How much do homeowners pay a month in Erie Township, IN?
Homeowners with a mortgage in Erie Township, IN pay a median of $1,403 (±$239) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $445 (±$239).
48.3% of owned homes carry a mortgage.
In Erie Township, the median monthly cost with a mortgage went from $992 in 2015–2019 to $1,403 in 2020–2024 (+41.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- With a mortgage
- $1,403 (±$239)
- Without a mortgage
- $445 (±$239)
- Owned with a mortgage
- 48.3%
Monthly owner costs in Erie Township
| Erie Township | Miami County | Indiana | United States | |
|---|---|---|---|---|
| With a mortgage | $1,403 (±$239) | $1,074 (±$47) | $1,404 (±$5) | $1,963 |
| Without a mortgage | $445 (±$239) | $434 (±$23) | $517 (±$3) | $638 |
| Owned homes with a mortgage | 48.3% (±22.8 points) | 53.0% (±3.3 points) | 63.6% (±0.3 points) | 60.6% |
| Median real estate taxes (a year) | $2,155 (±$597) | $756 (±$57) | $1,614 (±$9) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Erie Township, the median cost with a mortgage is higher than in Miami County ($1,074).
It is not measurably different from Indiana ($1,404).
It is lower than the national figure ($1,963).
In Miami County, Erie Township ranks 5 of 21 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 472 of 1,564.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Erie Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $992 (±$167) | $1,403 (±$239) | +41.4% | No measurable change after inflation |
| Median real estate taxes | $453 (±$296) | $2,155 (±$597) | +375.7% | Up after inflation |
| Median home value | $103,300 (±$34,284) | $254,100 (±$117,952) | +146.0% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Erie Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Erie Township | — | $1,403 (±$239) | — |
| Peru | 5.0 mi | $853 (±$39) | Lower |
| Peru Township | 5.6 mi | $894 (±$55) | Lower |
| Butler Township (Miami County) | 5.6 mi | $1,507 (±$454) | Not measurably different |
| Richland Township (Miami County) | 6.0 mi | $988 (±$312) | Lower |
| Noble Township (Wabash County) | 6.8 mi | $1,133 (±$64) | Lower |
| Washington Township (Miami County) | 6.9 mi | $947 (±$114) | Lower |
| Jefferson Township (Miami County) | 7.2 mi | $924 (±$211) | Lower |
| Denver | 7.6 mi | $844 (±$200) | Lower |
Nearby places with a measurably lower figure: Peru, IN ($853), Peru Township, IN ($894), Richland Township (Miami County), IN ($988).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Miami County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Union Township (Miami County) | $1,588 (±$204) |
| 2 | Harrison Township (Miami County) | $1,581 (±$97) |
| 3 | Butler Township (Miami County) | $1,507 (±$454) |
| 4 | Perry Township (Miami County) | $1,490 (±$461) |
| 5 | Erie Township | $1,403 (±$239) |
| 6 | Clay Township (Miami County) | $1,343 (±$95) |
| 7 | Jackson Township (Miami County) | $1,328 (±$92) |
| 8 | Allen Township (Miami County) | $1,188 (±$166) |
| 9 | Bunker Hill | $1,145 (±$111) |
| 10 | Pipe Creek Township (Miami County) | $1,142 (±$66) |
| 11 | Deer Creek Township (Miami County) | $1,121 (±$126) |
Showing 11 of 21 places in Miami County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Erie Township
What is the average mortgage payment in Erie Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Erie Township, IN is $1,403 (±$239) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Erie Township?
Owners without a mortgage in Erie Township pay a median of $445 (±$239) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Erie Township gone up?
In Erie Township, the median monthly cost with a mortgage went from $992 in 2015–2019 to $1,403 in 2020–2024 (+41.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Erie township, Miami County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Erie township, Miami County, Indiana
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Erie township, Miami County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Erie township, Miami County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Erie township, Miami County, Indiana
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Erie township, Miami County, Indiana (county subdivision:21412, in state:18 county:103).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .