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City · 6,698 residents · Monroe County, Indiana

Ellettsville , Indiana

In Ellettsville, a typical home is worth $243,600 and typical rent is $855 a month. Compared with all of Monroe County, typical household income is 37% higher, typical rent is 28% lower, and the share of households that own their home is 30 points higher.

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  • Typical home value

    $243,600

    15% below the county

    12% above Indiana

    • Ellettsville
    • Monroe
    • Indiana

  • Typical rent

    $855a month

    28% below the county

    19% below Indiana

    • Ellettsville
    • Monroe
    • Indiana

  • Typical household income

    $90,213a year

    37% above the county

    25% above Indiana

    • Ellettsville
    • Monroe
    • Indiana

  • Households that own their home

    84%

    30 points above the county

    13 points above Indiana

    • Ellettsville
    • Monroe
    • Indiana

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

Market now, with Zillow data

Zillow data
Typical home value
$270,215
0.5% more than 12 months ago

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

Ellettsville is in Monroe 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 Monroe County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Ellettsville apart

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

  1. 84% of households in Ellettsville own their home, against 54% in Monroe County.

  2. Nearby, in Bedford, the typical home value is $152,400: 37% less than in Ellettsville ($243,600).

  3. The typical household income in Ellettsville is $90,213, 37% more than in Monroe County as a whole ($65,868).

  4. The typical rent in Ellettsville is $855 a month, 28% less than in Monroe County as a whole ($1,193).

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

The homes here

Housing in Ellettsville

What homes there are in Ellettsville, 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

In Ellettsville, 8 in 10 homes are single-family detached houses; in Monroe County, 5.

Year built

Here half of the homes date from 1993 or later; in Monroe County, from 1986 or later.

Homes in Ellettsville are bigger: 81% have 3 bedrooms or more; in Monroe County, 57%.

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

$1,313 a month

Monroe County: $1,532 a month

Without a mortgage

$526 a month

Monroe County: $570 a month

Owners with a mortgage

77%

Monroe County: 62%

The typical cost for an owner with a mortgage in Ellettsville is $1,313 a month, less than in Monroe County ($1,532); without one, $526.

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

From 2015–2019 to 2020–2024, the typical home value in Ellettsville rose 78%; in Monroe County, it rose 62%.

Since 2015–2019, the typical rent in Ellettsville did not change clearly, according to the Census.

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

MeasureEllettsvilleMonroe CountyIndianaUnited States
Rental vacancy Unreliable estimate6.8%5.6%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimate1.5%1.8%3.4%
People per household 2.552.142.462.53
Drive alone 75%65%76%69%
Carpool 14%9%9%9%
Public transit Unreliable estimate2%1%3%
Walk or bike Unreliable estimate7%2%3%
Work from home 11%16%11%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate10 to 19 minutes20 to 29 minutes20 to 29 minutes

On average, a household in Ellettsville has 2.55 people, more than in Monroe County (2.14).

More people carpool to work in Ellettsville than in Monroe County: 14% against 9%.

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 Ellettsville?

A typical home is within reach of the typical income

We start with a typical home in Ellettsville, worth $243,600, 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 Ellettsville, which is $90,213 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Ellettsville. 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 $8,526 (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

$1,984

at 7.18% · 30 years

Loan amount
$239,188
Total interest
$344,135
Paid off in
November 2056

Includes $4,114 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,105 a month

    Your payment · 26%

  • Tight

    $2,105 to $2,706 a month

  • Hard

    more than $2,706 a month

Compared with the typical household income in Ellettsville ($90,213 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,984
Principal & interest$1,620
Property tax$154
Home insurance$102
FHA mortgage insurance (MIP)$108

You need at least $8,526 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

Ellettsville and Monroe County

Ellettsville is in Monroe 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).

Ellettsville's own numbers

Typical home value
$243,600
Typical monthly rent
$855
Typical yearly household income
$90,213
Households that own their home
84%
Effective property tax rate
0.76%

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

Numbers for all of Monroe County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,252
Price change over 5 years (FHFA)
+44%
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 Monroe County.

Everything about Monroe County

Buying

Buying a home in Ellettsville

A typical home in Ellettsville is worth $243,600: 15% below the county and 12% above Indiana. With the typical household income in Ellettsville ($90,213 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.

  • Ellettsville 2.7 years
  • Monroe 4.3 years
  • Indiana 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Monroe County

According to FHFA’s house price index, home prices in Monroe County rose 86% in the 10 years through 2025.

