Total monthly cost of ownership
Cost to Own a Home in Batesville, Indiana
A $216,000 home here costs
$1,745per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,110. The real number is $634 higher every month — 57% 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.
Batesville against Ripley County and Indiana
| Measure | Batesville | Ripley County |
|---|---|---|
| Median home value | $215,900 | $205,300 |
| Median property tax | $1,569 | $1,182 |
| Effective tax rate | 0.727% | 0.576% |
| Median gross rent | $761 | $799 |
| Population | 6,842 | 29,039 |
Batesville extends across 2 counties. Figures here use Ripley County, where most of its housing sits.
The weather behind that power bill
Batesville sits in Ripley County, which averages a high of 86.0°F in its hottest month and a low of 23.1°F in its coldest, with 45.26" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,160 cooling and 4,892 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Ripley County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ripley County
Common questions
How much does it cost to own a home in Batesville?
A $216,000 home in Batesville, Indiana costs approximately $1,745 per month with 20% down at 6.66%. That is $1,110 principal and interest, $131 property tax, $92 homeowners insurance, $231 utilities and $180 set aside for maintenance.
What is the property tax rate in Batesville?
Batesville has an effective property tax rate of 0.727%, based on a median home value of $215,900 and median real estate taxes of $1,569. That is higher than the Ripley County average of 0.576%.
What is the average home price in Batesville?
The median owner-occupied home value in Batesville, Indiana is $215,900, against $205,300 across Ripley County.
Is it cheaper to rent or buy in Batesville?
Median gross rent in Batesville is $761 a month, against $1,745 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 Batesville — 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.