Total monthly cost of ownership
Cost to Own a Home in Ardmore, Indiana
A $113,000 home here costs
$1,033per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $581. The real number is $452 higher every month — 78% 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.
Ardmore against St. Joseph County and Indiana
| Measure | Ardmore | St. Joseph County |
|---|---|---|
| Median home value | $113,300 | $179,800 |
| Median property tax | $944 | $1,559 |
| Effective tax rate | 0.833% | 0.867% |
| Median gross rent | $938 | $1,030 |
| Population | 1,807 | 272,574 |
The weather behind that power bill
Ardmore sits in St. Joseph County, which averages a high of 82.7°F in its hottest month and a low of 17.0°F in its coldest, with 39.23" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 722 cooling and 6,400 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for St. Joseph County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in St. Joseph County
Full St. Joseph County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Ardmore?
A $113,000 home in Ardmore, Indiana costs approximately $1,033 per month with 20% down at 6.66%. That is $581 principal and interest, $78 property tax, $48 homeowners insurance, $231 utilities and $94 set aside for maintenance.
What is the property tax rate in Ardmore?
Ardmore has an effective property tax rate of 0.833%, based on a median home value of $113,300 and median real estate taxes of $944. That is lower than the St. Joseph County average of 0.867%.
What is the average home price in Ardmore?
The median owner-occupied home value in Ardmore, Indiana is $113,300, against $179,800 across St. Joseph County.
Is it cheaper to rent or buy in Ardmore?
Median gross rent in Ardmore is $938 a month, against $1,033 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 Ardmore — 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.