The typical owner-occupied home in Manilla is worth about $102,500, 53% below the Indiana median of $218,200 and 69% below the national median of $332,700. The median household earns $51,765 a year, so the median home costs 2.0 times the median income (3.0 times for Indiana). 60% of occupied homes here are lived in by their owners, and 81% of those owners still have a mortgage.
Manilla at a glance
| Manilla | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $102,500 | $218,200 | $332,700 |
| Median property tax paid per year | – | $1,614 | $3,119 |
| Median household income | $51,765 | $71,957 | $80,734 |
| Homes lived in by their owners | 60% | 71% | 65% |
| Owner homes with a mortgage | 81% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,162 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 15.3% | 18.1% | 21.0% |
| Median rent | – | $1,062 | $1,413 |
| Median year homes were built | 1974 | 1976 | 1980 |
| Vacant homes | 22.6% | 8.8% | 10.1% |
| Population | 328 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Manilla
At this week's average 30-year rate of 7.11%, buying the median Manilla home of $102,500 with 20% down costs about $688 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $859, 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 $29,498 for the 20%-down payment. That payment is 16% of the median Manilla household income of $51,765; at that income and 20% down, the 28% guideline points to a home of about $180,000.
| Down payment | $20,500 |
|---|---|
| Loan amount | $82,000 |
| Principal and interest | $552 |
| Property taxes (1.10% a year) | $94 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| PMI | $0 |
| Total per month | $688 |
Change the numbers in the calculator
| Down payment | $3,588 |
|---|---|
| Loan amount | $100,643 |
| Principal and interest | $677 |
| Property taxes (1.10% a year) | $94 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| FHA mortgage insurance | $45 |
| Total per month | $859 |
Change the numbers in the calculator
Questions about home buying in Manilla
What is the median home value in Manilla?
About $102,500 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 Manilla?
For the median home with 20% down at 7.11%, the payment is about $688 a month. Keeping that under 28% of gross income takes about $29,498 a year.
More about Manilla
- Mortgage Refinance in Manilla
- Debt Relief in Manilla
- Home Equity Loans in Manilla
- 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