The typical owner-occupied home in North Webster is worth about $204,500, 6% below the Indiana median of $218,200 and 39% below the national median of $332,700. Owners pay a median $955 a year in property taxes, about 0.47% of their home's value, lower than the Indiana rate of 0.74%. The median household earns $55,278 a year, so the median home costs 3.7 times the median income (3.0 times for Indiana). 73% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
North Webster at a glance
| North Webster | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $204,500 | $218,200 | $332,700 |
| Median property tax paid per year | $955 | $1,614 | $3,119 |
| Property tax as a share of value | 0.47% | 0.74% | 0.94% |
| Median household income | $55,278 | $71,957 | $80,734 |
| Homes lived in by their owners | 73% | 71% | 65% |
| Owner homes with a mortgage | 58% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,179 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 19.9% | 18.1% | 21.0% |
| Median rent | $995 | $1,062 | $1,413 |
| Rent as a share of renters' income | 29.3% | 29.1% | 30.6% |
| Median year homes were built | 1977 | 1976 | 1980 |
| Vacant homes | 31.3% | 8.8% | 10.1% |
| Population | 866 | 6,851,073 | 334,922,499 |
What a typical home costs per month in North Webster
At this week's average 30-year rate of 7.11%, buying the median North Webster home of $204,500 with 20% down costs about $1,266 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,607, 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 $54,251 for the 20%-down payment. That payment is 27% of the median North Webster household income of $55,278; at that income and 20% down, the 28% guideline points to a home of about $208,000.
The median rent here is $995 a month, so owning the median home costs about $271 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $40,900 |
|---|---|
| Loan amount | $163,600 |
| Principal and interest | $1,101 |
| Property taxes (0.47% a year) | $80 |
| Homeowners insurance (our estimate, 0.5% a year) | $85 |
| PMI | $0 |
| Total per month | $1,266 |
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| Down payment | $7,158 |
|---|---|
| Loan amount | $200,796 |
| Principal and interest | $1,351 |
| Property taxes (0.47% a year) | $80 |
| Homeowners insurance (our estimate, 0.5% a year) | $85 |
| FHA mortgage insurance | $90 |
| Total per month | $1,607 |
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Questions about home buying in North Webster
What is the median home value in North Webster?
About $204,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in North Webster?
Homeowners pay a median $955 a year, which is about 0.47% 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 North Webster?
For the median home with 20% down at 7.11%, the payment is about $1,266 a month. Keeping that under 28% of gross income takes about $54,251 a year.
More about North Webster
- Mortgage Refinance in North Webster
- Debt Relief in North Webster
- Home Equity Loans in North Webster
- 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