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City · 13,837 residents · Lawrence County, Indiana

Bedford , Indiana

In Bedford, a typical home is worth $152,400 and typical rent is $828 a month. Compared with all of Lawrence County, typical household income is 25% lower, the typical home value is 13% lower, and the share of households that own their home is 14 points lower.

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  • Typical home value

    $152,400

    13% below the county

    30% below Indiana

    • Bedford
    • Lawrence
    • Indiana

  • Typical rent

    $828a month

    2% below the county

    22% below Indiana

    • Bedford
    • Lawrence
    • Indiana

  • Typical household income

    $49,553a year

    25% below the county

    31% below Indiana

    • Bedford
    • Lawrence
    • Indiana

  • Households that own their home

    67%

    14 points below the county

    3 points below Indiana

    • Bedford
    • Lawrence
    • Indiana

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$206,501
1.6% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Bedford is in Lawrence County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Lawrence County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Bedford apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Linton, the typical home value is $86,000: 44% less than in Bedford ($152,400).

  2. The typical household income in Bedford is $49,553, 25% less than in Lawrence County as a whole ($66,468).

  3. 67% of households in Bedford own their home, against 81% in Lawrence County.

  4. Nearby, in Salem, the typical rent is $690: 17% less than in Bedford ($828).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Bedford

What homes there are in Bedford, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Bedford, but it weighs less than in Lawrence County: 74% against 80%.

Year built

The typical home in Bedford was built in 1955, 18 years before the typical one in Lawrence County.

There are fewer big homes in Bedford than in Lawrence County: 52% have 3 bedrooms or more, against 65%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

At least 97% of owner-occupied homes in Bedford are worth less than $500,000, below the FHA loan limit for Lawrence County ($541,287).

Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for Lawrence County is $1,026; about 78% of rents in Bedford are below it.

With a mortgage

$1,190 a month

Lawrence County: $1,243 a month

Without a mortgage

$436 a month

Lawrence County: $456 a month

Owners with a mortgage

62%

Lawrence County: 58%

The typical cost for an owner with a mortgage in Bedford is $1,190 a month, near the figure in Lawrence County ($1,243).

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Bedford gained value faster than in Lawrence County: 61% against 49%.

Rents in Bedford rose at about the same pace as in Lawrence County: 22% since 2015–2019, against 23%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureBedfordLawrence CountyIndianaUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.6%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimate1.7%1.8%3.4%
People per household 2.092.322.462.53
Drive alone 83%81%76%69%
Carpool 8%9%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike 3%Unreliable estimate2%3%
Work from home 6%7%11%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

Fewer people live in each home here: 2.09 on average, against 2.32 in Lawrence County.

In Bedford, 83% of workers drive alone to work; in Lawrence County, 81%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Bedford?

A typical home is tight for the typical income

We start with a typical home in Bedford, worth $152,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 30% of the typical household income in Bedford, which is $49,553 a year. For that payment to be 28% of income, a household would need to earn about $52,811 a year.

The calculator's FHA and conventional loan limits are those of all of Lawrence County.

Your numbers

Local data
$

Starts at the typical home value in Bedford. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $5,334 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,232

at 7.18% · 30 years

Loan amount
$149,640
Total interest
$215,296
Paid off in
November 2056

Includes $2,574 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,156 a month

  • Tight

    $1,156 to $1,487 a month

    Your payment · 30%

  • Hard

    more than $1,487 a month

Compared with the typical household income in Bedford ($49,553 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,232
Principal & interest$1,014
Property tax$88
Home insurance$64
FHA mortgage insurance (MIP)$67

You need at least $5,334 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Bedford and Lawrence County

Bedford is in Lawrence County, Indiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Bedford's own numbers

Typical home value
$152,400
Typical monthly rent
$828
Typical yearly household income
$49,553
Households that own their home
67%
Effective property tax rate
0.69%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Lawrence County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,026
Price change over 5 years (FHFA)
+53%
Homes in a high flood-risk zone
1.1%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Lawrence County.

Everything about Lawrence County

Buying

Buying a home in Bedford

A typical home in Bedford is worth $152,400: 13% below the county and 30% below Indiana. With the typical household income in Bedford ($49,553 a year), a typical home costs 3.1 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Bedford 3.1 years
  • Lawrence 2.6 years
  • Indiana 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Lawrence County

According to FHFA’s house price index, home prices in Lawrence County rose 95% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Lawrence County.

Period County Indiana U.S.
Last year (2025) +4.2% +4.3% +2.9%
5 years (2020–2025) +53% +53% +47%
10 years (2015–2025) +95% +95% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Bedford next to Lawrence County, Indiana and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Bedford $152,400
  • Lawrence $175,000
  • Indiana $218,200
  • United States $332,700
Typical monthly rent
  • Bedford $828
  • Lawrence $845
  • Indiana $1,062
  • United States $1,413
Typical yearly household income
  • Bedford $49,553
  • Lawrence $66,468
  • Indiana $71,957
  • United States $80,734
See the full table
Bedford next to Lawrence County and Indiana
Measure Bedford Lawrence County Indiana U.S.
Typical home value $152,400 $175,000 $218,200 $332,700
Typical monthly rent $828 $845 $1,062 $1,413
Typical yearly household income $49,553 $66,468 $71,957 $80,734
Households that own their home 67% 81% 71% 65%
Typical yearly property tax $1,058 $1,049 $1,614 $3,119
Effective property tax rate 0.69% 0.6% 0.74% 0.94%
Renters with high rent for their income 54% 47% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Lawrence County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Bedford

For a typical $152,400 home in Bedford, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Bedford's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,232a month

    Least cash to close
    Down payment
    $5,334
    Cash to close
    $9,906
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $67

  • Conventional, 5% down $1,204a month

    Down payment
    $7,620
    Cash to close
    $12,192
    Rate
    7.18%
    Mortgage insurance
    PMI · $72

  • Conventional, 20% down, no PMI $977a month

    Down payment
    $30,480
    Cash to close
    $35,052
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,118a month

    Down payment
    $22,860
    Cash to close
    $27,432
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Bedford and for Lawrence County.

