Carroll County, Indiana home prices
Typical home $242,285 · +5.6% in a year · property tax 0.56%
The typical home in Carroll County is worth $242,285, 6% less than the Indiana typical home ($257,165). Values changed +5.6% in the past year and +35.7% over five years. Homeowners here pay a median 0.56% of their home's value in property tax each year ($1,359 on the typical home), versus 0.74% statewide.
Mortgage on the typical Carroll County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $48,457 | $193,828 | $1,304 | $0 | $234 | $1,538 | $65,900 |
| 10% down | $24,228 | $218,056 | $1,467 | $91 | $234 | $1,792 | $76,800 |
| 5% down | $12,114 | $230,171 | $1,548 | $96 | $234 | $1,879 | $80,500 |
| 3.5% down (FHA) | $8,480 | $237,896 | $1,600 | $107 | $234 | $1,942 | $83,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.56% 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.
What it takes: see what you can afford by salary in Indiana · part of the Lafayette metro area.
Indiana counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Shelby County | $244,636 | +1.1% | 0.66% |
| Jefferson County | $237,972 | +4.6% | 0.64% |
| Tipton County | $249,148 | +4.2% | 0.65% |
| Owen County | $234,540 | +4.6% | 0.66% |
| Posey County | $234,428 | +0.6% | 0.62% |
| Lake County | $250,943 | +2.0% | 0.92% |
| Adams County | $251,184 | +7.2% | 0.77% |
| Daviess County | $233,087 | +8.2% | 0.69% |
| Spencer County | $232,771 | +3.9% | 0.62% |
| Wells County | $253,270 | +5.8% | 0.54% |
Frequently asked questions
What is the average home price in Carroll County, IN?
The typical home value in Carroll County is $242,285 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Carroll County?
About $65,900 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Carroll County?
The median effective rate is 0.56% of home value a year (Census ACS 2024 5-year estimates).