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Andrews

Learn about the people, housing, costs and businesses in Andrews, Indiana

Median Home$174,300
Median Rent$921/month
Population1,057
Leading IndustriesInformation & Media · Construction · Agriculture & Mining12% information & media
Home Value Growth-1.5% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners89% of occupied units
Andrews
IN

Frequently Asked Questions

What are today's mortgage rates in Andrews?

As of today, the 30-year fixed mortgage rate for Andrews is approximately 6.998% (7.041% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Andrews?

The median home value in Andrews is $174k. The median monthly rent is $921. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Andrews?

Home values in Andrews have decreased 1.5% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Andrews?

Based on a typical all-in ownership cost of $1,051/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Andrews is $81k/year.

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What industries drive the economy in Andrews?

The largest employment sectors in Andrews are public administration (25%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.