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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

Town of Pines, IN Housing Affordability Index

Town of Pines, Indiana has an MBR Housing Affordability Index score of 145.6 (Highly Affordable) as of October 30, 2026, ranking 404th most affordable of 621 scored Indiana cities, compared with 123.6 statewide and 97.4 nationally. On a median-priced $159,000 home with 20% down, the Indiana average 30-year fixed rate of 7.41% means a monthly principal and interest payment of about $881, or 19% of the city’s $55,000 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Town of Pines 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.

Town of Pines MBR-HAI 145.6 Highly Affordable
Rank in Indiana 404 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 $159,000 U.S. Census Bureau

Town of Pines is 22.0 points above the Indiana score. Scores as of October 30, 2026. See the Indiana index

View Town of Pines Mortgage Rates

See What You Can Afford in Town of Pines, Indiana

Use this Town of Pines, 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 Town of Pines median income of $55,000, with no other debts and $32,000 down, can afford a home of about $183,398, compared with a median home value of $159,000. Buying the median priced home with 20% down takes a household income of about $44,100 once property tax and insurance are counted.

Town of Pines median (Census)
Car, student loan, card minimums
Under 20% adds PMI
Indiana average, 30-year fixed
Town of Pines median bill (Census)
Estimate; use your quote
You can afford a home up to
$183,398
At or above the Town of Pines median home value of $159,000
Loan amount$151,398
Principal & interest$1,049/mo
Property tax$95/mo
Home insurance$76/mo
PMI$63/mo
Total monthly payment$1,283/mo
Compare Town of Pines Mortgage Rates

How much house can you afford in Town of Pines?

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 Town of Pines, property taxes run about 0.62% 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 $3,071 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 Town of Pines

$881/mo
Principal & Interest
Median home, 20% down, 7.41%
$37,800
Income Needed
To keep principal and interest at 28% of income
$55,000
Median Household Income
Indiana: $71,957
2.9x
Price-to-Income Ratio
Indiana: 3.0x
$583/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$983/yr
Median Property Tax
0.62% of median value
23.8%
Owner Cost Burden
Owners spending 30%+ of income on housing
27.3%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Town of Pines Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Town of Pines, Indiana score: 145.6 (Highly Affordable), ranked 404 of 621 Indiana cities. monitorbankrates.com/housing-affordability-index/indiana/town-of-pines”