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Converse

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

Median Home$199,045
Median Rent$792/month
Population1,074
Leading IndustryRetail13% of local workforce
Home Value Growth⬆⬆⬆+27.4% over 2 years
Retirees21% of residentsnear the national average
Homeowners90% of occupied units
NotableVeteran Community12% of residents · top 6% nationally
Converse
IN

Frequently Asked Questions

What are today's mortgage rates in Converse?

As of today, the 30-year fixed mortgage rate for Converse is approximately 6.981% (7.020% 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 Converse?

The median home value in Converse is $199k. The median monthly rent is $792. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Converse?

Home values in Converse have increased 27.4% 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 Converse?

Based on a typical all-in ownership cost of $932/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Converse is $77k/year.

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What industries drive the economy in Converse?

The largest employment sectors in Converse are public administration (24%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.