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Tipton

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

Median Home$186,261
Median Rent$838/month
Population5,139
Leading IndustryRetail21% of local workforce
Home Value Growth⬆⬆+13.5% over 2 years
Retirees25% of residentsabove average nationally
Homeowners71% of occupied units
NotableAmenity Score72/100 · highly walkable area
Tipton
IN

Frequently Asked Questions

What are today's mortgage rates in Tipton?

As of today, the 30-year fixed mortgage rate for Tipton is approximately 6.993% (7.036% 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 Tipton?

The median home value in Tipton is $186k. The median monthly rent is $838. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tipton?

Home values in Tipton have increased 13.5% 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 Tipton?

Based on a typical all-in ownership cost of $841/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tipton is $61k/year.

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What industries drive the economy in Tipton?

The largest employment sectors in Tipton are public administration (24%) and retail (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.