Total monthly cost of ownership
Cost to Own a Home in Arcadia, Indiana
A $164,000 home here costs
$1,383per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $843. The real number is $540 higher every month — 64% 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.
Arcadia against Hamilton County and Indiana
| Measure | Arcadia | Hamilton County |
|---|---|---|
| Median home value | $164,400 | $379,100 |
| Median property tax | $1,230 | $3,340 |
| Effective tax rate | 0.748% | 0.881% |
| Median gross rent | $960 | $1,468 |
| Population | 1,696 | 357,176 |
The weather behind that power bill
Arcadia sits in Hamilton County, which averages a high of 84.4°F in its hottest month and a low of 18.8°F in its coldest, with 44.4" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 920 cooling and 5,758 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Hamilton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hamilton County
Full Hamilton County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Arcadia?
A $164,000 home in Arcadia, Indiana costs approximately $1,383 per month with 20% down at 6.66%. That is $843 principal and interest, $102 property tax, $70 homeowners insurance, $231 utilities and $137 set aside for maintenance.
What is the property tax rate in Arcadia?
Arcadia has an effective property tax rate of 0.748%, based on a median home value of $164,400 and median real estate taxes of $1,230. That is lower than the Hamilton County average of 0.881%.
What is the average home price in Arcadia?
The median owner-occupied home value in Arcadia, Indiana is $164,400, against $379,100 across Hamilton County.
Is it cheaper to rent or buy in Arcadia?
Median gross rent in Arcadia is $960 a month, against $1,383 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 Arcadia — 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.