How much do homeowners pay a month in Fairfield Township (Franklin County), IN?
Homeowners with a mortgage in Fairfield Township (Franklin County), IN pay a median of $1,934 (±$213) a month in selected owner costs (2020–2024 American Community Survey).
54.9% of owned homes carry a mortgage.
In Fairfield Township (Franklin County), the median monthly cost with a mortgage went from $1,330 in 2015–2019 to $1,934 in 2020–2024 (+45.4%).
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
- $1,934 (±$213)
- Owned with a mortgage
- 54.9%
Monthly owner costs in Fairfield Township (Franklin County)
| Fairfield Township (Franklin County) | Franklin County | Indiana | United States | |
|---|---|---|---|---|
| With a mortgage | $1,934 (±$213) | $1,548 (±$75) | $1,404 (±$5) | $1,963 |
| Without a mortgage | — | $515 (±$32) | $517 (±$3) | $638 |
| Owned homes with a mortgage | 54.9% (±30.4 points) | 56.5% (±4.4 points) | 63.6% (±0.3 points) | 60.6% |
| Median real estate taxes (a year) | $1,605 (±$555) | $1,479 (±$107) | $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 Fairfield Township (Franklin County), the median cost with a mortgage is higher than in Franklin County ($1,548).
It is also higher than in Indiana ($1,404).
It is not measurably different from the national figure ($1,963).
In Franklin County, Fairfield Township (Franklin County) ranks 2 of 18 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 40 of 1,564.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Fairfield Township (Franklin County) have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,330 (±$289) | $1,934 (±$213) | +45.4% | No measurable change after inflation |
| Median real estate taxes | $1,114 (±$296) | $1,605 (±$555) | +44.1% | No measurable change after inflation |
| Median home value | $160,300 (±$9,869) | $266,100 (±$41,539) | +66.0% | 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 Fairfield Township (Franklin County)
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Fairfield Township (Franklin County) | — | $1,934 (±$213) | — |
| Harmony Township (Union County) | 3.0 mi | $1,971 (±$1,486) | Not measurably different |
| Bath Township | 5.2 mi | $1,625 (±$1,372) | Not measurably different |
| Brookville | 5.7 mi | $1,333 (±$230) | Lower |
| Brookville Township | 5.7 mi | $1,599 (±$92) | Lower |
| Blooming Grove Township | 5.9 mi | $1,689 (±$396) | Not measurably different |
| Union Township (Union County) | 7.1 mi | $1,117 (±$304) | Lower |
| Springfield Township (Franklin County) | 7.4 mi | $1,572 (±$428) | Not measurably different |
| Jackson Township (Fayette County) | 8.3 mi | $1,270 (±$123) | Lower |
Nearby places with a measurably lower figure: Brookville, IN ($1,333), Brookville Township, IN ($1,599), Union Township (Union County), IN ($1,117).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Franklin County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Butler Township (Franklin County) | $2,128 (±$928) |
| 2 | Fairfield Township (Franklin County) | $1,934 (±$213) |
| 3 | Blooming Grove Township | $1,689 (±$396) |
| 4 | Ray Township (Franklin County) | $1,676 (±$201) |
| 5 | Bath Township | $1,625 (±$1,372) |
| 6 | Brookville Township | $1,599 (±$92) |
| 7 | Oldenburg | $1,585 (±$316) |
| 8 | Springfield Township (Franklin County) | $1,572 (±$428) |
Showing 8 of 18 places in Franklin 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 Fairfield Township (Franklin County)
What is the average mortgage payment in Fairfield Township (Franklin County)?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Fairfield Township (Franklin County), IN is $1,934 (±$213) a month, including taxes, insurance and utilities.
Has the cost of owning a home in Fairfield Township (Franklin County) gone up?
In Fairfield Township (Franklin County), the median monthly cost with a mortgage went from $1,330 in 2015–2019 to $1,934 in 2020–2024 (+45.4%).
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 — Fairfield township, Franklin County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Fairfield township, Franklin County, Indiana
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Fairfield township, Franklin County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Fairfield township, Franklin County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Fairfield township, Franklin 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 Fairfield township, Franklin County, Indiana (county subdivision:22306, in state:18 county:047).
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 .
Related
- Housing in Fairfield Township (Franklin County) at a glance
- Home values in Fairfield Township (Franklin County)
- Property taxes in Fairfield Township (Franklin County)
- Types of homes in Fairfield Township (Franklin County)
- Commute and cars in Fairfield Township (Franklin County)
- Indiana landlord and tenant rules
- Housing across Franklin County
- Housing data for every place in Indiana