Total monthly cost of ownership
Cost to Own a Home in Angola, Indiana
A $187,000 home here costs
$1,533per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $961. The real number is $572 higher every month — 59% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Angola against Steuben County and Indiana
| Measure | Angola | Steuben County |
|---|---|---|
| Median home value | $186,900 | $204,300 |
| Median property tax | $1,261 | $1,188 |
| Effective tax rate | 0.675% | 0.581% |
| Median gross rent | $885 | $921 |
| Population | 9,383 | 34,648 |
The weather behind that power bill
Angola sits in Steuben County, which averages a high of 81.8°F in its hottest month and a low of 16.0°F in its coldest, with 38.78" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 620 cooling and 6,676 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Steuben County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Steuben County
Full Steuben County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Angola?
A $187,000 home in Angola, Indiana costs approximately $1,533 per month with 20% down at 6.66%. That is $961 principal and interest, $105 property tax, $80 homeowners insurance, $231 utilities and $156 set aside for maintenance.
What is the property tax rate in Angola?
Angola has an effective property tax rate of 0.675%, based on a median home value of $186,900 and median real estate taxes of $1,261. That is higher than the Steuben County average of 0.581%.
What is the average home price in Angola?
The median owner-occupied home value in Angola, Indiana is $186,900, against $204,300 across Steuben County.
Is it cheaper to rent or buy in Angola?
Median gross rent in Angola is $885 a month, against $1,533 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Angola — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Indiana.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.