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City · 8,294 residents · Clark County, Indiana

Charlestown , Indiana

In Charlestown, a typical home is worth $208,300 and typical rent is $1,033 a month. Compared with all of Clark County, typical rent is 9% lower and the typical home value is 7% lower.

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  • Typical home value

    $208,300

    7% below the county

    5% below Indiana

    • Charlestown
    • Clark
    • Indiana

  • Typical rent

    $1,033a month

    9% below the county

    3% below Indiana

    • Charlestown
    • Clark
    • Indiana

  • Typical household income

    $77,288a year

    4% above the county

    7% above Indiana

    • Charlestown
    • Clark
    • Indiana

  • Households that own their home

    77%

    3 points above the county

    7 points above Indiana

    • Charlestown
    • Clark
    • Indiana

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

Market now, with Zillow data

Zillow data
Typical home value
$306,189
2.3% more than 12 months ago
Typical rent
$1,552 a month

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

Charlestown is in Clark 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 Clark County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Charlestown apart

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

  1. Nearby, in Scottsburg, the typical home value is $146,200: 30% less than in Charlestown ($208,300).

  2. Nearby, in Scottsburg, the typical rent is $831: 20% less than in Charlestown ($1,033).

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

The homes here

Housing in Charlestown

What homes there are in Charlestown, 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

As in Clark County, most homes in Charlestown are detached houses (75%).

Year built

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
Monthly rent with utilities

With a mortgage

$1,330 a month

Clark County: $1,403 a month

Without a mortgage

$438 a month

Clark County: $517 a month

Owners with a mortgage

73%

Clark County: 66%

The typical cost for an owner with a mortgage in Charlestown is $1,330 a month, less than in Clark County ($1,403); without one, $438.

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

Homes in Charlestown gained value more slowly than in Clark County: 53% since 2015–2019, against 56%.

Much as in Clark County, the typical rent in Charlestown rose 36% since 2015–2019.

Income in Charlestown grew faster than housing: it rose 71%, while home values changed +53% and rent +36%.

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

MeasureCharlestownClark CountyIndianaUnited States
Rental vacancy Unreliable estimate7.4%5.6%5.5%
Homeowner vacancy Unreliable estimate1.3%0.8%0.9%
More than one person per room Unreliable estimate2.0%1.8%3.4%
People per household 2.762.392.462.53
Drive alone 84%77%76%69%
Carpool Unreliable estimate8%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate2%2%3%
Work from home 6%13%11%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Households in Charlestown are bigger: 2.76 people on average; in Clark County, 2.39.

In Charlestown, 84% of workers drive alone to work; in Clark County, 77%.

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 Charlestown?

A typical home is within reach of the typical income

We start with a typical home in Charlestown, worth $208,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 26% of the typical household income in Charlestown, which is $77,288 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Charlestown. 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 $7,291 (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

$1,705

at 7.18% · 30 years

Loan amount
$204,527
Total interest
$294,266
Paid off in
November 2056

Includes $3,518 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,803 a month

    Your payment · 26%

  • Tight

    $1,803 to $2,319 a month

  • Hard

    more than $2,319 a month

Compared with the typical household income in Charlestown ($77,288 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,705
Principal & interest$1,386
Property tax$141
Home insurance$87
FHA mortgage insurance (MIP)$92

You need at least $7,291 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

Charlestown and Clark County

Charlestown is in Clark 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).

Charlestown's own numbers

Typical home value
$208,300
Typical monthly rent
$1,033
Typical yearly household income
$77,288
Households that own their home
77%
Effective property tax rate
0.81%

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

Numbers for all of Clark County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,276
Price change over 5 years (FHFA)
+47%
Homes in a high flood-risk zone
4.2%

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 Clark County.

Everything about Clark County

Buying

Buying a home in Charlestown

A typical home in Charlestown is worth $208,300: 7% below the county and 5% below Indiana. With the typical household income in Charlestown ($77,288 a year), a typical home costs 2.7 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.

  • Charlestown 2.7 years
  • Clark 3.0 years
  • Indiana 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Clark County

According to FHFA’s house price index, home prices in Clark County rose 90% in the 10 years through 2025.

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

Period County Indiana U.S.
Last year (2025) +1.5% +4.3% +2.9%
5 years (2020–2025) +47% +53% +47%
10 years (2015–2025) +90% +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

Charlestown next to Clark 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
  • Charlestown $208,300
  • Clark $222,900
  • Indiana $218,200
  • United States $332,700
Typical monthly rent
  • Charlestown $1,033
  • Clark $1,129
  • Indiana $1,062
  • United States $1,413
Typical yearly household income
  • Charlestown $77,288
  • Clark $74,214
  • Indiana $71,957
  • United States $80,734
See the full table
Charlestown next to Clark County and Indiana
Measure Charlestown Clark County Indiana U.S.
Typical home value $208,300 $222,900 $218,200 $332,700
Typical monthly rent $1,033 $1,129 $1,062 $1,413
Typical yearly household income $77,288 $74,214 $71,957 $80,734
Households that own their home 77% 75% 71% 65%
Typical yearly property tax $1,681 $1,716 $1,614 $3,119
Effective property tax rate 0.81% 0.77% 0.74% 0.94%
Renters with high rent for their income 45% 45% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Clark 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 Charlestown

