The typical owner-occupied home in Ambia is worth about $53,300, 76% below the Indiana median of $218,200 and 84% below the national median of $332,700. Owners pay a median $429 a year in property taxes, about 0.80% of their home's value, higher than the Indiana rate of 0.74%. The median household earns $61,250 a year, so the median home costs 0.9 times the median income (3.0 times for Indiana). 87% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Ambia at a glance
| Ambia | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $53,300 | $218,200 | $332,700 |
| Median property tax paid per year | $429 | $1,614 | $3,119 |
| Property tax as a share of value | 0.80% | 0.74% | 0.94% |
| Median household income | $61,250 | $71,957 | $80,734 |
| Homes lived in by their owners | 87% | 71% | 65% |
| Owner homes with a mortgage | 42% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,161 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 14.7% | 18.1% | 21.0% |
| Median rent | – | $1,062 | $1,413 |
| Median year homes were built | 1940 | 1976 | 1980 |
| Vacant homes | 17.9% | 8.8% | 10.1% |
| Population | 158 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Ambia
At this week's average 30-year rate of 7.11%, buying the median Ambia home of $53,300 with 20% down costs about $345 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $433, 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 $14,768 for the 20%-down payment. That payment is 7% of the median Ambia household income of $61,250; at that income and 20% down, the 28% guideline points to a home of about $221,000.
| Down payment | $10,660 |
|---|---|
| Loan amount | $42,640 |
| Principal and interest | $287 |
| Property taxes (0.80% a year) | $36 |
| Homeowners insurance (our estimate, 0.5% a year) | $22 |
| PMI | $0 |
| Total per month | $345 |
Change the numbers in the calculator
| Down payment | $1,866 |
|---|---|
| Loan amount | $52,335 |
| Principal and interest | $352 |
| Property taxes (0.80% a year) | $36 |
| Homeowners insurance (our estimate, 0.5% a year) | $22 |
| FHA mortgage insurance | $24 |
| Total per month | $433 |
Change the numbers in the calculator
Questions about home buying in Ambia
What is the median home value in Ambia?
About $53,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ambia?
Homeowners pay a median $429 a year, which is about 0.80% 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 Ambia?
For the median home with 20% down at 7.11%, the payment is about $345 a month. Keeping that under 28% of gross income takes about $14,768 a year.
More about Ambia
- Mortgage Refinance in Ambia
- Debt Relief in Ambia
- Home Equity Loans in Ambia
- 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