Housing in Railroad

A typical Railroad home is worth roughly $233,000

Typical home value

$233K

IN $260K

Estimate

2-bedroom rent

$1,030

a month, utilities in · HUD

Median tax bill

$1,493

IN $1,614

What kind of housing town is Railroad?

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

A town of owners89% of households own their home.

★ What stands out · The homes

89% of Railroad households own their home

Half of Railroad’s homes were built before 1977.

Owners and renters

Own 89%Rent 11%

Indiana: 71% own.

1977

typical home built · IN 1976

$1,493

median property tax bill · IN $1,614

0.64%

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 2.6 years of income

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

You could afford about

$363,000

Typical Railroad home $233K

That covers a typical Railroad home, with $130K to spare.

The typical home, each month

$1,350

Loan $1,150Tax $120Insurance $70

A two-bedroom rents for about $1,030 a month here, $320 less than owning.

Where your budget reaches nearby

Dewey$159K Kankakee$183K Cass$162K Wayne$135K Walker$250K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Railroad’s typical property tax (0.64% 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

Fair Market Rent a month, utilities included

Studio$770

1 bedroom$790

2 bedrooms$1,030

3 bedrooms$1,310

4 bedrooms$1,540

11%

of households rent · IN 29%

renter households

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

14%

of the median income, for a two-bedroom

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.

Next door

Railroad vs. its neighbors

Railroad is the 2nd priciest of 6 neighboring towns. Tap one to see its housing page.

Walker$250K Railroad$233K Kankakee$183K Cass$162K Dewey$159K Wayne$135K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Railroad	$233K*	—	$1,030	$90,000
Dewey	$159K*	—	$1,290	$66,908
Kankakee	$183K*	+2.7%†	$1,180	$81,971
Cass	$162K*	—	$1,110	$61,326
Wayne	$135K*	+1.3%†	$990	$60,250
Walker	$250K*	+7.2%†	$1,190	$91,932

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 Railroad buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Railroad 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.