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Orestes

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

Median Home$188,100
Median Rent$898/month
Population324
Leading IndustriesEducation · Retail · Healthcare4% education
Home Value Growth⬆⬆+20.0% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners64% of occupied units
NotableTransit82/100 · excellent transit access
Orestes
IN

Frequently Asked Questions

What are today's mortgage rates in Orestes?

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

The median home value in Orestes is $188k. The median monthly rent is $898. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Orestes?

Home values in Orestes have increased 20.0% 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 Orestes?

Based on a typical all-in ownership cost of $983/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Orestes is $64k/year.

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What industries drive the economy in Orestes?

The largest employment sectors in Orestes are public administration (19%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.