Total monthly cost of ownership
Cost to Own a Home in Bass Lake, Indiana
A $234,000 home here costs
$1,942per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $83,000 a year.
A standard mortgage calculator would have told you $1,276. The real number is $667 higher every month, 52% more than the payment most buyers budget for.
Compare Starke County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Bass Lake from a five-year rolling sample, and with about 1,067 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Starke County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Bass Lake against Starke County and Indiana
| Measure | Bass Lake | Starke County |
|---|---|---|
| Median home value | $233,900 | $148,400 |
| Median property tax | $1,806 | $895 |
| Effective tax rate | 0.772% | 0.603% |
| Median gross rent | $945 | $690 |
| Population | 1,067 | 23,300 |
The weather behind that power bill
Bass Lake sits in Starke County, which averages a high of 82.4°F in its hottest month and a low of 15.8°F in its coldest, with 42.22" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 697 cooling and 6,297 heating degree days, which is what sets the $153 electricity line above.
See the full climate breakdown for Starke County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Starke County
Talk to someone who works this market
These are Bass Lake averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Bass Lake every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Bass Lake I already own here and may sell
Common questions
How much does it cost to own a home in Bass Lake?
A $234,000 home in Bass Lake, Indiana costs approximately $1,942 per month with 20% down at 7.24%. That is $1,276 principal and interest, $151 property tax, $100 homeowners insurance, $221 utilities and $195 set aside for maintenance.
What is the property tax rate in Bass Lake?
Bass Lake has an effective property tax rate of 0.772%, based on a median home value of $233,900 and median real estate taxes of $1,806. That is higher than the Starke County average of 0.603%.
What is the average home price in Bass Lake?
The median owner-occupied home value in Bass Lake, Indiana is $233,900, against $148,400 across Starke County.
Is it cheaper to rent or buy in Bass Lake?
Median gross rent in Bass Lake is $945 a month, against $1,942 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Bass Lake?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Bass Lake, Indiana at today's rate takes a household income of roughly $83,000 a year. That covers the full $1,942 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bass Lake, 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.