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Cannelton

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

Median Home$137,211
Median Rent$729/month
Population1,467
Leading IndustriesRetail · Information & Media · Finance & Insurance32% retail
Home Value Growth⬆⬆⬆+43.4% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners61% of occupied units
NotableAmenity Score78/100 · highly walkable area
NotableAffordable Market$137k median home · lower cost than 79% of the country
Cannelton
IN

Frequently Asked Questions

What are today's mortgage rates in Cannelton?

As of today, the 30-year fixed mortgage rate for Cannelton is approximately 7.420% (7.474% 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 Cannelton?

The median home value in Cannelton is $137k. The median monthly rent is $729. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cannelton?

Home values in Cannelton have increased 43.4% 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 Cannelton?

Based on a typical all-in ownership cost of $747/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cannelton is $50k/year.

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What industries drive the economy in Cannelton?

The largest employment sectors in Cannelton are retail (32%) and public administration (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.