Income needed to buy a home
Steuben County, IN
$104,975
a year in household income to buy the typical Steuben County home with 10% down.
The monthly math
Typical home value$324,294
Down payment (10%)$32,429
Loan$291,865
Principal and interest (7.40%)$2,021/mo
Property tax (0.54% a year)$145/mo
Homeowners insurance (estimate)$162/mo
Mortgage insurance$122/mo
Total monthly cost$2,449/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 $74,911 a year, 71% of what it takes.
In Indiana
Steuben County ranks #84 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.