In Bright, a typical home is worth $279,500 and typical rent is $869 a month. Compared with all of Dearborn County, typical household income is 29% higher and the typical home value is 15% higher.
Typical home value from Zillow, September 2021 to September 2026: from $274,576 to $360,116.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Bright is in Dearborn 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 Dearborn County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Connersville, the typical home value is $106,300: 62% less than in Bright ($279,500).
2
The typical household income in Bright is $108,974,29% more than in Dearborn County as a whole ($84,735).
3
Bright has the 10th highest homeownership rate of the 134 cities in Indiana with more than 5,000 people (89%).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Bright
What homes there are in Bright, 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
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Bright
Dearborn County
Indiana
United States
Kind of home: Bright and its comparisons
Measure
Bright
Dearborn County
Indiana
United States
Detached house
79%
82%
73%
61%
Attached house
10%
4%
4%
6%
Building of 2 to 4
Unreliable estimate
5%
6%
8%
Apartments (5 or more)
Unreliable estimate
8%
13%
19%
Mobile home
Unreliable estimate
3%
4%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is the most common home in Bright: 79% of homes, near the figure in Dearborn County (82%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Bright
Dearborn County
Indiana
United States
Year built: Bright and its comparisons
Measure
Bright
Dearborn County
Indiana
United States
Before 1960
Unreliable estimate
25%
31%
26%
1960–1979
18%
22%
24%
24%
1980–1999
43%
30%
23%
25%
2000–2009
22%
14%
12%
14%
2010 or later
Unreliable estimate
8%
10%
11%
Here half of the homes date from 1993 or later; in Dearborn County, from 1982 or later.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K16%
$200K–$300K33%
$300K–$500K37%
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Bright and its comparisons
Measure
Bright
Under $100K
Unreliable estimate
$100K–$200K
16%
$200K–$300K
33%
$300K–$500K
37%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99985%
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Bright and its comparisons
Measure
Bright
Under $500
Unreliable estimate
$500–$999
85%
$1,000–$1,499
Unreliable
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,625 a month
Dearborn County: $1,518 a month
Without a mortgage
$566 a month
Dearborn County: $522 a month
Owners with a mortgage
68%
Dearborn County: 65%
Owning costs more in Bright: with a mortgage, the typical cost is $1,625 a month; in Dearborn County, $1,518. Without one, $566.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Bright+54%
Dearborn County+43%
Indiana+54%
United States+53%
Typical rent
Bright+22%
Dearborn County+14%
Indiana+29%
United States+33%
Typical household income
Bright+44%
Dearborn County+23%
Indiana+28%
United States+29%
Change since 2015–2019: Bright and its comparisons
Measure
Bright
Dearborn County
Indiana
United States
Typical home value
+54%
+43%
+54%
+53%
Typical rent
+22%
+14%
+29%
+33%
Typical household income
+44%
+23%
+28%
+29%
From 2015–2019 to 2020–2024, the typical home value in Bright rose 54%; in Dearborn County, it rose 43%.
Since 2015–2019, the typical rent in Bright rose 22%, more than in Dearborn County (14%).
The typical household income in Bright rose 44% over that time; home values changed +54% and rent +22%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Bright and its comparisons
Measure
Bright
Dearborn County
Indiana
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
5.6%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
Unreliable estimate
1.8%
3.4%
People per household
2.51
2.49
2.46
2.53
Drive alone
73%
78%
76%
69%
Carpool
Unreliable estimate
10%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
1%
2%
3%
Work from home
19%
10%
11%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
Unreliable estimate
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
By size, households in Bright look like those in Dearborn County: 2.51 people on average.
Working from home is more common in Bright: 19%, against 10% in Dearborn County.
Do the math
What would you pay each month for a home in Bright?
A typical home is within reach of the typical income
We start with a typical home in Bright, worth $279,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 25% of the typical household income in Bright, which is $108,974 a year.
The calculator's FHA and conventional loan limits are those of all of Dearborn County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Bright. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $9,783 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,262
at 7.18% · 30 years
Loan amount
$274,437
Total interest
$394,851
Paid off in
November 2056
Includes $4,720 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,543 a month
Your payment · 25%
Tight
$2,543 to $3,269 a month
Hard
more than $3,269 a month
Compared with the typical household income in Bright ($108,974 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,859
Property tax
$163
Home insurance
$117
FHA mortgage insurance (MIP)
$124
You need at least $9,783 for the down payment, plus closing costs.
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.
Total monthly payment $2,262; principal and interest $1,859.
The city and its county
Bright and Dearborn County
Bright is in Dearborn 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).
Bright
Map of Dearborn County, Indiana, with Bright marked. Around it, the neighboring counties.
Bright
Dearborn County
Other cities with a page
Bright's own numbers
Typical home value
$279,500
Typical monthly rent
$869
Typical yearly household income
$108,974
Households that own their home
89%
Effective property tax rate
0.7%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Dearborn County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,442
Price change over 5 years (FHFA)
+57%
Homes in a high flood-risk zone
1.6%
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 Dearborn County.
