The typical owner-occupied home in Bannock is worth about $94,900, 56% below the Ohio median of $214,800 and 71% below the national median of $332,700. Owners pay a median $2,338 a year in property taxes, about 2.46% of their home's value, higher than the Ohio rate of 1.31%. The median household earns $29,727 a year, so the median home costs 3.2 times the median income (3.0 times for Ohio). 74% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Bannock at a glance
| Bannock | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $94,900 | $214,800 | $332,700 |
| Median property tax paid per year | $2,338 | $2,822 | $3,119 |
| Property tax as a share of value | 2.46% | 1.31% | 0.94% |
| Median household income | $29,727 | $71,389 | $80,734 |
| Homes lived in by their owners | 74% | 67% | 65% |
| Owner homes with a mortgage | 0% | 61% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,517 | $1,963 |
| Median rent | – | $1,034 | $1,413 |
| Median year homes were built | 1938 | 1970 | 1980 |
| Vacant homes | 15.3% | 8.1% | 10.1% |
| Population | 198 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Bannock
At this week's average 30-year rate of 7.11%, buying the median Bannock home of $94,900 with 20% down costs about $745 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $903, 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 $31,920 for the 20%-down payment. That payment is 30% of the median Bannock household income of $29,727; at that income and 20% down, the 28% guideline points to a home of about $88,000.
| Down payment | $18,980 |
|---|---|
| Loan amount | $75,920 |
| Principal and interest | $511 |
| Property taxes (2.46% a year) | $195 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $745 |
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| Down payment | $3,322 |
|---|---|
| Loan amount | $93,181 |
| Principal and interest | $627 |
| Property taxes (2.46% a year) | $195 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $42 |
| Total per month | $903 |
Change the numbers in the calculator
Questions about home buying in Bannock
What is the median home value in Bannock?
About $94,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bannock?
Homeowners pay a median $2,338 a year, which is about 2.46% 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 Bannock?
For the median home with 20% down at 7.11%, the payment is about $745 a month. Keeping that under 28% of gross income takes about $31,920 a year.
More about Bannock
- Mortgage Refinance in Bannock
- Debt Relief in Bannock
- Home Equity Loans in Bannock
- 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