Housing in Posey

A typical Posey home is worth roughly $222,000

Typical home value

$222K

IN $260K

Estimate

2-bedroom rent

$1,040

a month, utilities in · HUD

Median tax bill

$1,047

IN $1,614

What kind of housing town is Posey?

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

A town of owners90% of households own their home.

★ What stands out · The homes

90% of Posey households own their home

Half of Posey’s homes were built before 1956.

Owners and renters

Own 90%Rent 10%

Indiana: 71% own.

1956

typical home built · IN 1976

$1,047

median property tax bill · IN $1,614

0.47%

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

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

Affordability

A typical home costs 2.8 years of income

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

You could afford about

$327,000

Typical Posey home $222K

That covers a typical Posey home, with $105K to spare.

The typical home, each month

$1,250

Loan $1,100Tax $90Insurance $60

A two-bedroom rents for about $1,040 a month here, $210 less than owning.

Where your budget reaches nearby

Union$256K Hanover$190K Ripley$200K Rushville$210K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Posey’s typical property tax (0.47% 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 $1,040

Fair Market Rent a month, utilities included

Studio$760

1 bedroom$850

2 bedrooms$1,040

3 bedrooms$1,320

4 bedrooms$1,450

10%

of households rent · IN 29%

renter households

100%

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

16%

of the median income, for a two-bedroom

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

Next door

Posey vs. its neighbors

Posey is the 2nd priciest of 5 neighboring towns. Tap one to see its housing page.

Union$256K Posey$222K Rushville$210K Ripley$200K Hanover$190K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Posey	$222K*	—	$1,040	$78,563
Union	$256K*	+9.3%†	$1,240	$99,397
Hanover	$190K*	+2.4%†	$1,290	$80,739
Ripley	$200K*	+9%†	$1,110	$65,917
Jackson	—	+10%†	$980	$68,355
Rushville	$210K	+2.4%	$970	$57,639

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 Posey buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Posey 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.