The typical owner-occupied home in Ligonier is worth about $110,000, 50% below the Indiana median of $218,200 and 67% below the national median of $332,700. Owners pay a median $942 a year in property taxes, about 0.86% of their home's value, higher than the Indiana rate of 0.74%. The median household earns $59,359 a year, so the median home costs 1.9 times the median income (3.0 times for Indiana). 52% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Ligonier at a glance
| Ligonier | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $110,000 | $218,200 | $332,700 |
| Median property tax paid per year | $942 | $1,614 | $3,119 |
| Property tax as a share of value | 0.86% | 0.74% | 0.94% |
| Median household income | $59,359 | $71,957 | $80,734 |
| Homes lived in by their owners | 52% | 71% | 65% |
| Owner homes with a mortgage | 57% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,144 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 19.4% | 18.1% | 21.0% |
| Median rent | $852 | $1,062 | $1,413 |
| Rent as a share of renters' income | 27.1% | 29.1% | 30.6% |
| Median year homes were built | 1974 | 1976 | 1980 |
| Vacant homes | 12.0% | 8.8% | 10.1% |
| Population | 4,347 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Ligonier
At this week's average 30-year rate of 7.11%, buying the median Ligonier home of $110,000 with 20% down costs about $717 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $900, 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 $30,714 for the 20%-down payment. That payment is 14% of the median Ligonier household income of $59,359; at that income and 20% down, the 28% guideline points to a home of about $213,000.
The median rent here is $852 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $22,000 |
|---|---|
| Loan amount | $88,000 |
| Principal and interest | $592 |
| Property taxes (0.86% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $717 |
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| Down payment | $3,850 |
|---|---|
| Loan amount | $108,008 |
| Principal and interest | $727 |
| Property taxes (0.86% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $49 |
| Total per month | $900 |
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Questions about home buying in Ligonier
What is the median home value in Ligonier?
About $110,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ligonier?
Homeowners pay a median $942 a year, which is about 0.86% 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 Ligonier?
For the median home with 20% down at 7.11%, the payment is about $717 a month. Keeping that under 28% of gross income takes about $30,714 a year.
More about Ligonier
- Mortgage Refinance in Ligonier
- Debt Relief in Ligonier
- Home Equity Loans in Ligonier
- 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