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Colburn

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

Median Home$280,700
Median Rent$848/month
Population162
Leading IndustriesArts, Food & Hospitality · Healthcare · Transportation15% arts, food & hospitality
Home Value Growth⬆⬆⬆+28.1% over 2 years
Retirees23% of residentsslightly above average
Homeowners91% of occupied units
NotableHighly Educated40% bachelor's · 23% graduate · top 1% nationally
NotableHigh Incomes$90k/year · top 24% nationally
Colburn
IN

Frequently Asked Questions

What are today's mortgage rates in Colburn?

As of today, the 30-year fixed mortgage rate for Colburn 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 Colburn?

The median home value in Colburn is $281k. The median monthly rent is $848. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Colburn?

Home values in Colburn have increased 28.1% 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 Colburn?

Based on a typical all-in ownership cost of $1,073/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Colburn is $90k/year.

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What industries drive the economy in Colburn?

The largest employment sectors in Colburn are public administration (26%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.