Quick facts: Westfield, IN

Quick Facts

95.3
Cost of Living
below US average
54,605
Population
8.31
Crime Rate per 1000
below US average
$117,519
Median Income
above US average
$509,999
Median House Price
above US average
$2753.87
Average Rent
above US average
5%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

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 $117,519.

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Income Needed to Buy

βœ— Stretch
$160k/year
Based on $509,999 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $160k vs median $117,519
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Income Needed to Rent

⚠ Stretch
$118k/year
Based on $2753.87/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $118k vs median $117,519
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Westfield, IN

Westfield is a vibrant city located in Hamilton County, Indiana, just north of Indianapolis. Known for its suburban charm and a strong sense of community, Westfield has experienced significant growth in recent years. One of its hallmark features is the Grand Park Sports Campus, a massive complex that hosts sports tournaments, youth leagues, and various events, making it a hub for athletics and family activities. The city boasts a variety of parks and recreational areas, promoting outdoor activities and a healthy lifestyle. With a range of local restaurants, shops, and services, Westfield provides residents with a welcoming atmosphere. Its historical downtown area features quaint shops and dining options, adding to its small-town feel. Westfield's educational institutions are highly rated, making it an attractive location for families. The city maintains a number of community events throughout the year, including festivals and farmers' markets, fostering a strong community spirit. Overall, Westfield combines a peaceful suburban environment with access to urban amenities, appealing to both families and professionals alike.

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