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Tri-Lakes

Learn about the people, housing, costs and businesses in Tri-Lakes, Indiana

Median Home$291,653
Median Rent$973/month
Population1,338
Leading IndustriesRetail · Transportation · Manufacturing23% retail
Home Value Growth⬆⬆⬆+25.5% over 2 years
Family-Friendly28% of residentswell above average
Homeowners90% of occupied units
NotableHigh Incomes$91k/year · top 24% nationally
Tri-Lakes
IN

Frequently Asked Questions

What are today's mortgage rates in Tri-Lakes?

As of today, the 30-year fixed mortgage rate for Tri-Lakes is approximately 6.950% (6.988% 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 Tri-Lakes?

The median home value in Tri-Lakes is $292k. The median monthly rent is $973. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tri-Lakes?

Home values in Tri-Lakes have increased 25.5% 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 Tri-Lakes?

Based on a typical all-in ownership cost of $1,109/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tri-Lakes is $91k/year.

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What industries drive the economy in Tri-Lakes?

The largest employment sectors in Tri-Lakes are public administration (24%) and retail (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.