Quick facts: Stendal, IN

Quick Facts

95.3
Cost of Living
below US average
139
Population
71.94
Crime Rate per 1000
above US average
$60,000
Median Income
below US average
$335,500
Median House Price
above US average
$1317
Average Rent
below US average
5%
Poverty Rate
below US average
3.2%
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 $60,000.

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Income Needed to Buy

βœ— Stretch
$105k/year
Based on $335,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $105k vs median $60,000
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Income Needed to Rent

βœ“ Affordable
$56k/year
Based on $1317/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($60,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Stendal, IN

Stendal is a small town located in the southwestern part of Indiana, within Spencer County. Known for its tight-knit community and rural charm, Stendal was established in the late 19th century and retains much of its historical character. The town is surrounded by picturesque farmland and offers a peaceful atmosphere, making it an ideal location for those seeking a slower pace of life. Stendal is situated near larger towns, such as Huntingburg and Jasper, providing residents access to additional amenities, shopping, and recreational opportunities without sacrificing the tranquility of small-town living. Outdoor enthusiasts can enjoy local parks and nearby nature areas. Community events are a highlight in Stendal, fostering connections among residents and preserving local traditions. The town has a friendly, welcoming spirit, making it easy for newcomers to integrate into the community. With its blend of history, rural beauty, and close community bonds, Stendal embodies the quaint charm typical of small towns in Indiana.

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