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Owensburg

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

Median Home$221,900
Median Rent$872/month
Population369
Leading IndustriesManufacturing · Public Administration · Agriculture & Mining7% manufacturing
Home Value Growth+9.3% over 2 years
Retirees25% of residentsabove average nationally
Homeowners81% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Owensburg
IN

Frequently Asked Questions

What are today's mortgage rates in Owensburg?

As of today, the 30-year fixed mortgage rate for Owensburg is approximately 6.981% (7.020% 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 Owensburg?

The median home value in Owensburg is $222k. The median monthly rent is $872. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Owensburg?

Home values in Owensburg have increased 9.3% over the past two years. This represents moderate growth. 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 Owensburg?

Based on a typical all-in ownership cost of $963/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Owensburg is $69k/year.

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What industries drive the economy in Owensburg?

The largest employment sectors in Owensburg are public administration (32%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.