In Pendleton, a typical home is worth $248,200 and typical rent is $1,209 a month. Compared with all of Madison County, the typical home value is 54% higher and typical household income is 38% higher.
Typical home value from Zillow, September 2021 to September 2026: from $268,101 to $333,656.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Pendleton is in Madison 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 Madison County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Anderson, the typical home value is $119,000: 52% less than in Pendleton ($248,200).
2
The typical home in Pendleton is worth $248,200,54% more than in Madison County as a whole ($161,300).
3
The typical household income in Pendleton is $86,806,38% more than in Madison County as a whole ($63,037).
4
The typical rent in Pendleton is $1,209 a month, 29% more than in Madison County as a whole ($939).
5
Nearby, in Anderson, the typical rent is $925: 23% less than in Pendleton ($1,209).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Pendleton
What homes there are in Pendleton, 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
Pendleton
Madison County
Indiana
United States
Kind of home: Pendleton and its comparisons
Measure
Pendleton
Madison County
Indiana
United States
Detached house
70%
78%
73%
61%
Attached house
Unreliable estimate
4%
4%
6%
Building of 2 to 4
Unreliable estimate
7%
6%
8%
Apartments (5 or more)
Unreliable estimate
7%
13%
19%
Mobile home
7%
5%
4%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Pendleton, 7 in 10 homes are single-family detached houses; in Madison County, 8.
Year built
Before 19601960–19791980–19992000–20092010 or later
Pendleton
Madison County
Indiana
United States
Year built: Pendleton and its comparisons
Measure
Pendleton
Madison County
Indiana
United States
Before 1960
31%
42%
31%
26%
1960–1979
13%
28%
24%
24%
1980–1999
26%
17%
23%
25%
2000–2009
11%
8%
12%
14%
2010 or later
19%
5%
10%
11%
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–$300K32%
$300K–$500K30%
$500K–$750K7%
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Pendleton and its comparisons
Measure
Pendleton
Under $100K
Unreliable estimate
$100K–$200K
16%
$200K–$300K
32%
$300K–$500K
30%
$500K–$750K
7%
$750K–$1M
Unreliable
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,49950%
$1,500–$1,99927%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Pendleton and its comparisons
Measure
Pendleton
Under $500
Unreliable estimate
$500–$999
Unreliable estimate
$1,000–$1,499
50%
$1,500–$1,999
27%
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,592 a month
Madison County: $1,214 a month
Without a mortgage
$610 a month
Madison County: $460 a month
Owners with a mortgage
67%
Madison County: 62%
In Pendleton, 67% of owners have a mortgage, and their typical cost is $1,592 a month, against $1,214 in Madison County. Without one it drops to $610.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Pendleton+63%
Madison County+66%
Indiana+54%
United States+53%
Typical rent
Pendleton+40%
Madison County+21%
Indiana+29%
United States+33%
Typical household income
Pendleton+31%
Madison County+27%
Indiana+28%
United States+29%
Change since 2015–2019: Pendleton and its comparisons
Measure
Pendleton
Madison County
Indiana
United States
Typical home value
+63%
+66%
+54%
+53%
Typical rent
+40%
+21%
+29%
+33%
Typical household income
+31%
+27%
+28%
+29%
Homes in Pendleton gained value more slowly than in Madison County: 63% since 2015–2019, against 66%.
Rents in Pendleton rose faster than in Madison County: 40% since 2015–2019, against 21%.
Here income did not keep up with housing: it rose 31%, while home values changed +63% and rent +40%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Pendleton and its comparisons
Measure
Pendleton
Madison County
Indiana
United States
Rental vacancy
Unreliable estimate
5.7%
5.6%
5.5%
Homeowner vacancy
Unreliable estimate
0.8%
0.8%
0.9%
More than one person per room
Unreliable estimate
1.2%
1.8%
3.4%
People per household
2.53
2.37
2.46
2.53
Drive alone
72%
77%
76%
69%
Carpool
Unreliable estimate
10%
9%
9%
Public transit
Unreliable estimate
0%
1%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
18%
10%
11%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Households in Pendleton are bigger: 2.53 people on average; in Madison County, 2.37.
Working from home is more common in Pendleton: 18%, against 10% in Madison County.
Do the math
What would you pay each month for a home in Pendleton?
A typical home is tight for the typical income
We start with a typical home in Pendleton, worth $248,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 28% of the typical household income in Pendleton, which is $86,806 a year. For that payment to be 28% of income, a household would need to earn about $87,160 a year.
The calculator's FHA and conventional loan limits are those of all of Madison 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 Pendleton. 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 $8,687 (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
$2,034
at 7.18% · 30 years
Loan amount
$243,704
Total interest
$350,634
Paid off in
November 2056
Includes $4,191 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,025 a month
Tight
$2,025 to $2,604 a month
Your payment · 28%
Hard
more than $2,604 a month
Compared with the typical household income in Pendleton ($86,806 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,651
Property tax
$170
Home insurance
$103
FHA mortgage insurance (MIP)
$110
You need at least $8,687 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 $2,034; principal and interest $1,651.
The city and its county
Pendleton and Madison County
Pendleton is in Madison 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).
Pendleton
Map of Madison County, Indiana, with Pendleton marked. Around it, the neighboring counties.
