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French Lick

Learn about the people, housing, costs and businesses in French Lick, Indiana

Median Home$90,500
Median Rent$824/month
Population1,632
Leading IndustryRetail20% of local workforce
Home Value Growth-0.2% over 2 years
Retirees24% of residentsslightly above average
Homeowners69% of occupied units
NotableTransit97/100 · excellent transit access
NotableAmenity Score83/100 · highly walkable area
French Lick
IN

Frequently Asked Questions

What are today's mortgage rates in French Lick?

As of today, the 30-year fixed mortgage rate for French Lick is approximately 7.098% (7.144% 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 French Lick?

The median home value in French Lick is $91k. The median monthly rent is $824. Annual property taxes average $592. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in French Lick?

Home values in French Lick have decreased 0.2% 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 French Lick?

Based on a typical all-in ownership cost of $711/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in French Lick is $55k/year.

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What industries drive the economy in French Lick?

The largest employment sectors in French Lick are retail (20%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.