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Housing in Hanna

A typical Hanna home is worth roughly $155,000

Typical home value
$155K
IN $260K
Estimate
2-bedroom rent
$1,030
a month, utilities in · HUD
Median tax bill
$1,076
IN $1,614

What kind of housing town is Hanna?

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

★ What stands out · Affordability

A typical home costs 4 years of income

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

You could afford about
$156,000
Typical Hanna home $155K

That covers a typical Hanna home, with $1K to spare.

The typical home, each month
$900
Loan $770Tax $90Insurance $50

A two-bedroom rents for about $1,030 a month here, $130 more than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Hanna’s typical property tax (0.69% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

57% of Hanna households own their home

Half of Hanna’s homes were built before 1944.

Owners and renters
Own 57%Rent 44%

Indiana: 71% own.

1944
typical home built · IN 1976
$1,076
median property tax bill · IN $1,614
0.69%
of a home’s value, a year in tax · IN 0.74%

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Renting

A two-bedroom rents for about $1,030

Renters already here pay a median of $863, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$750
1 bedroom$830
2 bedrooms$1,030
3 bedrooms$1,280
4 bedrooms$1,530
44%
of households rent · IN 29%
66
renter households
$863
median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Michigan City-La Porte, IN MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Neighbors talk housing

What Hanna buyers, sellers and renters are saying.

Town Square →
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Is Hanna still affordable for young families?

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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.

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