Quick facts: Fredericksburg, IN

Quick Facts

95.3
Cost of Living
below US average
37
Population
Crime rate Data is updating, will be available soon
$26,875
Median Income
below US average
$62,900
Median House Price
above US average
$1317
Average Rent
below US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $26,875.

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Income Needed to Buy

βœ“ Affordable
$20k/year
Based on $62,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($26,875) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$56k/year
Based on $1317/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $56k vs median $26,875
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fredericksburg, IN

Fredericksburg, Indiana, is a small, rural community located in the southern part of the state, primarily within Harrison County. Nestled in a picturesque landscape of rolling hills and farmland, the town fosters a close-knit, friendly atmosphere. Fredericksburg is primarily residential, attracting those who enjoy a quieter lifestyle away from the hustle and bustle of larger cities. The town's proximity to major highways provides convenient access to nearby towns and attractions, including the larger communities of Corydon and New Albany. Fredericksburg is also situated not far from the scenic beauty of the Hoosier National Forest, offering ample opportunities for outdoor activities such as hiking, camping, and wildlife observation. Local amenities include a few small businesses, with residents often traveling to nearby cities for additional shopping, dining, and entertainment options. The community emphasizes family values, and local events often bring residents together, reflecting a strong sense of community spirit. Overall, Fredericksburg represents the charm of small-town Indiana, where nature and camaraderie coexist harmoniously.

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