The typical owner-occupied home in Napoleon is worth about $162,500, 26% below the Indiana median of $218,200 and 51% below the national median of $332,700. Owners pay a median $544 a year in property taxes, about 0.33% of their home's value, lower than the Indiana rate of 0.74%. The median household earns $63,125 a year, so the median home costs 2.6 times the median income (3.0 times for Indiana). 54% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Napoleon at a glance
| Napoleon | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $162,500 | $218,200 | $332,700 |
| Median property tax paid per year | $544 | $1,614 | $3,119 |
| Property tax as a share of value | 0.33% | 0.74% | 0.94% |
| Median household income | $63,125 | $71,957 | $80,734 |
| Homes lived in by their owners | 54% | 71% | 65% |
| Owner homes with a mortgage | 65% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,125 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 22.1% | 18.1% | 21.0% |
| Median rent | $603 | $1,062 | $1,413 |
| Rent as a share of renters' income | 24.7% | 29.1% | 30.6% |
| Median year homes were built | 1969 | 1976 | 1980 |
| Vacant homes | 4.9% | 8.8% | 10.1% |
| Population | 205 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Napoleon
At this week's average 30-year rate of 7.11%, buying the median Napoleon home of $162,500 with 20% down costs about $987 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,258, 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 $42,297 for the 20%-down payment. That payment is 19% of the median Napoleon household income of $63,125; at that income and 20% down, the 28% guideline points to a home of about $243,000.
The median rent here is $603 a month, so owning the median home costs about $384 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $32,500 |
|---|---|
| Loan amount | $130,000 |
| Principal and interest | $875 |
| Property taxes (0.33% a year) | $45 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| PMI | $0 |
| Total per month | $987 |
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| Down payment | $5,688 |
|---|---|
| Loan amount | $159,557 |
| Principal and interest | $1,073 |
| Property taxes (0.33% a year) | $45 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| FHA mortgage insurance | $72 |
| Total per month | $1,258 |
Change the numbers in the calculator
Questions about home buying in Napoleon
What is the median home value in Napoleon?
About $162,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Napoleon?
Homeowners pay a median $544 a year, which is about 0.33% 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 Napoleon?
For the median home with 20% down at 7.11%, the payment is about $987 a month. Keeping that under 28% of gross income takes about $42,297 a year.
More about Napoleon
- Mortgage Refinance in Napoleon
- Debt Relief in Napoleon
- Home Equity Loans in Napoleon
- 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