For a typical $208,300 home in Charlestown, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Charlestown's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,705a month

    Least cash to close
    Down payment
    $7,291
    Cash to close
    $13,540
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $92

  • Conventional, 5% down $1,667a month

    Down payment
    $10,415
    Cash to close
    $16,664
    Rate
    7.18%
    Mortgage insurance
    PMI · $99

  • Conventional, 20% down, no PMI $1,356a month

    Down payment
    $41,660
    Cash to close
    $47,909
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,549a month

    Down payment
    $31,245
    Cash to close
    $37,494
    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 Charlestown and for Clark County.

Property tax

Effective rate in Charlestown

0.81%of the home’s value each year

$1,681 a year for the typical owner in Charlestown.

  • Charlestown 0.81%
  • Clark 0.77%
  • 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 Clark County

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

Homes in the high-risk zone
4.2%
1,922
Of those, with NFIP insurance
21%
County Indiana U.S.
Homes in the high-risk zone 4.2% 2.3% 3.5%
Of those, with NFIP insurance 21% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Charlestown

Typical rent in Charlestown is $1,033 a month: 9% below the county. In Charlestown, 45% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Clark County, by unit size. To pay the 2-bedroom one ($1,276 a month) without spending more than 30% of your income, you would need to earn $24.54 an hour working full time.

HUD fair market rent for all of Clark 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 $976 $18.77 $39,040
1 bedroom $1,058 $20.35 $42,320
2 bedrooms $1,276 $24.54 $51,040
3 bedrooms $1,629 $31.33 $65,160
4 bedrooms $1,874 $36.04 $74,960

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 Charlestown

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Charlestown is in ZIP code 47111.

For 2 bedrooms it is $1,150: $126 less than the fair market rent for Clark County ($1,276).

  • 47111 $1,150$1,470

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Charlestown 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 Charlestown

HUD lists 4 buildings with rents for lower incomes in Charlestown. These are the largest.

  • Woodridge Apartments 266 Woodridge Dr, Charlestown 47111 146 low-income homes · Run by Housing Authority of the City of Charlestown · Average payment: $395 a month · Average wait: 6 months · Homes at several sites (812) 256-6311
  • Woodridge Apartments 196 McCampbell St, Charlestown 47111 104 low-income homes · Run by Housing Authority of the City of Charlestown · Average payment: $437 a month · Average wait: 12 months · Homes at several sites (812) 256-6311
  • Maple Leaf Apts Charlestown 228 Maple Dr, Charlestown 47111 30 low-income homes · For families (812) 256-6614
  • Windsor Apartments II 316 Maple Dr, Charlestown 47111 30 low-income homes · For families (812) 256-4509

See all 17 buildings in Clark County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Charlestown

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 Clark County. The nearest ones are below; many serve by phone or online.

Two women and a girl laugh together at the bus stop.

HUD counseling is free or low-cost

Assistance programs in Charlestown

No down payment, repair or rent-help program on our list is for Charlestown or Clark County. The ones below are statewide in Indiana: they work in Charlestown 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 Charlestown

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

  • New Albany Housing Authority

    300 Erni Ave, New Albany · 12 miles away

    • Pre-purchase counseling
    • Homebuyer education workshops
    (812) 948-2319

  • Blue River Services Inc

    156 Autumn Ridge Dr NW, Corydon · 28 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

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

    607 3rd Ave, Jasper · 68 miles away

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

All counseling agencies in Indiana

Help in Spanish near Charlestown

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 Charlestown

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

  • Housing Authority of the City of Charlestown Public housing and Section 8 vouchers (812) 256-6311

One other authority has an office in Clark County: see the list Source: HUD

Cities

Other cities in Clark County

These cities are also in Clark County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Clark County Housing in Indiana

Nearby cities

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

Neighboring counties

If Clark 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 Charlestown.

All guides
A mother and her daughters smile together on a mountain trail with a snowy peak behind them.

Questions

Housing questions about Charlestown

Short answers with the numbers for Charlestown and all of Clark 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 Charlestown?

The typical home value in Charlestown is $208,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Clark County it is $222,900.

How much does it cost to rent in Charlestown?

Typical rent in Charlestown is $1,033 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Clark County is $1,276.

What is the FHA loan limit in Charlestown?

Charlestown uses the FHA limit for all of Clark 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 Charlestown?

The typical homeowner in Charlestown pays $1,681 a year, according to the U.S. Census Bureau. That is 0.81% of the home’s value; in Clark County, the rate is 0.77%.

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

We found no HUD-approved counseling agencies with an office in Clark 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).