In Connersville, a typical home is worth $106,300 and typical rent is $787 a month. Compared with all of Fayette County, the typical home value is 19% lower, typical household income is 18% lower, and the share of households that own their home is 10 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $108,625 to $157,246.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Connersville is in Fayette 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 Fayette County. See the county
What this place has that others do not, from public data, most unusual first.
1
The typical home in Connersville is worth $106,300,19% less than in Fayette County as a whole ($130,700).
2
The typical household income in Connersville is $48,854,18% less than in Fayette County as a whole ($59,321).
3
63% of households in Connersville own their home, against 72% in Fayette County.
4
Connersville has the 13th lowest typical rent of the 132 cities in Indiana with more than 5,000 people ($787).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Connersville
What homes there are in Connersville, 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
Connersville
Fayette County
Indiana
United States
Kind of home: Connersville and its comparisons
Measure
Connersville
Fayette County
Indiana
United States
Detached house
73%
79%
73%
61%
Attached house
Unreliable estimate
2%
4%
6%
Building of 2 to 4
14%
8%
6%
8%
Apartments (5 or more)
10%
7%
13%
19%
Mobile home
Unreliable estimate
4%
4%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Connersville, 7 in 10 homes are single-family detached houses; in Fayette County, 8.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Connersville
Fayette County
Indiana
United States
Year built: Connersville and its comparisons
Measure
Connersville
Fayette County
Indiana
United States
Before 1960
61%
48%
31%
26%
1960–1979
24%
27%
24%
24%
1980–1999
11%
16%
23%
25%
2000–2009
Unreliable estimate
6%
12%
14%
2010 or later
Unreliable estimate
2%
10%
11%
In Connersville, half of the homes were built before 1952; in Fayette County, before 1962.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K47%
$100K–$200K37%
$200K–$300K10%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Connersville and its comparisons
Measure
Connersville
Under $100K
47%
$100K–$200K
37%
$200K–$300K
10%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable estimate
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50013%
$500–$99971%
$1,000–$1,49914%
HUD fair market rent, 2 bedrooms: $1,014
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Connersville and its comparisons
Measure
Connersville
Under $500
13%
$500–$999
71%
$1,000–$1,499
14%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable estimate
HUD's 2-bedroom fair market rent (FMR) for Fayette County is $1,014; about 84% of rents in Connersville are below it.
With a mortgage
$889 a month
Fayette County: $996 a month
Without a mortgage
$451 a month
Fayette County: $453 a month
Owners with a mortgage
58%
Fayette County: 58%
Owning costs less in Connersville: with a mortgage, the typical cost is $889 a month; in Fayette County, $996. Without one, $451.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Connersville+49%
Fayette County+60%
Indiana+54%
United States+53%
Typical rent
Connersville+14%
Fayette County+12%
Indiana+29%
United States+33%
Typical household income
Connersville+43%
Fayette County+29%
Indiana+28%
United States+29%
Change since 2015–2019: Connersville and its comparisons
Measure
Connersville
Fayette County
Indiana
United States
Typical home value
+49%
+60%
+54%
+53%
Typical rent
+14%
+12%
+29%
+33%
Typical household income
+43%
+29%
+28%
+29%
Homes in Connersville gained value more slowly than in Fayette County: 49% since 2015–2019, against 60%.
Rents in Connersville rose at about the same pace as in Fayette County: 14% since 2015–2019, against 12%.
While home values in Connersville changed +49% and rent +14%, the typical household income rose 43%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Connersville and its comparisons
Measure
Connersville
Fayette 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
2.38
2.44
2.46
2.53
Drive alone
77%
81%
76%
69%
Carpool
13%
11%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
Unreliable estimate
2%
3%
Work from home
6%
5%
11%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
Unreliable estimate
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
A household in Connersville has 2.38 people on average, about the same as in Fayette County (2.44).
To get to work, 77% of workers in Connersville drive alone; in Fayette County, 81%.
Do the math
What would you pay each month for a home in Connersville?
A typical home is within reach of the typical income
We start with a typical home in Connersville, worth $106,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 21% of the typical household income in Connersville, which is $48,854 a year.
The calculator's FHA and conventional loan limits are those of all of Fayette 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 Connersville. 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 $3,721 (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
$874
at 7.18% · 30 years
Loan amount
$104,374
Total interest
$150,170
Paid off in
November 2056
Includes $1,795 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,140 a month
Your payment · 21%
Tight
$1,140 to $1,466 a month
Hard
more than $1,466 a month
Compared with the typical household income in Connersville ($48,854 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$707
Property tax
$75
Home insurance
$44
FHA mortgage insurance (MIP)
$47
You need at least $3,721 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 $874; principal and interest $707.
The city and its county
Connersville and Fayette County
Connersville is in Fayette 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).
Connersville
Map of Fayette County, Indiana, with Connersville marked. Around it, the neighboring counties.
Connersville
Fayette County
Other cities with a page
Connersville's own numbers
Typical home value
$106,300
Typical monthly rent
$787
Typical yearly household income
$48,854
Households that own their home
63%
Effective property tax rate
0.85%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Fayette County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,014
Price change over 5 years (FHFA)
+58%
Homes in a high flood-risk zone
2.9%
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 Fayette County.
