How much do homeowners pay a month in Lake Township (Allen County), IN?
Homeowners with a mortgage in Lake Township (Allen County), IN pay a median of $1,351 (±$103) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $575 (±$89).
56.9% of owned homes carry a mortgage.
In Lake Township (Allen County), the median monthly cost with a mortgage went from $1,205 in 2015–2019 to $1,351 in 2020–2024 (+12.1%).
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
- $1,351 (±$103)
- Without a mortgage
- $575 (±$89)
- Owned with a mortgage
- 56.9%
Monthly owner costs in Lake Township (Allen County)
| Lake Township (Allen County) | Allen County | Indiana | United States | |
|---|---|---|---|---|
| With a mortgage | $1,351 (±$103) | $1,346 (±$16) | $1,404 (±$5) | $1,963 |
| Without a mortgage | $575 (±$89) | $513 (±$11) | $517 (±$3) | $638 |
| Owned homes with a mortgage | 56.9% (±9.4 points) | 63.8% (±1.2 points) | 63.6% (±0.3 points) | 60.6% |
| Median real estate taxes (a year) | $1,572 (±$336) | $1,689 (±$28) | $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 Lake Township (Allen County), the median cost with a mortgage is not measurably different from Allen County ($1,346).
It is not measurably different from Indiana ($1,404).
It is lower than the national figure ($1,963).
In Allen County, Lake Township (Allen County) ranks 14 of 28 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 575 of 1,564.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Lake Township (Allen County) have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,205 (±$178) | $1,351 (±$103) | +12.1% | No measurable change after inflation |
| Median real estate taxes | $1,224 (±$152) | $1,572 (±$336) | +28.4% | No measurable change after inflation |
| Median home value | $160,500 (±$28,513) | $260,800 (±$15,306) | +62.5% | 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 Lake Township (Allen County)
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Lake Township (Allen County) | — | $1,351 (±$103) | — |
| Washington Township (Allen County) | 5.1 mi | $1,271 (±$41) | Not measurably different |
| Eel River Township (Allen County) | 6.1 mi | $1,574 (±$120) | Higher |
| Union Township (Whitley County) | 6.3 mi | $1,234 (±$133) | Not measurably different |
| Aboite Township | 6.5 mi | $1,761 (±$62) | Higher |
| Churubusco | 6.7 mi | $1,088 (±$78) | Lower |
| Smith Township (Whitley County) | 6.9 mi | $1,275 (±$129) | Not measurably different |
| Fort Wayne | 7.8 mi | $1,240 (±$16) | Lower |
| Huntertown | 8.0 mi | $1,601 (±$101) | Higher |
Nearby places with a measurably lower figure: Churubusco, IN ($1,088), Fort Wayne, IN ($1,240).
Nearby places with a measurably higher figure: Eel River Township (Allen County), IN ($1,574), Aboite Township, IN ($1,761), Huntertown, IN ($1,601).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Allen County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 8 | Scipio Township (Allen County) | $1,604 (±$436) |
| 9 | Huntertown | $1,601 (±$101) |
| 10 | Eel River Township (Allen County) | $1,574 (±$120) |
| 11 | Marion Township (Allen County) | $1,529 (±$157) |
| 12 | Jackson Township (Allen County) | $1,480 (±$149) |
| 13 | Jefferson Township (Allen County) | $1,384 (±$296) |
| 14 | Lake Township (Allen County) | $1,351 (±$103) |
| 15 | Madison Township (Allen County) | $1,284 (±$251) |
| 16 | St. Joseph Township | $1,279 (±$42) |
| 17 | Washington Township (Allen County) | $1,271 (±$41) |
| 18 | Fort Wayne | $1,240 (±$16) |
| 19 | New Haven | $1,208 (±$57) |
| 20 | Monroe Township (Allen County) | $1,190 (±$63) |
Showing 13 of 28 places in Allen 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 Lake Township (Allen County)
What is the average mortgage payment in Lake Township (Allen County)?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Lake Township (Allen County), IN is $1,351 (±$103) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Lake Township (Allen County)?
Owners without a mortgage in Lake Township (Allen County) pay a median of $575 (±$89) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Lake Township (Allen County) gone up?
In Lake Township (Allen County), the median monthly cost with a mortgage went from $1,205 in 2015–2019 to $1,351 in 2020–2024 (+12.1%).
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 — Lake township, Allen County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Lake township, Allen County, Indiana
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Lake township, Allen County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Lake township, Allen County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Lake township, Allen 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 Lake township, Allen County, Indiana (county subdivision:40932, in state:18 county:003).
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
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- Income and affordability in Lake Township (Allen County)
- Home values in Lake Township (Allen County)
- Property taxes in Lake Township (Allen County)
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- Bedrooms in Lake Township (Allen County)
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- Population growth in Lake Township (Allen County)
- How long people stay in Lake Township (Allen County)
- Fair Market Rent in Lake Township (Allen County)
- Indiana landlord and tenant rules
- Housing across Allen County
- Housing data for every place in Indiana