Property tax

Effective rate in Bedford

0.69%of the home’s value each year

$1,058 a year for the typical owner in Bedford.

  • Bedford 0.69%
  • Lawrence 0.6%
  • Indiana 0.74%

What Indiana publishes Homestead standard deduction: the amount drops each year (Indiana Department of Local Government Finance (DLGF), Form HC10)

Exemptions and deadlines in Indiana

Flood risk in Lawrence County

FEMA does not publish these numbers by city: they are for all of Lawrence County.

Homes in the high-risk zone
1.1%
219
Of those, with NFIP insurance
11%
County Indiana U.S.
Homes in the high-risk zone 1.1% 2.3% 3.5%
Of those, with NFIP insurance 11% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Bedford

Typical rent in Bedford is $828 a month: 2% below the county. In Bedford, 54% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Lawrence County, by unit size. To pay the 2-bedroom one ($1,026 a month) without spending more than 30% of your income, you would need to earn $19.73 an hour working full time.

HUD fair market rent for all of Lawrence County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $768 $14.77 $30,720
1 bedroom $784 $15.08 $31,360
2 bedrooms $1,026 $19.73 $41,040
3 bedrooms $1,222 $23.50 $48,880
4 bedrooms $1,572 $30.23 $62,880

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Bedford

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Bedford is in ZIP code 47421.

For 2 bedrooms it is $1,050: $24 more than the fair market rent for Lawrence County ($1,026).

  • 47421 $1,050$1,250

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Bedford when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Bedford

HUD lists 6 buildings with rents for lower incomes in Bedford. These are the largest.

  • Hauck House Apartments. 1305 K St, Bedford 47421 168 homes, 165 low-income · Run by Housing Authority City of Bedford · Average payment: $413 a month · Average wait: 5 months (812) 279-2356
  • Cambridge Square Bedford 1941 Plaza Dr, Bedford 47421 135 low-income homes · For older adults (812) 279-6661
  • Shawnee Apts 100 Shawnee Ln, Bedford 47421 56 low-income homes · 1 bd: 8 · 2 bd: 24 · 3 bd: 24 · In service since 2000
  • Stonecutters Place 1030 16th St, Bedford 47421 30 low-income homes · 1 bd: 22 · 2 bd: 8 · In service since 2015 · For older adults
  • South Central Housing 2721 Industrial Drive, Bedford 47421 20 homes, 19 low-income · For people with disabilities (812) 275-8456

See all 7 buildings in Lawrence County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Bedford

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Lawrence County. The nearest ones are below; many serve by phone or online.

A man smiles on a bench outside his apartment building.

HUD counseling is free or low-cost

Assistance programs in Bedford

No down payment, repair or rent-help program on our list is for Bedford or Lawrence County. The ones below are statewide in Indiana: they work in Bedford the same as in the rest of the state.

Which programs do I qualify for? All programs in Indiana

  • Next Home

    Statewide in Indiana

    Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Type not stated

    See the program Official page

  • First Step

    Statewide in Indiana

    Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Deferred

    See the program Official page

Housing counselors near Bedford

The HUD-approved agencies closest to the center of Bedford, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • City of Bloomington - Housing and Neighborhood Development (HAND)

    401 N Morton St, Bloomington · 22 miles away

    • Mortgage delinquency and default
    • Homelessness services
    • and 6 more
    (812) 349-3420

  • Dubois Pike Warrick Economic Opportunity Committee, Inc. D/B/A Tri-Cap

    607 3rd Ave, Jasper · 40 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (812) 482-2233

  • Blue River Services Inc

    156 Autumn Ridge Dr NW, Corydon · 46 miles away · Spanish

    Also serves in Arabic, American Sign Language (ASL), Cambodian, Cantonese, and 19 more languages.

    • Budget and credit workshops
    • Fair housing pre-purchase workshops
    • and 6 more
    812-738-8016x104

All counseling agencies in Indiana

Help in Spanish near Bedford

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Bedford

HUD’s record names them for Bedford or Lawrence County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority City of Bedford Public housing and Section 8 vouchers (812) 279-2356

All housing agencies in Indiana Source: HUD

Cities

Nearby cities

The cities closest to Bedford, with the typical home value.

Everything about Lawrence County Housing in Indiana

Neighboring counties

If Lawrence County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Bedford.

All guides
A couple spread mulch under the avocado trees of their family orchard, he on the tractor and she with a shovel.

Questions

Housing questions about Bedford

Short answers with the numbers for Bedford and all of Lawrence County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Bedford?

The typical home value in Bedford is $152,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Lawrence County it is $175,000.

How much does it cost to rent in Bedford?

Typical rent in Bedford is $828 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Lawrence County is $1,026.

What is the FHA loan limit in Bedford?

Bedford uses the FHA limit for all of Lawrence County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Bedford?

The typical homeowner in Bedford pays $1,058 a year, according to the U.S. Census Bureau. That is 0.69% of the home’s value; in Lawrence County, the rate is 0.6%.

Where can I find free help to buy or rent in Bedford?

We found no HUD-approved counseling agencies with an office in Lawrence County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).