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Herbst

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

Median Home$171,400
Median Rent$963/month
Population102
Leading IndustriesPublic Administration · Manufacturing · Arts, Food & Hospitality29% public administration
Home Value Growth⬆⬆⬆+24.7% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners95% of occupied units
Herbst
IN

Frequently Asked Questions

What are today's mortgage rates in Herbst?

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

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What is the median home price in Herbst?

The median home value in Herbst is $171k. The median monthly rent is $963. Annual property taxes average $935. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Herbst?

Home values in Herbst have increased 24.7% 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 Herbst?

Based on a typical all-in ownership cost of $944/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 Herbst is $78k/year.

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What industries drive the economy in Herbst?

The largest employment sectors in Herbst are public administration (29%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.