The typical owner-occupied home in Plymouth is worth about $131,800, 40% below the Indiana median of $218,200 and 60% below the national median of $332,700. Owners pay a median $989 a year in property taxes, about 0.75% of their home's value, close to the Indiana rate of 0.74%. The median household earns $58,623 a year, so the median home costs 2.2 times the median income (3.0 times for Indiana). 58% of occupied homes here are lived in by their owners, and 56% of those owners still have a mortgage.
Plymouth at a glance
| Plymouth | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $131,800 | $218,200 | $332,700 |
| Median property tax paid per year | $989 | $1,614 | $3,119 |
| Property tax as a share of value | 0.75% | 0.74% | 0.94% |
| Median household income | $58,623 | $71,957 | $80,734 |
| Homes lived in by their owners | 58% | 71% | 65% |
| Owner homes with a mortgage | 56% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,177 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 17.6% | 18.1% | 21.0% |
| Median rent | $957 | $1,062 | $1,413 |
| Rent as a share of renters' income | 25.6% | 29.1% | 30.6% |
| Median year homes were built | 1969 | 1976 | 1980 |
| Vacant homes | 6.7% | 8.8% | 10.1% |
| Population | 10,664 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Plymouth
At this week's average 30-year rate of 7.11%, buying the median Plymouth home of $131,800 with 20% down costs about $847 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,066, 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 $36,282 for the 20%-down payment. That payment is 17% of the median Plymouth household income of $58,623; at that income and 20% down, the 28% guideline points to a home of about $213,000.
The median rent here is $957 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $26,360 |
|---|---|
| Loan amount | $105,440 |
| Principal and interest | $709 |
| Property taxes (0.75% a year) | $82 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| PMI | $0 |
| Total per month | $847 |
Change the numbers in the calculator
| Down payment | $4,613 |
|---|---|
| Loan amount | $129,413 |
| Principal and interest | $871 |
| Property taxes (0.75% a year) | $82 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| FHA mortgage insurance | $58 |
| Total per month | $1,066 |
Change the numbers in the calculator
Questions about home buying in Plymouth
What is the median home value in Plymouth?
About $131,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Plymouth?
Homeowners pay a median $989 a year, which is about 0.75% 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 Plymouth?
For the median home with 20% down at 7.11%, the payment is about $847 a month. Keeping that under 28% of gross income takes about $36,282 a year.
More about Plymouth
- Mortgage Refinance in Plymouth
- Debt Relief in Plymouth
- Home Equity Loans in Plymouth
- 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