Monroe County, Indiana home prices
Typical home $309,871 · +1.2% in a year · property tax 0.71%
The typical home in Monroe County is worth $309,871, 20% more than the Indiana typical home ($257,165). Values changed +1.2% in the past year and +20.5% over five years. Homeowners here pay a median 0.71% of their home's value in property tax each year ($2,212 on the typical home), versus 0.74% statewide.
Mortgage on the typical Monroe County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $61,974 | $247,897 | $1,668 | $0 | $339 | $2,007 | $86,000 |
| 10% down | $30,987 | $278,884 | $1,876 | $116 | $339 | $2,332 | $99,900 |
| 5% down | $15,494 | $294,378 | $1,980 | $123 | $339 | $2,442 | $104,700 |
| 3.5% down (FHA) | $10,845 | $304,259 | $2,047 | $137 | $339 | $2,523 | $108,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.71% 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 Bloomington metro area.
Indiana counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Johnson County | $312,876 | +1.5% | 0.71% |
| Jasper County | $300,557 | +3.3% | 0.46% |
| Morgan County | $299,883 | +1.8% | 0.49% |
| Steuben County | $320,242 | +6.6% | 0.57% |
| Tippecanoe County | $296,588 | +2.4% | 0.62% |
| Kosciusko County | $293,218 | +6.8% | 0.6% |
| Dearborn County | $327,371 | +5.2% | 0.74% |
| Franklin County | $292,357 | +4.3% | 0.59% |
| Warrick County | $291,696 | +4.1% | 0.67% |
| Hancock County | $329,462 | +2.0% | 0.66% |
Frequently asked questions
What is the average home price in Monroe County, IN?
The typical home value in Monroe County is $309,871 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Monroe County?
About $86,000 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Monroe County?
The median effective rate is 0.71% of home value a year (Census ACS 2024 5-year estimates).