Compare Valparaiso, IN mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Valparaiso.
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May 26, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Valparaiso. Understand how much you need to earn to afford a home in Valparaiso, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Valparaiso fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Valparaiso is right for you.
The median home value for Valparaiso, IN (Porter County) is $257,384
Based on current mortgage rates and a 10% down payment, you need to make $42,171 per year to buy the median priced home in Valparaiso
With this income, you could qualify for a $231,645 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Valparaiso is $977
The median household income for Valparaiso, IN (Porter County) is $78,345
Based on this income, you can afford a home valued at approximately $478,162
The home price you can afford to buy based on household income in Valparaiso is 186% of the median home value which means housing prices are average. Valparaiso (Porter County) ranks 82 out of 92 counties in Indiana and 2,027 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Valparaiso, IN is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Valparaiso (Porter County) below.
Conforming loan limits for Valparaiso, IN
FHA loan limits for Valparaiso, IN
VA loan limits for Valparaiso, IN