LaGrange County, IN real estate

What the numbers say

LaGrange County, IN real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in LaGrange County pay a median of $1,403 a year in property taxes on a median home value of $255,900, an effective rate of about 0.55%. The Indiana average is 0.74%, which makes LaGrange County the #17 lowest-tax of 92 counties in the state with published tax data.

Renters pay a median of $839 a month, and $886 for a two-bedroom. At today's prices a typical home costs about 25 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $256,000 home here comes to about $1,619 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $69,000 a year (the median household here earns $84,487).