Mortgage payment estimates, closing cost breakdowns, and homebuying data for Indiana, Pennsylvania.
Median Home Price
$145K
Population
13K
Avg Monthly Rent
$780
Property Tax Rate
1.36% *
* Property tax shown is the Pennsylvania state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Indiana.
Indiana vs Pennsylvania Median
The median home price in Indiana is $145,000, which is 48% below the Pennsylvania state median of $280,000.
Mortgage Calculator — Indiana, PA
Pre-filled with Indiana median home price and Pennsylvania tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $145K home using Pennsylvania's 1.36% tax rate and $1,400/yr insurance.
5% Down
$1,232/mo
Down: $7,250
Loan: $138K
P&I: $871
Tax: $164
Insurance: $117
PMI: $80
10% Down
$1,182/mo
Down: $14,500
Loan: $131K
P&I: $825
Tax: $164
Insurance: $117
PMI: $76
20% Down (No PMI)
$1,014/mo
Down: $29,000
Loan: $116K
P&I: $733
Tax: $164
Insurance: $117
Income needed (28% rule): $43K/year with 20% down, $51K/year with 10% down.
Rent vs Buy in Indiana
Rent
$780/mo
vs
Buy (10% down)
$1,182/mo
Price-to-rent ratio: 15.5 — A ratio between 15-20 means the rent vs buy decision in Indiana depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Indiana is $145,000, 48% below the Pennsylvania state median of $280,000. With a population of 13,274, Indiana is a smaller market where home prices tend to be more accessible than in many parts of Pennsylvania.
Property taxes in Pennsylvania average 1.36% annually. This moderate property tax rate means a $145,000 home in Indiana would carry roughly $164/month in property taxes. Homeowners insurance in Pennsylvania runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Indiana is $780/month. The price-to-rent ratio in Indiana is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Indiana offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Pennsylvania's PHFA Keystone Advantage program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Indiana.