How much do homeowners pay a month in Porter Township, IN?
Homeowners with a mortgage in Porter Township, IN pay a median of $1,768 (±$86) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $631 (±$46).
71.1% of owned homes carry a mortgage.
In Porter Township, the median monthly cost with a mortgage went from $1,533 in 2015–2019 to $1,768 in 2020–2024 (+15.3%).
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
- $1,768 (±$86)
- Without a mortgage
- $631 (±$46)
- Owned with a mortgage
- 71.1%
Monthly owner costs in Porter Township
| Porter Township | Porter County | Indiana | United States | |
|---|---|---|---|---|
| With a mortgage | $1,768 (±$86) | $1,653 (±$29) | $1,404 (±$5) | $1,963 |
| Without a mortgage | $631 (±$46) | $611 (±$17) | $517 (±$3) | $638 |
| Owned homes with a mortgage | 71.1% (±5.4 points) | 67.1% (±1.5 points) | 63.6% (±0.3 points) | 60.6% |
| Median real estate taxes (a year) | $2,491 (±$132) | $2,326 (±$51) | $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 Porter Township, the median cost with a mortgage is higher than in Porter County ($1,653).
It is also higher than in Indiana ($1,404).
It is lower than the national figure ($1,963).
In Porter County, Porter Township ranks 10 of 28 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 108 of 1,564.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Porter Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,533 (±$94) | $1,768 (±$86) | +15.3% | No measurable change after inflation |
| Median real estate taxes | $1,888 (±$111) | $2,491 (±$132) | +31.9% | No measurable change after inflation |
| Median home value | $234,800 (±$11,001) | $369,200 (±$19,533) | +57.2% | 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 Porter Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Porter Township | — | $1,768 (±$86) | — |
| Aberdeen | 4.0 mi | $1,759 (±$375) | Not measurably different |
| Lakes of the Four Seasons | 4.4 mi | $1,718 (±$69) | Not measurably different |
| Shorewood Forest | 5.1 mi | $2,365 (±$370) | Higher |
| Boone Township (Porter County) | 5.3 mi | $1,469 (±$124) | Lower |
| Hebron | 5.3 mi | $1,469 (±$145) | Lower |
| Winfield Township | 5.9 mi | $2,117 (±$155) | Higher |
| Union Township (Porter County) | 6.3 mi | $1,843 (±$224) | Not measurably different |
| Winfield | 6.6 mi | $2,403 (±$257) | Higher |
Nearby places with a measurably lower figure: Boone Township (Porter County), IN ($1,469), Hebron, IN ($1,469).
Nearby places with a measurably higher figure: Shorewood Forest, IN ($2,365), Winfield Township, IN ($2,117), Winfield, IN ($2,403).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Porter County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 4 | Ogden Dunes | $2,349 (±$287) |
| 5 | Jackson Township (Porter County) | $2,174 (±$185) |
| 6 | Liberty Township (Porter County) | $1,982 (±$134) |
| 7 | Washington Township (Porter County) | $1,868 (±$143) |
| 8 | Union Township (Porter County) | $1,843 (±$224) |
| 9 | Chesterton | $1,791 (±$136) |
| 10 | Porter Township | $1,768 (±$86) |
| 11 | Aberdeen | $1,759 (±$375) |
| 12 | Lakes of the Four Seasons | $1,718 (±$69) |
| 13 | Pine Township (Porter County) | $1,688 (±$231) |
| 14 | Center Township (Porter County) | $1,685 (±$85) |
| 15 | Burns Harbor | $1,674 (±$91) |
| 16 | Westchester Township | $1,665 (±$67) |
Showing 13 of 28 places in Porter 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 Porter Township
What is the average mortgage payment in Porter Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Porter Township, IN is $1,768 (±$86) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Porter Township?
Owners without a mortgage in Porter Township pay a median of $631 (±$46) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Porter Township gone up?
In Porter Township, the median monthly cost with a mortgage went from $1,533 in 2015–2019 to $1,768 in 2020–2024 (+15.3%).
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 — Porter township, Porter County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Porter township, Porter County, Indiana
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Porter township, Porter County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Porter township, Porter County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Porter township, Porter 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 Porter township, Porter County, Indiana (county subdivision:61182, in state:18 county:127).
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 Porter Township at a glance
- Income and affordability in Porter Township
- Home values in Porter Township
- Property taxes in Porter Township
- Types of homes in Porter Township
- Bedrooms in Porter Township
- Age of homes in Porter Township
- Heating fuel in Porter Township
- Commute and cars in Porter Township
- Population growth in Porter Township
- How long people stay in Porter Township
- Crowding and facilities in Porter Township
- Fair Market Rent in Porter Township
- Indiana landlord and tenant rules
- Housing across Porter County
- Housing data for every place in Indiana