How much house can I afford on $50,000 in Indiana?
About $180,000 with 20% down ($143,000 with an FHA loan), using Indiana's 0.74% property tax rate.
That is $77,591 less than the typical Indiana home ($257,165), so on $50,000 you'd look at cheaper areas or a smaller home. The payment of $1,167 covers $966 principal and interest, $110 property tax and $90 insurance.
Counties in Indiana you can afford on $50,000
14 of 92 counties have a typical home value at or below $180,000:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Wayne County | $173,653 | +6.5% | 0.81% |
| Cass County | $173,376 | +2.4% | 0.68% |
| Delaware County | $168,797 | +4.3% | 0.75% |
| Crawford County | $167,258 | +3.9% | 0.75% |
| Miami County | $162,402 | +7.3% | 0.6% |
| Randolph County | $161,757 | +11.5% | 0.79% |
| Vigo County | $160,130 | +0.7% | 0.88% |
| Fayette County | $159,315 | +1.4% | 0.73% |
| Jay County | $159,102 | +1.8% | 0.6% |
| Knox County | $158,943 | +4.3% | 0.68% |
| Sullivan County | $156,761 | -0.4% | 0.61% |
| Grant County | $153,995 | +4.1% | 0.72% |
| Blackford County | $144,987 | +5.8% | 0.81% |
| Vermillion County | $130,643 | -0.7% | 0.69% |
Affordable metro areas
Assumes a 30-year fixed loan at 7.11%, property tax of 0.74% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Other salaries in Indiana
Frequently asked questions
How much house can I afford on $50,000 in Indiana?
About $180,000 with 20% down at 7.11%, keeping the payment (with Indiana's 0.74% property tax and insurance) under $1,167 a month.
Is $50,000 enough to buy a house in Indiana?
Not the typical home: the typical Indiana home is worth $257,165 (Zillow, September 2026) and $50,000 supports about $180,000. 14 of 92 counties are within budget.