The typical owner-occupied home in Kentland is worth about $114,000, 48% below the Indiana median of $218,200 and 66% below the national median of $332,700. Owners pay a median $1,253 a year in property taxes, about 1.10% of their home's value, higher than the Indiana rate of 0.74%. The median household earns $59,500 a year, so the median home costs 1.9 times the median income (3.0 times for Indiana). 79% of occupied homes here are lived in by their owners, and 74% of those owners still have a mortgage.
Kentland at a glance
| Kentland | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $114,000 | $218,200 | $332,700 |
| Median property tax paid per year | $1,253 | $1,614 | $3,119 |
| Property tax as a share of value | 1.10% | 0.74% | 0.94% |
| Median household income | $59,500 | $71,957 | $80,734 |
| Homes lived in by their owners | 79% | 71% | 65% |
| Owner homes with a mortgage | 74% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,154 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 19.5% | 18.1% | 21.0% |
| Median rent | $855 | $1,062 | $1,413 |
| Rent as a share of renters' income | 27.3% | 29.1% | 30.6% |
| Median year homes were built | 1947 | 1976 | 1980 |
| Vacant homes | 6.2% | 8.8% | 10.1% |
| Population | 1,828 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Kentland
At this week's average 30-year rate of 7.11%, buying the median Kentland home of $114,000 with 20% down costs about $766 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $955, 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 $32,808 for the 20%-down payment. That payment is 15% of the median Kentland household income of $59,500; at that income and 20% down, the 28% guideline points to a home of about $207,000.
The median rent here is $855 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $22,800 |
|---|---|
| Loan amount | $91,200 |
| Principal and interest | $614 |
| Property taxes (1.10% a year) | $104 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| PMI | $0 |
| Total per month | $766 |
Change the numbers in the calculator
| Down payment | $3,990 |
|---|---|
| Loan amount | $111,935 |
| Principal and interest | $753 |
| Property taxes (1.10% a year) | $104 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| FHA mortgage insurance | $50 |
| Total per month | $955 |
Change the numbers in the calculator
Questions about home buying in Kentland
What is the median home value in Kentland?
About $114,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Kentland?
Homeowners pay a median $1,253 a year, which is about 1.10% 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 Kentland?
For the median home with 20% down at 7.11%, the payment is about $766 a month. Keeping that under 28% of gross income takes about $32,808 a year.
More about Kentland
- Mortgage Refinance in Kentland
- Debt Relief in Kentland
- Home Equity Loans in Kentland
- 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