A typical home in Connersville is worth $106,300: 19% below the county and 51% below Indiana. With the typical household income in Connersville ($48,854 a year), a typical home costs 2.2 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.
Connersville2.2 years
Fayette2.2 years
Indiana3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Fayette County
According to FHFA’s house price index, home prices in Fayette County rose 91% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Fayette County.
Yearly change in FHFA’s price index in Fayette County, 2016 to 2025
2016: +4.4% +4.4% 2016
2017: +5.7% +5.7% 2017
2018: −3.0% −3.0% 2018
2019: +7.3% +7.3% 2019
2020: +5.2% +5.2% 2020
2021: +13.9% +13.9% 2021
2022: +14.8% +14.8% 2022
2023: +11.0% +11.0% 2023
2024: +4.9% +4.9% 2024
2025: +3.7% +3.7% 2025
Change in FHFA’s price index in Fayette County, Indiana and the United States
Period
County
Indiana
U.S.
Last year (2025)
+3.7%
+4.3%
+2.9%
5 years (2020–2025)
+58%
+53%
+47%
10 years (2015–2025)
+91%
+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
Connersville next to Fayette 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
Connersville$106,300
Fayette$130,700
Indiana$218,200
United States$332,700
Typical monthly rent
Connersville$787
Fayette$791
Indiana$1,062
United States$1,413
Typical yearly household income
Connersville$48,854
Fayette$59,321
Indiana$71,957
United States$80,734
See the full table
Connersville next to Fayette County and Indiana
Measure
Connersville
Fayette County
Indiana
U.S.
Typical home value
$106,300 ▼19% below the county
$130,700
$218,200
$332,700
Typical monthly rent
$787
$791
$1,062
$1,413
Typical yearly household income
$48,854 ▼18% below the county
$59,321
$71,957
$80,734
Households that own their home
63% ▼10 points below the county
72%
71%
65%
Typical yearly property tax
$906 ▼5% below the county
$949
$1,614
$3,119
Effective property tax rate
0.85% ▲0.12 points above the county
0.73%
0.74%
0.94%
Renters with high rent for their income
55% ▲2 points above the county
53%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Fayette 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 Connersville
For a typical $106,300 home in Connersville, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Connersville's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$874a month
Least cash to close
Down payment
$3,721
Cash to close
$6,910
Rate
7.18%
Mortgage insurance
FHA MIP · $47
Conventional, 5% down$854a month
Down payment
$5,315
Cash to close
$8,504
Rate
7.18%
Mortgage insurance
PMI · $50
Conventional, 20% down, no PMI$696a month
Down payment
$21,260
Cash to close
$24,449
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$794a month
Down payment
$15,945
Cash to close
$19,134
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Connersville
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$874
$3,721
$104,375
7.18%
FHA MIP · $47
$6,910
580
Conventional, 5% down
$854
$5,315
$100,985
7.18%
PMI · $50
$8,504
620*
Conventional, 20% down, no PMI
$696
$21,260
$85,040
7.18%
None
$24,449
620*
ITIN, 15% down (example)
$794
$15,945
$90,355
8.18%
None
$19,134
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 Connersville is $787 a month: about the same as the county. In Connersville, 55% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Fayette County, by unit size. To pay the 2-bedroom one ($1,014 a month) without spending more than 30% of your income, you would need to earn $19.50 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 Fayette County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$706
$13.58
$28,240
1 bedroom
$843
$16.21
$33,720
2 bedrooms
$1,014
$19.50
$40,560
3 bedrooms
$1,261
$24.25
$50,440
4 bedrooms
$1,350
$25.96
$54,000
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 Connersville
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Connersville is in ZIP code 47331.
For 2 bedrooms it is $1,010: $4 less than the fair market rent for Fayette County ($1,014).
Fair market rent by ZIP code and size in Connersville, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
47331
$720
$840
$1,010
$1,330
$1,360
ZIP code2 bd3 bd
47331 $1,010$1,330
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Connersville 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 Fayette 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 Connersville or Fayette County. The ones below are statewide in Indiana: they work in Connersville 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).
The HUD-approved agencies closest to the center of Connersville, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
PC
Pathstone Corporation - Indiana
420 S High St Ste 101, Muncie · 39 miles away · Spanish
No legal help resource on our list is for Connersville or Fayette 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 Connersville and all of Fayette 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 Connersville?
The typical home value in Connersville is $106,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Fayette County it is $130,700.
How much does it cost to rent in Connersville?
Typical rent in Connersville is $787 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Fayette County is $1,014.
What is the FHA loan limit in Connersville?
Connersville uses the FHA limit for all of Fayette 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 Connersville?
The typical homeowner in Connersville pays $906 a year, according to the U.S. Census Bureau. That is 0.85% of the home’s value; in Fayette County, the rate is 0.73%.
Where can I find free help to buy or rent in Connersville?
We found no HUD-approved counseling agencies with an office in Fayette County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
