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Jalapa

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

Median Home$186,900
Population178
Leading IndustriesTransportation · Public Administration · Retail5% transportation
Home Value Growth⬆⬆+11.8% over 2 years
Young Adults23% of residents
Homeowners82% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
Jalapa
IN

Frequently Asked Questions

What are today's mortgage rates in Jalapa?

As of today, the 30-year fixed mortgage rate for Jalapa 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 Jalapa?

The median home value in Jalapa is $187k. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Jalapa?

Home values in Jalapa have increased 11.8% 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 Jalapa?

Based on a typical all-in ownership cost of $1,149/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 Jalapa is $80k/year.

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What industries drive the economy in Jalapa?

The largest employment sectors in Jalapa are public administration (31%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.