Quick facts: Sharpsville, IN

Quick Facts

95.3
Cost of Living
below US average
549
Population
45.54
Crime Rate per 1000
above US average
$88,309
Median Income
above US average
$259,900
Median House Price
above US average
$2105.0
Average Rent
above US average
7%
Poverty Rate
below US average
3.0%
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 $88,309.

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Income Needed to Buy

βœ“ Affordable
$82k/year
Based on $259,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($88,309) exceeds requirement
🏒

Income Needed to Rent

⚠ Stretch
$90k/year
Based on $2105.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $90k vs median $88,309
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sharpsville, IN

Sharpsville is a small town located in Howard County, Indiana, with a rich history and a close-knit community. Situated approximately 12 miles south of Kokomo, Sharpsville has a quaint rural charm, characterized by its peaceful atmosphere and small-town hospitality. The town is primarily residential, featuring a range of single-family homes and local businesses. One of the notable aspects of Sharpsville is its historical significance, with many buildings reflecting the architecture of the early 20th century. The town is surrounded by picturesque farmland, making it ideal for outdoor activities like walking, biking, and enjoying nature. The community hosts various events throughout the year, fostering a sense of togetherness among residents. Nearby attractions include parks and recreational areas that offer leisure activities for families. Sharpsville's location provides convenient access to larger cities, which can be reached within a short drive, allowing residents to enjoy both the tranquility of small-town living and the amenities of urban life. Overall, Sharpsville is a charming place that captures the essence of rural Indiana.

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