Quick facts: La fontaine, IN

Quick Facts

95.3
Cost of Living
below US average
801
Population
6.24
Crime Rate per 1000
below US average
$53,558
Median Income
below US average
$280,000
Median House Price
above US average
$1317
Average Rent
below US average
10%
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 $53,558.

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Income Needed to Buy

βœ— Stretch
$88k/year
Based on $280,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $88k vs median $53,558
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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 $53,558
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for La fontaine, IN

La Fontaine is a small town located in Wabash County, Indiana. With a population of around 1,000 residents, it epitomizes small-town charm and a close-knit community. The town is primarily residential, with a mix of families, retirees, and young professionals. La Fontaine offers a peaceful atmosphere, characterized by friendly neighbors and local events that foster community spirit. The town is surrounded by beautiful rural landscapes, making it ideal for outdoor enthusiasts who enjoy activities such as hiking, fishing, and farming. La Fontaine is also home to several parks, providing recreational facilities for families and children. In terms of amenities, residents can find essential services, including local shops, restaurants, and schools. The town’s location allows easy access to nearby larger cities, such as Wabash and Marion, where additional shopping, dining, and entertainment options are available. La Fontaine's rich history is reflected in its well-preserved architecture and the community’s commitment to maintaining its heritage. Overall, La Fontaine embodies the quintessential small-town experience in Indiana, making it a quiet and inviting place to live.

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