The typical owner-occupied home in Beverly Shores is worth about $606,900, 2.8 times the Indiana median of $218,200 and 82% above the national median of $332,700. Owners pay a median $5,582 a year in property taxes, about 0.92% of their home's value, higher than the Indiana rate of 0.74%. The median household earns $119,948 a year, so the median home costs 5.1 times the median income (3.0 times for Indiana). 96% of occupied homes here are lived in by their owners, and 56% of those owners still have a mortgage.
Beverly Shores at a glance
| Beverly Shores | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $606,900 | $218,200 | $332,700 |
| Median property tax paid per year | $5,582 | $1,614 | $3,119 |
| Property tax as a share of value | 0.92% | 0.74% | 0.94% |
| Median household income | $119,948 | $71,957 | $80,734 |
| Homes lived in by their owners | 96% | 71% | 65% |
| Owner homes with a mortgage | 56% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $3,271 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 31.3% | 18.1% | 21.0% |
| Median rent | $1,675 | $1,062 | $1,413 |
| Rent as a share of renters' income | 40.7% | 29.1% | 30.6% |
| Median year homes were built | 1973 | 1976 | 1980 |
| Vacant homes | 36.6% | 8.8% | 10.1% |
| Population | 650 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Beverly Shores
At this week's average 30-year rate of 7.11%, buying the median Beverly Shores home of $606,900 with 20% down costs about $3,984 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,995, 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 $170,755 for the 20%-down payment. That payment is 40% of the median Beverly Shores household income of $119,948; at that income and 20% down, the 28% guideline points to a home of about $426,000.
The median rent here is $1,675 a month, so owning the median home costs about $2,309 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $121,380 |
|---|---|
| Loan amount | $485,520 |
| Principal and interest | $3,266 |
| Property taxes (0.92% a year) | $465 |
| Homeowners insurance (our estimate, 0.5% a year) | $253 |
| PMI | $0 |
| Total per month | $3,984 |
Change the numbers in the calculator
| Down payment | $21,242 |
|---|---|
| Loan amount | $595,908 |
| Principal and interest | $4,009 |
| Property taxes (0.92% a year) | $465 |
| Homeowners insurance (our estimate, 0.5% a year) | $253 |
| FHA mortgage insurance | $268 |
| Total per month | $4,995 |
Change the numbers in the calculator
Questions about home buying in Beverly Shores
What is the median home value in Beverly Shores?
About $606,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Beverly Shores?
Homeowners pay a median $5,582 a year, which is about 0.92% 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 Beverly Shores?
For the median home with 20% down at 7.11%, the payment is about $3,984 a month. Keeping that under 28% of gross income takes about $170,755 a year.
More about Beverly Shores
- Mortgage Refinance in Beverly Shores
- Debt Relief in Beverly Shores
- Home Equity Loans in Beverly Shores
- 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