Total monthly cost of ownership
Cost to Own a Home in Berne, Indiana
A $146,000 home here costs
$1,260per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $751. The real number is $509 higher every month — 68% 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.
Berne against Adams County and Indiana
| Measure | Berne | Adams County |
|---|---|---|
| Median home value | $145,600 | $173,100 |
| Median property tax | $1,127 | $1,295 |
| Effective tax rate | 0.774% | 0.748% |
| Median gross rent | $735 | $799 |
| Population | 3,906 | 35,995 |
The weather behind that power bill
Berne sits in Adams County, which averages a high of 83.6°F in its hottest month and a low of 17.9°F in its coldest, with 41.86" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 877 cooling and 6,034 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Adams County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Adams County
Common questions
How much does it cost to own a home in Berne?
A $146,000 home in Berne, Indiana costs approximately $1,260 per month with 20% down at 6.66%. That is $751 principal and interest, $94 property tax, $62 homeowners insurance, $231 utilities and $122 set aside for maintenance.
What is the property tax rate in Berne?
Berne has an effective property tax rate of 0.774%, based on a median home value of $145,600 and median real estate taxes of $1,127. That is higher than the Adams County average of 0.748%.
What is the average home price in Berne?
The median owner-occupied home value in Berne, Indiana is $145,600, against $173,100 across Adams County.
Is it cheaper to rent or buy in Berne?
Median gross rent in Berne is $735 a month, against $1,260 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 Berne — 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.