Housing in Blue River

A typical Blue River home is worth roughly $152,000

Typical home value

$152K

IN $260K

Estimate

2-bedroom rent

$1,080

a month, utilities in · HUD

Median tax bill

$826

IN $1,614

What kind of housing town is Blue River?

Read from the numbers below. The page puts what stands out first.

Your money goes further42% below the Indiana typical home.

★ What stands out · Affordability

A typical home costs 2.4 years of income

Less than across Indiana (3.6 years). Try your own numbers below.

You could afford about

$262,000

Typical Blue River home $152K

That covers a typical Blue River home, with $110K to spare.

The typical home, each month

$860

Loan $750Tax $70Insurance $40

A two-bedroom rents for about $1,080 a month here, $220 more than owning.

Where your budget reaches nearby

Whiskey Run$154K Spencer$232K Milltown$214K Posey$203K Morgan$215K

How Blue River ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Blue River’s typical property tax (0.54% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,080

Renters already here pay a median of $598, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$810

1 bedroom$890

2 bedrooms$1,080

3 bedrooms$1,400

4 bedrooms$1,610

16%

of households rent · IN 29%

renter households

24%

of renters spend 30%+ of income on rent · IN 48%

20%

of the median income, for a two-bedroom

$598

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Louisville, KY-IN HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

84% of Blue River households own their home

Half of Blue River’s homes were built before 1982.

Owners and renters

Own 84%Rent 16%

Indiana: 71% own.

1982

typical home built · IN 1976

$826

median property tax bill · IN $1,614

0.54%

of a home’s value, a year in tax · IN 0.74%

U.S. Census Bureau, American Community Survey 2020-2024.

Next door

Blue River vs. its neighbors

Blue River is the least expensive of 6 neighboring towns. Tap one to see its housing page.

Spencer$232K Morgan$215K Milltown$214K Posey$203K Whiskey Run$154K Blue River$152K

Compare more

Town	Typical value	1-yr change	2-bed rent	New homes 2025	Median income
Blue River	$152K*	—	$1,080	—	$64,250
Whiskey Run	$154K*	—	$980	—	$58,531
Spencer	$232K*	—	$1,150	—	$95,793
Milltown	$214K	+3.1%	$1,020	0	$61,216
Posey	$203K*	—	$1,120	—	$43,100
Morgan	$215K*	+1.6%†	$1,220	—	$63,426

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Blue River buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Blue River still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.