The typical owner-occupied home in Medaryville is worth about $78,500, 64% below the Indiana median of $218,200 and 76% below the national median of $332,700. Owners pay a median $419 a year in property taxes, about 0.53% of their home's value, lower than the Indiana rate of 0.74%. The median household earns $80,375 a year, so the median home costs 1.0 times the median income (3.0 times for Indiana). 74% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Medaryville at a glance
| Medaryville | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $78,500 | $218,200 | $332,700 |
| Median property tax paid per year | $419 | $1,614 | $3,119 |
| Property tax as a share of value | 0.53% | 0.74% | 0.94% |
| Median household income | $80,375 | $71,957 | $80,734 |
| Homes lived in by their owners | 74% | 71% | 65% |
| Owner homes with a mortgage | 63% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,132 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 19.5% | 18.1% | 21.0% |
| Median rent | $879 | $1,062 | $1,413 |
| Rent as a share of renters' income | 21.6% | 29.1% | 30.6% |
| Median year homes were built | 1943 | 1976 | 1980 |
| Vacant homes | 28.0% | 8.8% | 10.1% |
| Population | 729 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Medaryville
At this week's average 30-year rate of 7.11%, buying the median Medaryville home of $78,500 with 20% down costs about $490 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $621, 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 $20,993 for the 20%-down payment. That payment is 7% of the median Medaryville household income of $80,375; at that income and 20% down, the 28% guideline points to a home of about $301,000.
The median rent here is $879 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $15,700 |
|---|---|
| Loan amount | $62,800 |
| Principal and interest | $422 |
| Property taxes (0.53% a year) | $35 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| PMI | $0 |
| Total per month | $490 |
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| Down payment | $2,748 |
|---|---|
| Loan amount | $77,078 |
| Principal and interest | $519 |
| Property taxes (0.53% a year) | $35 |
| Homeowners insurance (our estimate, 0.5% a year) | $33 |
| FHA mortgage insurance | $35 |
| Total per month | $621 |
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Questions about home buying in Medaryville
What is the median home value in Medaryville?
About $78,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Medaryville?
Homeowners pay a median $419 a year, which is about 0.53% 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 Medaryville?
For the median home with 20% down at 7.11%, the payment is about $490 a month. Keeping that under 28% of gross income takes about $20,993 a year.
More about Medaryville
- Mortgage Refinance in Medaryville
- Debt Relief in Medaryville
- Home Equity Loans in Medaryville
- 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