay a median $1,302 a year, which is about 0.55% 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 Demotte?
For the median home with 20% down at 7.11%, the payment is about $1,469 a month. Keeping that under 28% of gross income takes about $62,960 a year.
More about Demotte
- Mortgage Refinance in Demotte
- Debt Relief in Demotte
- Home Equity Loans in Demotte
- 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