The typical owner-occupied home in Fountaintown is worth about $259,600, 19% above the Indiana median of $218,200 and 22% below the national median of $332,700. Owners pay a median $638 a year in property taxes, about 0.25% of their home's value, lower than the Indiana rate of 0.74%. 51% of occupied homes here are lived in by their owners, and 76% of those owners still have a mortgage.
Fountaintown at a glance
| Fountaintown | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $259,600 | $218,200 | $332,700 |
| Median property tax paid per year | $638 | $1,614 | $3,119 |
| Property tax as a share of value | 0.25% | 0.74% | 0.94% |
| Median household income | – | $71,957 | $80,734 |
| Homes lived in by their owners | 51% | 71% | 65% |
| Owner homes with a mortgage | 76% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,582 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 51.0% | 18.1% | 21.0% |
| Median rent | $1,018 | $1,062 | $1,413 |
| Rent as a share of renters' income | 20.8% | 29.1% | 30.6% |
| Median year homes were built | 1938 | 1976 | 1980 |
| Vacant homes | 0.0% | 8.8% | 10.1% |
| Population | 119 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Fountaintown
At this week's average 30-year rate of 7.11%, buying the median Fountaintown home of $259,600 with 20% down costs about $1,559 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,992, 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 $66,828 for the 20%-down payment.
The median rent here is $1,018 a month, so owning the median home costs about $541 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $51,920 |
|---|---|
| Loan amount | $207,680 |
| Principal and interest | $1,397 |
| Property taxes (0.25% a year) | $54 |
| Homeowners insurance (our estimate, 0.5% a year) | $108 |
| PMI | $0 |
| Total per month | $1,559 |
Change the numbers in the calculator
| Down payment | $9,086 |
|---|---|
| Loan amount | $254,898 |
| Principal and interest | $1,715 |
| Property taxes (0.25% a year) | $54 |
| Homeowners insurance (our estimate, 0.5% a year) | $108 |
| FHA mortgage insurance | $115 |
| Total per month | $1,992 |
Change the numbers in the calculator
Questions about home buying in Fountaintown
What is the median home value in Fountaintown?
About $259,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Fountaintown?
Homeowners pay a median $638 a year, which is about 0.25% 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 Fountaintown?
For the median home with 20% down at 7.11%, the payment is about $1,559 a month. Keeping that under 28% of gross income takes about $66,828 a year.
More about Fountaintown
- Mortgage Refinance in Fountaintown
- Debt Relief in Fountaintown
- Home Equity Loans in Fountaintown
- 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