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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Tipton, IN Housing Affordability Index

Tipton, Indiana has an MBR Housing Affordability Index score of 145.3 (Highly Affordable) as of October 30, 2026, ranking 405th most affordable of 621 scored Indiana cities, compared with 123.6 statewide and 97.4 nationally. On a median-priced $161,700 home with 20% down, the Indiana average 30-year fixed rate of 7.41% means a monthly principal and interest payment of about $896, or 18% of the city’s $59,828 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Tipton is updated every night from live Indiana mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Tipton MBR-HAI 145.3 Highly Affordable
Rank in Indiana 405 of 621 1 = most affordable
Indiana 123.6 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.41% Indiana lenders
Median home value $161,700 U.S. Census Bureau

Tipton is 21.7 points above the Indiana score. Scores as of October 30, 2026. See the Indiana index

View Tipton Mortgage Rates

See What You Can Afford in Tipton, Indiana

Use this Tipton, Indiana home affordability calculator to see how much house you can afford at today’s Indiana average 30-year mortgage rate of 7.41%. A household earning the Tipton median income of $59,828, with no other debts and $32,000 down, can afford a home of about $194,461, compared with a median home value of $161,700. Buying the median priced home with 20% down takes a household income of about $45,600 once property tax and insurance are counted.

Tipton median (Census)
Car, student loan, card minimums
Under 20% adds PMI
Indiana average, 30-year fixed
Tipton median bill (Census)
Estimate; use your quote
You can afford a home up to
$194,461
At or above the Tipton median home value of $161,700
Loan amount$162,461
Principal & interest$1,126/mo
Property tax$122/mo
Home insurance$81/mo
PMI$68/mo
Total monthly payment$1,396/mo
Compare Tipton Mortgage Rates

How much house can you afford in Tipton?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Tipton, property taxes run about 0.75% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $3,253 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Tipton

$896/mo
Principal & Interest
Median home, 20% down, 7.41%
$38,400
Income Needed
To keep principal and interest at 28% of income
$59,828
Median Household Income
Indiana: $71,957
2.7x
Price-to-Income Ratio
Indiana: 3.0x
$792/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,208/yr
Median Property Tax
0.75% of median value
18.6%
Owner Cost Burden
Owners spending 30%+ of income on housing
20.6%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Tipton, Indiana. The rate is the Indiana average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Tipton Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Tipton, Indiana score: 145.3 (Highly Affordable), ranked 405 of 621 Indiana cities. monitorbankrates.com/housing-affordability-index/indiana/tipton”