How much do homeowners pay a month in Shelby Township (Tippecanoe County), IN?
Homeowners with a mortgage in Shelby Township (Tippecanoe County), IN pay a median of $1,577 (±$192) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $683 (±$181).
49.5% of owned homes carry a mortgage.
In Shelby Township (Tippecanoe County), the median monthly cost with a mortgage went from $1,397 in 2015–2019 to $1,577 in 2020–2024 (+12.9%).
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
- $1,577 (±$192)
- Without a mortgage
- $683 (±$181)
- Owned with a mortgage
- 49.5%
Monthly owner costs in Shelby Township (Tippecanoe County)
| Shelby Township (Tippecanoe County) | Tippecanoe County | Indiana | United States | |
|---|---|---|---|---|
| With a mortgage | $1,577 (±$192) | $1,375 (±$26) | $1,404 (±$5) | $1,963 |
| Without a mortgage | $683 (±$181) | $495 (±$17) | $517 (±$3) | $638 |
| Owned homes with a mortgage | 49.5% (±13.1 points) | 64.7% (±1.9 points) | 63.6% (±0.3 points) | 60.6% |
| Median real estate taxes (a year) | $1,661 (±$302) | $1,474 (±$45) | $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 Shelby Township (Tippecanoe County), the median cost with a mortgage is higher than in Tippecanoe County ($1,375).
It is not measurably different from Indiana ($1,404).
It is lower than the national figure ($1,963).
In Tippecanoe County, Shelby Township (Tippecanoe County) ranks 6 of 19 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 257 of 1,564.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Shelby Township (Tippecanoe County) have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,397 (±$163) | $1,577 (±$192) | +12.9% | No measurable change after inflation |
| Median real estate taxes | $1,166 (±$163) | $1,661 (±$302) | +42.5% | No measurable change after inflation |
| Median home value | $188,400 (±$30,715) | $329,700 (±$56,838) | +75.0% | 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 Shelby Township (Tippecanoe County)
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Shelby Township (Tippecanoe County) | — | $1,577 (±$192) | — |
| Otterbein | 2.2 mi | $1,123 (±$113) | Lower |
| Wabash Township (Tippecanoe County) | 4.7 mi | $1,608 (±$104) | Not measurably different |
| Medina Township | 6.0 mi | $1,769 (±$451) | Not measurably different |
| Bolivar Township | 6.0 mi | $1,263 (±$148) | Lower |
| West Lafayette | 7.0 mi | $1,802 (±$113) | Higher |
| Round Grove Township | 8.0 mi | $1,517 (±$482) | Not measurably different |
| Wayne Township (Tippecanoe County) | 9.2 mi | $1,553 (±$249) | Not measurably different |
| Adams Township (Warren County) | 9.9 mi | $1,064 (±$91) | Lower |
Nearby places with a measurably lower figure: Otterbein, IN ($1,123), Bolivar Township, IN ($1,263), Adams Township (Warren County), IN ($1,064).
Nearby places with a measurably higher figure: West Lafayette, IN ($1,802).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Tippecanoe County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | West Lafayette | $1,802 (±$113) |
| 2 | Tippecanoe Township (Tippecanoe County) | $1,733 (±$148) |
| 3 | Washington Township (Tippecanoe County) | $1,709 (±$438) |
| 4 | Battle Ground | $1,665 (±$156) |
| 5 | Wabash Township (Tippecanoe County) | $1,608 (±$104) |
| 6 | Shelby Township (Tippecanoe County) | $1,577 (±$192) |
| 7 | Lauramie Township | $1,554 (±$104) |
| 8 | Wayne Township (Tippecanoe County) | $1,553 (±$249) |
| 9 | Perry Township (Tippecanoe County) | $1,535 (±$104) |
| 10 (tie) | Shadeland | $1,533 (±$153) |
| 10 (tie) | Union Township (Tippecanoe County) | $1,533 (±$153) |
| 12 | Sheffield Township | $1,493 (±$161) |
Showing 12 of 19 places in Tippecanoe 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 Shelby Township (Tippecanoe County)
What is the average mortgage payment in Shelby Township (Tippecanoe County)?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Shelby Township (Tippecanoe County), IN is $1,577 (±$192) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Shelby Township (Tippecanoe County)?
Owners without a mortgage in Shelby Township (Tippecanoe County) pay a median of $683 (±$181) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Shelby Township (Tippecanoe County) gone up?
In Shelby Township (Tippecanoe County), the median monthly cost with a mortgage went from $1,397 in 2015–2019 to $1,577 in 2020–2024 (+12.9%).
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 — Shelby township, Tippecanoe County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Shelby township, Tippecanoe County, Indiana
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Shelby township, Tippecanoe County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Shelby township, Tippecanoe County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Shelby township, Tippecanoe 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 Shelby township, Tippecanoe County, Indiana (county subdivision:69300, in state:18 county:157).
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 Shelby Township (Tippecanoe County) at a glance
- Income and affordability in Shelby Township (Tippecanoe County)
- Home values in Shelby Township (Tippecanoe County)
- Property taxes in Shelby Township (Tippecanoe County)
- Types of homes in Shelby Township (Tippecanoe County)
- Age of homes in Shelby Township (Tippecanoe County)
- Heating fuel in Shelby Township (Tippecanoe County)
- Commute and cars in Shelby Township (Tippecanoe County)
- Population growth in Shelby Township (Tippecanoe County)
- Indiana landlord and tenant rules
- Housing across Tippecanoe County
- Housing data for every place in Indiana