Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Hedrick

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

Median Home$160,200
Median Rent$807/month
Population67
Leading IndustriesRetail · Transportation24% retail
Home Value Growth⬆⬆+15.9% over 2 years
Retirees23% of residentsslightly above average
Homeowners81% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableAffordable Market$160k median home · lower cost than 70% of the country
Hedrick
IN

Frequently Asked Questions

What are today's mortgage rates in Hedrick?

As of today, the 30-year fixed mortgage rate for Hedrick 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.

View current rates for Hedrick
What is the median home price in Hedrick?

The median home value in Hedrick is $160k. The median monthly rent is $807. Annual property taxes average $695. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hedrick?

Home values in Hedrick have increased 15.9% 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 Hedrick?

Based on a typical all-in ownership cost of $828/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hedrick is $85k/year.

Calculate your buying power
What industries drive the economy in Hedrick?

The largest employment sectors in Hedrick are retail (24%) and public administration (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.