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Chalmers

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

Median Home$189,400
Median Rent$958/month
Population553
Leading IndustriesRetail · Construction · Agriculture & Mining20% retail
Home Value Growth+2.4% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners87% of occupied units
Chalmers
IN

Frequently Asked Questions

What are today's mortgage rates in Chalmers?

As of today, the 30-year fixed mortgage rate for Chalmers is approximately 7.059% (7.101% 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 Chalmers?

The median home value in Chalmers is $189k. The median monthly rent is $958. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Chalmers?

Home values in Chalmers have increased 2.4% over the past two years. The market has been relatively stable. 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 Chalmers?

Based on a typical all-in ownership cost of $966/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chalmers is $69k/year.

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What industries drive the economy in Chalmers?

The largest employment sectors in Chalmers are public administration (22%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.