The typical owner-occupied home in Pierceton is worth about $117,600, 46% below the Indiana median of $218,200 and 65% below the national median of $332,700. Owners pay a median $645 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 $80,625 a year, so the median home costs 1.5 times the median income (3.0 times for Indiana). 77% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Pierceton at a glance
| Pierceton | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $117,600 | $218,200 | $332,700 |
| Median property tax paid per year | $645 | $1,614 | $3,119 |
| Property tax as a share of value | 0.55% | 0.74% | 0.94% |
| Median household income | $80,625 | $71,957 | $80,734 |
| Homes lived in by their owners | 77% | 71% | 65% |
| Owner homes with a mortgage | 63% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,142 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 14.1% | 18.1% | 21.0% |
| Median rent | $912 | $1,062 | $1,413 |
| Rent as a share of renters' income | 20.9% | 29.1% | 30.6% |
| Median year homes were built | 1944 | 1976 | 1980 |
| Vacant homes | 7.4% | 8.8% | 10.1% |
| Population | 1,451 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Pierceton
At this week's average 30-year rate of 7.11%, buying the median Pierceton home of $117,600 with 20% down costs about $736 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $932, 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 $31,533 for the 20%-down payment. That payment is 11% of the median Pierceton household income of $80,625; at that income and 20% down, the 28% guideline points to a home of about $301,000.
The median rent here is $912 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $23,520 |
|---|---|
| Loan amount | $94,080 |
| Principal and interest | $633 |
| Property taxes (0.55% a year) | $54 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| PMI | $0 |
| Total per month | $736 |
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| Down payment | $4,116 |
|---|---|
| Loan amount | $115,470 |
| Principal and interest | $777 |
| Property taxes (0.55% a year) | $54 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| FHA mortgage insurance | $52 |
| Total per month | $932 |
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Questions about home buying in Pierceton
What is the median home value in Pierceton?
About $117,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Pierceton?
Homeowners pay a median $645 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 Pierceton?
For the median home with 20% down at 7.11%, the payment is about $736 a month. Keeping that under 28% of gross income takes about $31,533 a year.
More about Pierceton
- Mortgage Refinance in Pierceton
- Debt Relief in Pierceton
- Home Equity Loans in Pierceton
- 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