A typical home in Bright is worth $279,500: 15% above the county and 28% above Indiana. With the typical household income in Bright ($108,974 a year), a typical home costs 2.6 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.
Bright2.6 years
Dearborn2.9 years
Indiana3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Dearborn County
According to FHFA’s house price index, home prices in Dearborn County rose 94% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Dearborn County.
Yearly change in FHFA’s price index in Dearborn County, 2016 to 2025
2016: +3.8% +3.8% 2016
2017: +3.2% +3.2% 2017
2018: +5.0% +5.0% 2018
2019: +5.6% +5.6% 2019
2020: +3.9% +3.9% 2020
2021: +11.5% +11.5% 2021
2022: +15.1% +15.1% 2022
2023: +7.8% +7.8% 2023
2024: +9.1% +9.1% 2024
2025: +4.0% +4.0% 2025
Change in FHFA’s price index in Dearborn County, Indiana and the United States
Period
County
Indiana
U.S.
Last year (2025)
+4.0%
+4.3%
+2.9%
5 years (2020–2025)
+57%
+53%
+47%
10 years (2015–2025)
+94%
+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
Bright next to Dearborn 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
Bright$279,500
Dearborn$243,400
Indiana$218,200
United States$332,700
Typical monthly rent
Bright$869
Dearborn$845
Indiana$1,062
United States$1,413
Typical yearly household income
Bright$108,974
Dearborn$84,735
Indiana$71,957
United States$80,734
See the full table
Bright next to Dearborn County and Indiana
Measure
Bright
Dearborn County
Indiana
U.S.
Typical home value
$279,500 ▲15% above the county
$243,400
$218,200
$332,700
Typical monthly rent
$869 ▲3% above the county
$845
$1,062
$1,413
Typical yearly household income
$108,974 ▲29% above the county
$84,735
$71,957
$80,734
Households that own their home
89% ▲4 points above the county
85%
71%
65%
Typical yearly property tax
$1,967 ▲10% above the county
$1,789
$1,614
$3,119
Effective property tax rate
0.7% ▼0.04 points below the county
0.74%
0.74%
0.94%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Dearborn 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 Bright
For a typical $279,500 home in Bright, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Bright's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,262a month
Least cash to close
Down payment
$9,783
Cash to close
$18,168
Rate
7.18%
Mortgage insurance
FHA MIP · $124
Conventional, 5% down$2,211a month
Down payment
$13,975
Cash to close
$22,360
Rate
7.18%
Mortgage insurance
PMI · $133
Conventional, 20% down, no PMI$1,794a month
Down payment
$55,900
Cash to close
$64,285
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,053a month
Down payment
$41,925
Cash to close
$50,310
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Bright
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,262
$9,783
$274,438
7.18%
FHA MIP · $124
$18,168
580
Conventional, 5% down
$2,211
$13,975
$265,525
7.18%
PMI · $133
$22,360
620*
Conventional, 20% down, no PMI
$1,794
$55,900
$223,600
7.18%
None
$64,285
620*
ITIN, 15% down (example)
$2,053
$41,925
$237,575
8.18%
None
$50,310
Set by the lender
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.
Typical rent in Bright is $869 a month: 3% above the county.
HUD publishes a fair market rent for all of Dearborn County, by unit size. To pay the 2-bedroom one ($1,442 a month) without spending more than 30% of your income, you would need to earn $27.73 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Dearborn County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,052
$20.23
$42,080
1 bedroom
$1,128
$21.69
$45,120
2 bedrooms
$1,442
$27.73
$57,680
3 bedrooms
$1,897
$36.48
$75,880
4 bedrooms
$2,141
$41.17
$85,640
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 Bright
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Bright has 2 ZIP codes with their own.
For 2 bedrooms it runs from $1,200 in 47025 to $1,270 in 47060.
None is above the fair market rent for Dearborn County ($1,442).
Fair market rent by ZIP code and size in Bright, fiscal year 2027.
47025
$880
$940
$1,200
$1,580
$1,780
47060
$930
$1,010
$1,270
$1,670
$1,830
ZIP code2 bd3 bd
47025 $1,200$1,580
47060 $1,270$1,670
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Bright 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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
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 Dearborn County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Bright or Dearborn County. The ones below are statewide in Indiana: they work in Bright the same as in the rest of the state.
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).
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).
No legal help resource on our list is for Bright or Dearborn County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Bright and all of Dearborn 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 Bright?
The typical home value in Bright is $279,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Dearborn County it is $243,400.
How much does it cost to rent in Bright?
Typical rent in Bright is $869 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Dearborn County is $1,442.
What is the FHA loan limit in Bright?
Bright uses the FHA limit for all of Dearborn 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 Bright?
The typical homeowner in Bright pays $1,967 a year, according to the U.S. Census Bureau. That is 0.7% of the home’s value; in Dearborn County, the rate is 0.74%.
Where can I find free help to buy or rent in Bright?
We found no HUD-approved counseling agencies with an office in Dearborn County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
