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Crane

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

Median Home$116,900
Median Rent$667/month
Population164
Leading IndustriesWholesale Trade · Retail · Manufacturing15% wholesale trade
Home Value Growth-0.6% over 2 years
Young Adults39% of residentstop 3% nationally
Homeowners80% of occupied units
NotableAffordable Market$117k median home · lower cost than 86% of the country
Crane
IN

Frequently Asked Questions

What are today's mortgage rates in Crane?

As of today, the 30-year fixed mortgage rate for Crane is approximately 6.995% (7.035% 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 Crane?

The median home value in Crane is $117k. The median monthly rent is $667. Annual property taxes average $861. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Crane?

Home values in Crane have decreased 0.6% over the past two years. Buyers may find more negotiating room in this market. 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 Crane?

Based on a typical all-in ownership cost of $597/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Crane is $82k/year.

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What industries drive the economy in Crane?

The largest employment sectors in Crane are retail (21%) and wholesale trade (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.