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Bright

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

Median Home$292,017
Median Rent$916/month
Population6,025
Leading IndustriesManufacturing · Transportation · Professional Services1% manufacturing
Home Value Growth⬆⬆+13.0% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners91% of occupied units
NotableHigh Incomes$105k/year · top 14% nationally
Bright
IN

Frequently Asked Questions

What are today's mortgage rates in Bright?

As of today, the 30-year fixed mortgage rate for Bright is approximately 6.864% (6.899% 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 Bright?

The median home value in Bright is $292k. The median monthly rent is $916. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bright?

Home values in Bright have increased 13.0% over the past two years. This indicates a strong appreciation trend. 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 Bright?

Based on a typical all-in ownership cost of $1,355/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bright is $105k/year.

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What industries drive the economy in Bright?

The largest employment sectors in Bright are public administration (21%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.