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Griffith

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

Median Home$204,809
Median Rent$1,202/month
Population16,346
Leading IndustriesFinance & Insurance · Wholesale Trade · Information & Media8% finance & insurance
Home Value Growth⬆⬆+13.7% over 2 years
Young Adults33% of residentswell above average
Homeowners72% of occupied units
NotableAmenity Score73/100 · highly walkable area
NotableTransit79/100 · excellent transit access
Griffith
IN

Frequently Asked Questions

What are today's mortgage rates in Griffith?

As of today, the 30-year fixed mortgage rate for Griffith is approximately 7.071% (7.113% 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 Griffith?

The median home value in Griffith is $205k. The median monthly rent is $1,202. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Griffith?

Home values in Griffith have increased 13.7% 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 Griffith?

Based on a typical all-in ownership cost of $1,144/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Griffith is $77k/year.

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What industries drive the economy in Griffith?

The largest employment sectors in Griffith are public administration (26%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.