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Versailles

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

Median Home$193,200
Median Rent$731/month
Population2,275
Leading IndustriesInformation & Media · Retail · Finance & Insurance12% information & media
Home Value Growth+4.6% over 2 years
Young Adults29% of residentsslightly above average
Homeowners68% of occupied units
Versailles
IN

Frequently Asked Questions

What are today's mortgage rates in Versailles?

As of today, the 30-year fixed mortgage rate for Versailles is approximately 7.073% (7.115% 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 Versailles?

The median home value in Versailles is $193k. The median monthly rent is $731. Annual property taxes average $944. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Versailles?

Home values in Versailles have increased 4.6% 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 Versailles?

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 Versailles is $60k/year.

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What industries drive the economy in Versailles?

The largest employment sectors in Versailles are public administration (22%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.