The typical owner-occupied home in Union Mills is worth about $218,600, about the same as the Indiana median of $218,200 and 34% below the national median of $332,700. Owners pay a median $1,196 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 $93,523 a year, so the median home costs 2.3 times the median income (3.0 times for Indiana). 100% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Union Mills at a glance
| Union Mills | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $218,600 | $218,200 | $332,700 |
| Median property tax paid per year | $1,196 | $1,614 | $3,119 |
| Property tax as a share of value | 0.55% | 0.74% | 0.94% |
| Median household income | $93,523 | $71,957 | $80,734 |
| Homes lived in by their owners | 100% | 71% | 65% |
| Owner homes with a mortgage | 53% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,056 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 13.3% | 18.1% | 21.0% |
| Median rent | – | $1,062 | $1,413 |
| Median year homes were built | 1977 | 1976 | 1980 |
| Vacant homes | 41.0% | 8.8% | 10.1% |
| Population | 233 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Union Mills
At this week's average 30-year rate of 7.11%, buying the median Union Mills home of $218,600 with 20% down costs about $1,368 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,732, 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 $58,616 for the 20%-down payment. That payment is 18% of the median Union Mills household income of $93,523; at that income and 20% down, the 28% guideline points to a home of about $349,000.
| Down payment | $43,720 |
|---|---|
| Loan amount | $174,880 |
| Principal and interest | $1,176 |
| Property taxes (0.55% a year) | $100 |
| Homeowners insurance (our estimate, 0.5% a year) | $91 |
| PMI | $0 |
| Total per month | $1,368 |
Change the numbers in the calculator
| Down payment | $7,651 |
|---|---|
| Loan amount | $214,641 |
| Principal and interest | $1,444 |
| Property taxes (0.55% a year) | $100 |
| Homeowners insurance (our estimate, 0.5% a year) | $91 |
| FHA mortgage insurance | $97 |
| Total per month | $1,732 |
Change the numbers in the calculator
Questions about home buying in Union Mills
What is the median home value in Union Mills?
About $218,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Union Mills?
Homeowners pay a median $1,196 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 Union Mills?
For the median home with 20% down at 7.11%, the payment is about $1,368 a month. Keeping that under 28% of gross income takes about $58,616 a year.
More about Union Mills
- Mortgage Refinance in Union Mills
- Debt Relief in Union Mills
- Home Equity Loans in Union Mills
- 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