Housing in Carpenter

A typical Carpenter home is worth roughly $156,000

Typical home value

$156K

IN $260K

Estimate

2-bedroom rent

$1,030

a month, utilities in · HUD

Median tax bill

$804

IN $1,614

What kind of housing town is Carpenter?

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

Your money goes further40% below the Indiana typical home.

★ What stands out · Affordability

A typical home costs 2 years of income

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

You could afford about

$329,000

Typical Carpenter home $156K

That covers a typical Carpenter home, with $173K to spare.

The typical home, each month

$880

Loan $770Tax $70Insurance $50

A two-bedroom rents for about $1,030 a month here, $150 more than owning.

Where your budget reaches nearby

Princeton$154K Grant$103K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Carpenter’s typical property tax (0.52% 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 $1,030

Renters already here pay a median of $823, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$780

1 bedroom$860

2 bedrooms$1,030

3 bedrooms$1,320

4 bedrooms$1,510

19%

of households rent · IN 29%

148

renter households

33%

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

16%

of the median income, for a two-bedroom

$823

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Jasper County, 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

81% of Carpenter households own their home

Half of Carpenter’s homes were built before 1958.

Owners and renters

Own 81%Rent 19%

Indiana: 71% own.

1958

typical home built · IN 1976

$804

median property tax bill · IN $1,614

0.52%

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

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

Next door

Carpenter vs. its neighbors

Carpenter is the priciest of 3 neighboring towns. Tap one to see its housing page.

Carpenter$156K Princeton$154K Grant$103K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Carpenter	$156K*	—	$1,030	$79,500
Princeton	$154K*	—	$1,080	$70,833
Grant	$103K*	—	$960	$59,946

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 Carpenter buyers, sellers and renters are saying.

Town Square →

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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.