Housing in Reserve

A typical Reserve home is worth roughly $94,000

Typical home value

$94K

IN $260K

Estimate

2-bedroom rent

$1,040

a month, utilities in · HUD

Median tax bill

$821

IN $1,614

What kind of housing town is Reserve?

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

Your money goes further64% below the Indiana typical home.

★ What stands out · Affordability

A typical home costs 1.8 years of income

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

You could afford about

$199,000

Typical Reserve home $94K

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

The typical home, each month

$560

Loan $460Tax $70Insurance $30

A two-bedroom rents for about $1,040 a month here, $480 more than owning.

Where your budget reaches nearby

Vermillion$151K Penn$137K Helt$105K Wabash$109K Adams$148K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Reserve’s typical property tax (0.88% 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

Renters already here pay a median of $936, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$760

1 bedroom$790

2 bedrooms$1,040

3 bedrooms$1,360

4 bedrooms$1,390

20%

of households rent · IN 29%

renter households

40%

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

24%

of the median income, for a two-bedroom

$936

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Parke County, IN): 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 Reserve households own their home

Half of Reserve’s homes were built before 1963.

Owners and renters

Own 81%Rent 20%

Indiana: 71% own.

1963

typical home built · IN 1976

$821

median property tax bill · IN $1,614

0.88%

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

of homes are seasonal or vacation homes

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

Next door

Reserve vs. its neighbors

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

Vermillion$151K Adams$148K Penn$137K Wabash$109K Helt$105K Reserve$94K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Reserve	$94K*	—	$1,040	$51,397
Vermillion	$151K*	—	$1,040	$58,750
Penn	$137K*	—	$1,040	$92,578
Helt	$105K*	—	$1,000	$61,204
Wabash	$109K*	—	$1,010	$75,953
Adams	$148K*	+14.5%†	$960	$61,190

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 Reserve buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Reserve 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.