Income needed to buy a home
St. Joseph County, IN
$78,329
a year in household income to buy the typical St. Joseph County home with 10% down.
The monthly math
Typical home value$233,801
Down payment (10%)$23,380
Loan$210,421
Principal and interest (7.40%)$1,457/mo
Property tax (0.85% a year)$166/mo
Homeowners insurance (estimate)$117/mo
Mortgage insurance$88/mo
Total monthly cost$1,828/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
A stretch
The typical household here earns $66,868 a year, 85% of what it takes.
In Indiana
St. Joseph County ranks #50 of 92 for the income a home takes, from least to most.
Easiest to afford in Indiana
| County | Typical home | Income needed |
|---|---|---|
| Vermillion County | $135,992 | $45,274 |
| Blackford County | $147,173 | $48,771 |
| Grant County | $157,183 | $51,616 |
| Fayette County | $162,244 | $53,017 |
| Miami County | $164,880 | $53,066 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.