$1,100
Total Monthly Price
- 3 Beds
- 1 Bath
- 1,000 Sq Ft
- House for Rent
1025 N Line St, Loogootee, IN 47553
Located in a nice, quite neighborhood, 3 BD house with a 1 bay detached garage.
Frequently Asked Questions
How much does it cost to rent a single-family home in Loogootee, IN?
The median rent for a single-family home in Loogootee, IN is $1,150 per month, though prices vary by neighborhood, size, and property type. As of June 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Loogootee, IN?
To comfortably afford the median rent in Loogootee, IN, a household needs to earn roughly $46,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,150 per month in Loogootee, IN, renters typically need to show $3,450 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Loogootee, IN?
In Loogootee, IN, the price-to-rent ratio is 12.5, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
