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Loogootee

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

Median Home$174,000
Median Rent$812/month
Population2,718
Leading IndustriesTransportation · Finance & Insurance · Public Administration3% transportation
Home Value Growth⬇⬇-13.5% over 2 years
Young Adults26% of residents
Homeowners74% of occupied units
Loogootee
IN

Frequently Asked Questions

What are today's mortgage rates in Loogootee?

As of today, the 30-year fixed mortgage rate for Loogootee is approximately 6.875% (6.910% 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 Loogootee?

The median home value in Loogootee is $174k. The median monthly rent is $812. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Loogootee?

Home values in Loogootee have decreased 13.5% 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 Loogootee?

Based on a typical all-in ownership cost of $781/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Loogootee is $63k/year.

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What industries drive the economy in Loogootee?

The largest employment sectors in Loogootee are public administration (26%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.