Photo: Chris Flook · CC BY-SA 4.0Measured against area pay, Armstrong Township costs less to live in than 58% of U.S. towns
Home prices around Armstrong Township have risen about 47% over the past 5 years.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of the Evansville, IN metro area ($68K). How TownRatings grades cost of living
The grade compares costs with what households across the Evansville metro earn ($68K, Census 2020–24). The typical home costs 3.8 years of metro income, and 0% of renters pay 30% or more of income for housing.
In dollars
- $1,160a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
- 92prices across the Evansville metro, where the U.S. is 100 (housing 67)BEA Regional Price Parities, 2024
In paychecks the grade
- 3.8 yrsof area income buys the typical home; the typical U.S. town: 3.3$68K, Evansville-area income
- 16%of owners do; the typical U.S. town: 20%Census 2020–24
What stands out about housing in Armstrong Township
What’s behind Armstrong Township’s grade
Measured against what households in the area earn, Armstrong Township is more affordable than 58% of U.S. towns. Home prices pull the grade down most; the share of households paying 30%+ for housing holds it up.
Home prices up 47% in 5 years
The federal house price index for the ZIP codes around Armstrong Township rose 47% over the past 5 years, slower than across Indiana (53%). Last year prices rose 0.8%. Carrying the Census median home value forward with that index puts the typical Armstrong Township home at roughly $314,000 today.
Carrying the Census median forward with the index puts a typical home at about $314K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Armstrong Township, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 3.8 years of area income
The calculator starts from the area income the grade uses. Switch to Armstrong Township’s own median, or type yours.
That’s $50K short of a typical Armstrong Township home.
A two-bedroom rents for about $1,160 a month here, $730 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Armstrong Township’s typical property tax (0.92% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,160
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Evansville, IN MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Property tax runs above the Indiana norm
The median bill is $2,379 (Indiana: $1,614), 0.92% of a home’s value a year, against 0.74% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
The rest of a budget near Armstrong Township
Only figures published free for the whole country, each labeled with the area it covers: the Evansville, IN metro area, or Indiana. Groceries follow the goods price level; nobody publishes them town by town.
| Cost | Here | Compared with | Area | Source |
|---|---|---|---|---|
| Prices overall U.S. = 100 | 92 | IN 93 | metro | BEA, 2024 |
| Goods (groceries, clothing, cars…) U.S. = 100 | 94 | IN 96 | metro | BEA, 2024 |
| Utilities U.S. = 100 | 87 | IN 86 | metro | BEA, 2024 |
| Other services U.S. = 100 | 99 | IN 99 | metro | BEA, 2024 |
Price levels: U.S. Bureau of Economic Analysis, Regional Price Parities 2024 (metro area and state). Electricity: U.S. Energy Information Administration, Electric Power Monthly, table 5.6.A.
Armstrong Township vs. its neighbors
Zillow publishes no value for Armstrong Township. Johnson Township and Scott Township and Robinson Township and German Township and St. Wendel and Smith Township have no Zillow value, so they are in the table only.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, latest | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Armstrong Township | B | — | $259K | 0.92% | $1,160 |
| Robinson Township | C+ | — | $267K | 0.62% | $1,030 |
| Scott Township | C | — | $279K | 0.89% | $1,560 |
| German Township | B | — | $246K | 0.73% | $1,220 |
| Johnson Township | B+ | — | $282K | 0.73% | $1,010 |
| Smith Township | A+ | — | $121K | 0.53% | $960 |
| St. Wendel | – | — | $220K | 0.68% | — |
“—” under Zillow: Zillow publishes no value for that town, so it’s left blank rather than mixed with Census figures. “—” under Cost: not graded (too little Census data, or under 1,000 residents).
Questions about the cost of living in Armstrong Township
Is Armstrong Township expensive to live in?
Measured against what households in the area earn, Armstrong Township costs less than 58% of U.S. towns: a B for cost of living. The typical home costs 3.8 years of the median household income of the Evansville, IN metro area ($68K).
How much is rent in Armstrong Township?
HUD puts a two-bedroom at about $1,160 a month with utilities, the going rate for someone moving in.
What are property taxes in Armstrong Township?
The median bill is $2,379 a year, 0.92% of the median home value (Indiana: $1,614, 0.74%), from the Census 2020–24.
Neighbors talk housing
What Armstrong Township buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.