The typical owner-occupied home in Sandborn is worth about $94,400, 57% below the Indiana median of $218,200 and 72% below the national median of $332,700. Owners pay a median $558 a year in property taxes, about 0.59% of their home's value, lower than the Indiana rate of 0.74%. The median household earns $61,125 a year, so the median home costs 1.5 times the median income (3.0 times for Indiana). 84% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Sandborn at a glance
| Sandborn | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $94,400 | $218,200 | $332,700 |
| Median property tax paid per year | $558 | $1,614 | $3,119 |
| Property tax as a share of value | 0.59% | 0.74% | 0.94% |
| Median household income | $61,125 | $71,957 | $80,734 |
| Homes lived in by their owners | 84% | 71% | 65% |
| Owner homes with a mortgage | 53% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $858 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 19.0% | 18.1% | 21.0% |
| Median rent | $683 | $1,062 | $1,413 |
| Rent as a share of renters' income | 20.0% | 29.1% | 30.6% |
| Median year homes were built | 1945 | 1976 | 1980 |
| Vacant homes | 19.3% | 8.8% | 10.1% |
| Population | 339 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Sandborn
At this week's average 30-year rate of 7.11%, buying the median Sandborn home of $94,400 with 20% down costs about $594 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $751, 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 $25,448 for the 20%-down payment. That payment is 12% of the median Sandborn household income of $61,125; at that income and 20% down, the 28% guideline points to a home of about $227,000.
The median rent here is $683 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $18,880 |
|---|---|
| Loan amount | $75,520 |
| Principal and interest | $508 |
| Property taxes (0.59% a year) | $46 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| PMI | $0 |
| Total per month | $594 |
Change the numbers in the calculator
| Down payment | $3,304 |
|---|---|
| Loan amount | $92,690 |
| Principal and interest | $624 |
| Property taxes (0.59% a year) | $46 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| FHA mortgage insurance | $42 |
| Total per month | $751 |
Change the numbers in the calculator
Questions about home buying in Sandborn
What is the median home value in Sandborn?
About $94,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sandborn?
Homeowners pay a median $558 a year, which is about 0.59% 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 Sandborn?
For the median home with 20% down at 7.11%, the payment is about $594 a month. Keeping that under 28% of gross income takes about $25,448 a year.
More about Sandborn
- Mortgage Refinance in Sandborn
- Debt Relief in Sandborn
- Home Equity Loans in Sandborn
- 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