The typical owner-occupied home in Patricksburg is worth about $102,700, 53% below the Indiana median of $218,200 and 69% below the national median of $332,700. The median household earns $73,564 a year, so the median home costs 1.4 times the median income (3.0 times for Indiana). 100% of occupied homes here are lived in by their owners, and 72% of those owners still have a mortgage.
Patricksburg at a glance
| Patricksburg | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $102,700 | $218,200 | $332,700 |
| Median property tax paid per year | – | $1,614 | $3,119 |
| Median household income | $73,564 | $71,957 | $80,734 |
| Homes lived in by their owners | 100% | 71% | 65% |
| Owner homes with a mortgage | 72% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $969 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 18.3% | 18.1% | 21.0% |
| Median rent | – | $1,062 | $1,413 |
| Median year homes were built | 1950 | 1976 | 1980 |
| Vacant homes | 16.6% | 8.8% | 10.1% |
| Population | 356 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Patricksburg
At this week's average 30-year rate of 7.11%, buying the median Patricksburg home of $102,700 with 20% down costs about $690 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $861, 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 $29,556 for the 20%-down payment. That payment is 11% of the median Patricksburg household income of $73,564; at that income and 20% down, the 28% guideline points to a home of about $256,000.
| Down payment | $20,540 |
|---|---|
| Loan amount | $82,160 |
| Principal and interest | $553 |
| Property taxes (1.10% a year) | $94 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| PMI | $0 |
| Total per month | $690 |
Change the numbers in the calculator
| Down payment | $3,594 |
|---|---|
| Loan amount | $100,840 |
| Principal and interest | $678 |
| Property taxes (1.10% a year) | $94 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| FHA mortgage insurance | $45 |
| Total per month | $861 |
Change the numbers in the calculator
Questions about home buying in Patricksburg
What is the median home value in Patricksburg?
About $102,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Patricksburg?
For the median home with 20% down at 7.11%, the payment is about $690 a month. Keeping that under 28% of gross income takes about $29,556 a year.
More about Patricksburg
- Mortgage Refinance in Patricksburg
- Debt Relief in Patricksburg
- Home Equity Loans in Patricksburg
- 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