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

Period County Indiana U.S.
Last year (2025) +2.4% +4.3% +2.9%
5 years (2020–2025) +44% +53% +47%
10 years (2015–2025) +86% +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

Ellettsville next to Monroe 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
  • Ellettsville $243,600
  • Monroe $285,200
  • Indiana $218,200
  • United States $332,700
Typical monthly rent
  • Ellettsville $855
  • Monroe $1,193
  • Indiana $1,062
  • United States $1,413
Typical yearly household income
  • Ellettsville $90,213
  • Monroe $65,868
  • Indiana $71,957
  • United States $80,734
See the full table
Ellettsville next to Monroe County and Indiana
Measure Ellettsville Monroe County Indiana U.S.
Typical home value $243,600 $285,200 $218,200 $332,700
Typical monthly rent $855 $1,193 $1,062 $1,413
Typical yearly household income $90,213 $65,868 $71,957 $80,734
Households that own their home 84% 54% 71% 65%
Typical yearly property tax $1,862 $2,036 $1,614 $3,119
Effective property tax rate 0.76% 0.71% 0.74% 0.94%
Renters with high rent for their income 37% 61% 48% 51%

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

For a typical $243,600 home in Ellettsville, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Ellettsville's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,984a month

    Least cash to close
    Down payment
    $8,526
    Cash to close
    $15,834
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $108

  • Conventional, 5% down $1,939a month

    Down payment
    $12,180
    Cash to close
    $19,488
    Rate
    7.18%
    Mortgage insurance
    PMI · $116

  • Conventional, 20% down, no PMI $1,576a month

    Down payment
    $48,720
    Cash to close
    $56,028
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,801a month

    Down payment
    $36,540
    Cash to close
    $43,848
    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 Ellettsville and for Monroe County.

Property tax

Effective rate in Ellettsville

0.76%of the home’s value each year

$1,862 a year for the typical owner in Ellettsville.

  • Ellettsville 0.76%
  • Monroe 0.71%
  • 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 Monroe County

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

Homes in the high-risk zone
1.1%
506
Of those, with NFIP insurance
16%
County Indiana U.S.
Homes in the high-risk zone 1.1% 2.3% 3.5%
Of those, with NFIP insurance 16% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Ellettsville

Typical rent in Ellettsville is $855 a month: 28% below the county. In Ellettsville, 37% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Monroe County, by unit size. To pay the 2-bedroom one ($1,252 a month) without spending more than 30% of your income, you would need to earn $24.08 an hour working full time.

HUD fair market rent for all of Monroe 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 $1,001 $19.25 $40,040
1 bedroom $1,096 $21.08 $43,840
2 bedrooms $1,252 $24.08 $50,080
3 bedrooms $1,601 $30.79 $64,040
4 bedrooms $1,932 $37.15 $77,280

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 Ellettsville

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Ellettsville has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,090 in 47429 to $1,270 in 47404.

1 of the 2 is above the fair market rent for Monroe County ($1,252).

  • 47404 $1,270$1,620
  • 47429 $1,090$1,420

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Ellettsville 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 Ellettsville

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

  • Edgewood Village Apts 7400 W Mustang Dr, Ellettsville 47429 48 low-income homes · 1 bd: 16 · 2 bd: 32 · In service since 1999
  • Richland Apartments Phase I 800 W Allen ST, Ellettsville 47429 40 low-income homes · For older adults (812) 876-6111
  • Maple Shade 1101 W Main St, Ellettsville 47429 22 low-income homes · For older adults (812) 876-6169
  • Richland Apartments Phase III 801 W Allen ST, Ellettsville 47429 20 low-income homes · For older adults (812) 876-8561

See all 25 buildings in Monroe County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Ellettsville

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.

There is 1 HUD-approved agency with an office in Monroe County; none says it serves in Spanish.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Ellettsville

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

The HUD-approved agencies closest to the center of Ellettsville, 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 · 7 miles away

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

  • Intend Indiana, Inc

    1704 Bellefontaine St, Indianapolis · 46 miles away · Spanish

    • Pre-purchase counseling
    • Homebuyer education workshops
    (317) 924-8116

  • Indianapolis Neighborhood Housing Partnership

    2690 N Meridian St, Indianapolis · 47 miles away · Spanish

    • Budget and financial counseling
    • Budget and credit workshops
    • and 2 more
    (317) 610-4663

Every agency in Monroe County All counseling agencies in Indiana

Help in Spanish near Ellettsville

2 of the 3 agencies on this list say they serve 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 Ellettsville

In HUD’s record, no housing authority with an office in Monroe County is named for Ellettsville or Monroe County.

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

Cities

Other cities in Monroe County

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

Everything about Monroe County Housing in Indiana

Nearby cities

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

Neighboring counties

If Monroe 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 Ellettsville.

All guides
A father holds his baby and his young son by a white picket fence.

Questions

Housing questions about Ellettsville

Short answers with the numbers for Ellettsville and all of Monroe 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 Ellettsville?

The typical home value in Ellettsville is $243,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Monroe County it is $285,200.

How much does it cost to rent in Ellettsville?

Typical rent in Ellettsville is $855 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Monroe County is $1,252.

What is the FHA loan limit in Ellettsville?

Ellettsville uses the FHA limit for all of Monroe 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 Ellettsville?

The typical homeowner in Ellettsville pays $1,862 a year, according to the U.S. Census Bureau. That is 0.76% of the home’s value; in Monroe County, the rate is 0.71%.

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

There is 1 HUD-approved counseling agency with an office in Monroe County. 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).