Pendleton
Madison County
Other cities with a page
Pendleton's own numbers
Typical home value
$248,200
Typical monthly rent
$1,209
Typical yearly household income
$86,806
Households that own their home
74%
Effective property tax rate
0.82%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Madison County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,331
Price change over 5 years (FHFA)
+57%
Homes in a high flood-risk zone
2.3%
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 Madison County.
A typical home in Pendleton is worth $248,200: 54% above the county and 14% above Indiana. With the typical household income in Pendleton ($86,806 a year), a typical home costs 2.9 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.
Pendleton2.9 years
Madison2.6 years
Indiana3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Madison County
According to FHFA’s house price index, home prices in Madison County rose 107% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Madison County.
Yearly change in FHFA’s price index in Madison County, 2016 to 2025
2016: +1.7% +1.7% 2016
2017: +7.4% +7.4% 2017
2018: +6.5% +6.5% 2018
2019: +8.1% +8.1% 2019
2020: +4.9% +4.9% 2020
2021: +13.5% +13.5% 2021
2022: +16.4% +16.4% 2022
2023: +9.0% +9.0% 2023
2024: +5.2% +5.2% 2024
2025: +3.4% +3.4% 2025
Change in FHFA’s price index in Madison County, Indiana and the United States
Period
County
Indiana
U.S.
Last year (2025)
+3.4%
+4.3%
+2.9%
5 years (2020–2025)
+57%
+53%
+47%
10 years (2015–2025)
+107%
+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
Pendleton next to Madison 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
Pendleton$248,200
Madison$161,300
Indiana$218,200
United States$332,700
Typical monthly rent
Pendleton$1,209
Madison$939
Indiana$1,062
United States$1,413
Typical yearly household income
Pendleton$86,806
Madison$63,037
Indiana$71,957
United States$80,734
See the full table
Pendleton next to Madison County and Indiana
Measure
Pendleton
Madison County
Indiana
U.S.
Typical home value
$248,200 ▲54% above the county
$161,300
$218,200
$332,700
Typical monthly rent
$1,209 ▲29% above the county
$939
$1,062
$1,413
Typical yearly household income
$86,806 ▲38% above the county
$63,037
$71,957
$80,734
Households that own their home
74% ▲3 points above the county
70%
71%
65%
Typical yearly property tax
$2,042 ▲71% above the county
$1,192
$1,614
$3,119
Effective property tax rate
0.82% ▲0.08 points above the county
0.74%
0.74%
0.94%
Renters with high rent for their income
41% ▼8 points below the county
49%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Madison 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 Pendleton
For a typical $248,200 home in Pendleton, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Pendleton's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,034a month
Least cash to close
Down payment
$8,687
Cash to close
$16,133
Rate
7.18%
Mortgage insurance
FHA MIP · $110
Conventional, 5% down$1,988a month
Down payment
$12,410
Cash to close
$19,856
Rate
7.18%
Mortgage insurance
PMI · $118
Conventional, 20% down, no PMI$1,618a month
Down payment
$49,640
Cash to close
$57,086
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,848a month
Down payment
$37,230
Cash to close
$44,676
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Pendleton
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,034
$8,687
$243,704
7.18%
FHA MIP · $110
$16,133
580
Conventional, 5% down
$1,988
$12,410
$235,790
7.18%
PMI · $118
$19,856
620*
Conventional, 20% down, no PMI
$1,618
$49,640
$198,560
7.18%
None
$57,086
620*
ITIN, 15% down (example)
$1,848
$37,230
$210,970
8.18%
None
$44,676
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 Pendleton is $1,209 a month: 29% above the county. In Pendleton, 41% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Madison County, by unit size. To pay the 2-bedroom one ($1,331 a month) without spending more than 30% of your income, you would need to earn $25.60 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 Madison County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,011
$19.44
$40,440
1 bedroom
$1,017
$19.56
$40,680
2 bedrooms
$1,331
$25.60
$53,240
3 bedrooms
$1,743
$33.52
$69,720
4 bedrooms
$1,749
$33.63
$69,960
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 Pendleton
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Pendleton is in ZIP code 46064.
For 2 bedrooms it is $1,570: $239 more than the fair market rent for Madison County ($1,331).
Fair market rent by ZIP code and size in Pendleton, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
46064
$1,190
$1,200
$1,570
$2,050
$2,070
ZIP code2 bd3 bd
46064 $1,570$2,050
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Pendleton 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.
There is 1 HUD-approved agency with an office in Madison County; none says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Pendleton or Madison County. The ones below are statewide in Indiana: they work in Pendleton 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 Pendleton or Madison 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 Pendleton and all of Madison 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 Pendleton?
The typical home value in Pendleton is $248,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Madison County it is $161,300.
How much does it cost to rent in Pendleton?
Typical rent in Pendleton is $1,209 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Madison County is $1,331.
What is the FHA loan limit in Pendleton?
Pendleton uses the FHA limit for all of Madison 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 Pendleton?
The typical homeowner in Pendleton pays $2,042 a year, according to the U.S. Census Bureau. That is 0.82% of the home’s value; in Madison County, the rate is 0.74%.
Where can I find free help to buy or rent in Pendleton?
There is 1 HUD-approved counseling agency with an office in Madison County. They can help you get ready to buy, with your credit, or with rent.
