How much do homeowners pay a month in Wood Township, IN?
Homeowners with a mortgage in Wood Township, IN pay a median of $1,121 (±$104) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $494 (±$75).
72.8% of owned homes carry a mortgage.
In Wood Township, the median monthly cost with a mortgage went from $1,120 in 2015–2019 to $1,121 in 2020–2024 (+0.1%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- With a mortgage
- $1,121 (±$104)
- Without a mortgage
- $494 (±$75)
- Owned with a mortgage
- 72.8%
Monthly owner costs in Wood Township
| Wood Township | Clark County | Indiana | United States | |
|---|---|---|---|---|
| With a mortgage | $1,121 (±$104) | $1,403 (±$25) | $1,404 (±$5) | $1,963 |
| Without a mortgage | $494 (±$75) | $517 (±$18) | $517 (±$3) | $638 |
| Owned homes with a mortgage | 72.8% (±9.0 points) | 66.4% (±1.6 points) | 63.6% (±0.3 points) | 60.6% |
| Median real estate taxes (a year) | $1,408 (±$190) | $1,716 (±$58) | $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 Wood Township, the median cost with a mortgage is lower than in Clark County ($1,403).
It is also lower than in Indiana ($1,404).
It is lower than the national figure ($1,963).
In Clark County, Wood Township ranks 18 of 19 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 1098 of 1,564.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Wood Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,120 (±$98) | $1,121 (±$104) | +0.1% | Down after inflation |
| Median real estate taxes | $1,111 (±$185) | $1,408 (±$190) | +26.7% | No measurable change after inflation |
| Median home value | $165,300 (±$22,295) | $204,600 (±$29,303) | +23.8% | No measurable change 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 Wood Township
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Wood Township | — | $1,121 (±$104) | — |
| Borden | 2.0 mi | $1,089 (±$81) | Not measurably different |
| Carr Township (Clark County) | 5.1 mi | $1,870 (±$367) | Higher |
| Greenville Township | 5.2 mi | $1,781 (±$88) | Higher |
| Greenville | 5.3 mi | $1,670 (±$164) | Higher |
| New Pekin | 5.6 mi | $1,066 (±$120) | Not measurably different |
| Jackson Township (Washington County) | 5.7 mi | $1,281 (±$214) | Not measurably different |
| Polk Township (Washington County) | 5.9 mi | $1,350 (±$166) | Higher |
| Galena | 5.9 mi | $1,590 (±$240) | Higher |
Nearby places with a measurably higher figure: Carr Township (Clark County), IN ($1,870), Greenville Township, IN ($1,781), Greenville, IN ($1,670).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Clark County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 12 | Oregon Township (Clark County) | $1,349 (±$189) |
| 13 | Sellersburg | $1,344 (±$119) |
| 14 | Charlestown | $1,330 (±$124) |
| 15 | Bethlehem Township (Clark County) | $1,315 (±$315) |
| 16 | Jeffersonville Township | $1,291 (±$42) |
| 17 | Washington Township (Clark County) | $1,151 (±$173) |
| 18 | Wood Township | $1,121 (±$104) |
| 19 | Borden | $1,089 (±$81) |
Showing 8 of 19 places in Clark 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 Wood Township
What is the average mortgage payment in Wood Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Wood Township, IN is $1,121 (±$104) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Wood Township?
Owners without a mortgage in Wood Township pay a median of $494 (±$75) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Wood Township gone up?
In Wood Township, the median monthly cost with a mortgage went from $1,120 in 2015–2019 to $1,121 in 2020–2024 (+0.1%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Wood township, Clark County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Wood township, Clark County, Indiana
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Wood township, Clark County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Wood township, Clark County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Wood township, Clark 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 Wood township, Clark County, Indiana (county subdivision:85166, in state:18 county:019).
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 Wood Township at a glance
- Median rent in Wood Township
- Income and affordability in Wood Township
- Home values in Wood Township
- Property taxes in Wood Township
- Types of homes in Wood Township
- Bedrooms in Wood Township
- Age of homes in Wood Township
- Heating fuel in Wood Township
- Commute and cars in Wood Township
- Population growth in Wood Township
- How long people stay in Wood Township
- Fair Market Rent in Wood Township
- Indiana landlord and tenant rules
- Housing across Clark County
- Housing data for every place in Indiana