The typical owner-occupied home in Whiting is worth about $198,900, 9% below the Indiana median of $218,200 and 40% below the national median of $332,700. Owners pay a median $1,659 a year in property taxes, about 0.83% of their home's value, higher than the Indiana rate of 0.74%. The median household earns $71,708 a year, so the median home costs 2.8 times the median income (3.0 times for Indiana). 53% of occupied homes here are lived in by their owners, and 72% of those owners still have a mortgage.
Whiting at a glance
| Whiting | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $198,900 | $218,200 | $332,700 |
| Median property tax paid per year | $1,659 | $1,614 | $3,119 |
| Property tax as a share of value | 0.83% | 0.74% | 0.94% |
| Median household income | $71,708 | $71,957 | $80,734 |
| Homes lived in by their owners | 53% | 71% | 65% |
| Owner homes with a mortgage | 72% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,264 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 18.1% | 21.0% |
| Median rent | $1,004 | $1,062 | $1,413 |
| Rent as a share of renters' income | 24.7% | 29.1% | 30.6% |
| Median year homes were built | 1938 | 1976 | 1980 |
| Vacant homes | 11.8% | 8.8% | 10.1% |
| Population | 4,532 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Whiting
At this week's average 30-year rate of 7.11%, buying the median Whiting home of $198,900 with 20% down costs about $1,291 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,622, 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 $55,323 for the 20%-down payment. That payment is 22% of the median Whiting household income of $71,708; at that income and 20% down, the 28% guideline points to a home of about $258,000.
The median rent here is $1,004 a month, so owning the median home costs about $287 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $39,780 |
|---|---|
| Loan amount | $159,120 |
| Principal and interest | $1,070 |
| Property taxes (0.83% a year) | $138 |
| Homeowners insurance (our estimate, 0.5% a year) | $83 |
| PMI | $0 |
| Total per month | $1,291 |
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| Down payment | $6,962 |
|---|---|
| Loan amount | $195,297 |
| Principal and interest | $1,314 |
| Property taxes (0.83% a year) | $138 |
| Homeowners insurance (our estimate, 0.5% a year) | $83 |
| FHA mortgage insurance | $88 |
| Total per month | $1,622 |
Change the numbers in the calculator
Questions about home buying in Whiting
What is the median home value in Whiting?
About $198,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Whiting?
Homeowners pay a median $1,659 a year, which is about 0.83% 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 Whiting?
For the median home with 20% down at 7.11%, the payment is about $1,291 a month. Keeping that under 28% of gross income takes about $55,323 a year.
More about Whiting
- Mortgage Refinance in Whiting
- Debt Relief in Whiting
- Home Equity Loans in Whiting
- 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