The typical owner-occupied home in Carlisle is worth about $73,000, 67% below the Indiana median of $218,200 and 78% below the national median of $332,700. Owners pay a median $750 a year in property taxes, about 1.03% of their home's value, higher than the Indiana rate of 0.74%. The median household earns $45,750 a year, so the median home costs 1.6 times the median income (3.0 times for Indiana). 82% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Carlisle at a glance
| Carlisle | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $73,000 | $218,200 | $332,700 |
| Median property tax paid per year | $750 | $1,614 | $3,119 |
| Property tax as a share of value | 1.03% | 0.74% | 0.94% |
| Median household income | $45,750 | $71,957 | $80,734 |
| Homes lived in by their owners | 82% | 71% | 65% |
| Owner homes with a mortgage | 62% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $948 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 16.7% | 18.1% | 21.0% |
| Median rent | $825 | $1,062 | $1,413 |
| Rent as a share of renters' income | 28.8% | 29.1% | 30.6% |
| Median year homes were built | 1956 | 1976 | 1980 |
| Vacant homes | 23.7% | 8.8% | 10.1% |
| Population | 726 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Carlisle
At this week's average 30-year rate of 7.11%, buying the median Carlisle home of $73,000 with 20% down costs about $486 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $608, 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 $20,826 for the 20%-down payment. That payment is 13% of the median Carlisle household income of $45,750; at that income and 20% down, the 28% guideline points to a home of about $160,000.
The median rent here is $825 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $14,600 |
|---|---|
| Loan amount | $58,400 |
| Principal and interest | $393 |
| Property taxes (1.03% a year) | $63 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| PMI | $0 |
| Total per month | $486 |
Change the numbers in the calculator
| Down payment | $2,555 |
|---|---|
| Loan amount | $71,678 |
| Principal and interest | $482 |
| Property taxes (1.03% a year) | $63 |
| Homeowners insurance (our estimate, 0.5% a year) | $30 |
| FHA mortgage insurance | $32 |
| Total per month | $608 |
Change the numbers in the calculator
Questions about home buying in Carlisle
What is the median home value in Carlisle?
About $73,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Carlisle?
Homeowners pay a median $750 a year, which is about 1.03% 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 Carlisle?
For the median home with 20% down at 7.11%, the payment is about $486 a month. Keeping that under 28% of gross income takes about $20,826 a year.
More about Carlisle
- Mortgage Refinance in Carlisle
- Debt Relief in Carlisle
- Home Equity Loans in Carlisle
- 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