The typical owner-occupied home in French Lick is worth about $85,100, 61% below the Indiana median of $218,200 and 74% below the national median of $332,700. Owners pay a median $581 a year in property taxes, about 0.68% of their home's value, lower than the Indiana rate of 0.74%. The median household earns $54,519 a year, so the median home costs 1.6 times the median income (3.0 times for Indiana). 66% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
French Lick at a glance
| French Lick | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $85,100 | $218,200 | $332,700 |
| Median property tax paid per year | $581 | $1,614 | $3,119 |
| Property tax as a share of value | 0.68% | 0.74% | 0.94% |
| Median household income | $54,519 | $71,957 | $80,734 |
| Homes lived in by their owners | 66% | 71% | 65% |
| Owner homes with a mortgage | 59% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,016 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 15.7% | 18.1% | 21.0% |
| Median rent | $828 | $1,062 | $1,413 |
| Rent as a share of renters' income | 31.4% | 29.1% | 30.6% |
| Median year homes were built | 1959 | 1976 | 1980 |
| Vacant homes | 11.0% | 8.8% | 10.1% |
| Population | 1,828 | 6,851,073 | 334,922,499 |
What a typical home costs per month in French Lick
At this week's average 30-year rate of 7.11%, buying the median French Lick home of $85,100 with 20% down costs about $542 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $683, 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 $23,214 for the 20%-down payment. That payment is 12% of the median French Lick household income of $54,519; at that income and 20% down, the 28% guideline points to a home of about $200,000.
The median rent here is $828 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,020 |
|---|---|
| Loan amount | $68,080 |
| Principal and interest | $458 |
| Property taxes (0.68% a year) | $48 |
| Homeowners insurance (our estimate, 0.5% a year) | $35 |
| PMI | $0 |
| Total per month | $542 |
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| Down payment | $2,978 |
|---|---|
| Loan amount | $83,559 |
| Principal and interest | $562 |
| Property taxes (0.68% a year) | $48 |
| Homeowners insurance (our estimate, 0.5% a year) | $35 |
| FHA mortgage insurance | $38 |
| Total per month | $683 |
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Questions about home buying in French Lick
What is the median home value in French Lick?
About $85,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in French Lick?
Homeowners pay a median $581 a year, which is about 0.68% 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 French Lick?
For the median home with 20% down at 7.11%, the payment is about $542 a month. Keeping that under 28% of gross income takes about $23,214 a year.
More about French Lick
- Mortgage Refinance in French Lick
- Debt Relief in French Lick
- Home Equity Loans in French Lick
- 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