Total monthly cost of ownership
Cost to Own a Home in Bicknell, Indiana
A $60,000 home here costs
$665per 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 $28,500 a year.
A standard mortgage calculator would have told you $327. The real number is $338 higher every month, 103% more than the payment most buyers budget for.
Compare Knox County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Bicknell from a five-year rolling sample, and with about 2,879 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 Knox 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.
Bicknell against Knox County and Indiana
| Measure | Bicknell | Knox County |
|---|---|---|
| Median home value | $59,700 | $123,500 |
| Median property tax | $489 | $895 |
| Effective tax rate | 0.819% | 0.725% |
| Median gross rent | $809 | $782 |
| Population | 2,879 | 36,108 |
The weather behind that power bill
Bicknell sits in Knox County, which averages a high of 88.7°F in its hottest month and a low of 21.6°F in its coldest, with 46.76" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 1,397 cooling and 4,816 heating degree days, which is what sets the $153 electricity line above.
See the full climate breakdown for Knox County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Knox County
Talk to someone who works this market
These are Bicknell 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 Bicknell every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Bicknell I already own here and may sell
Common questions
How much does it cost to own a home in Bicknell?
A $60,000 home in Bicknell, Indiana costs approximately $665 per month with 20% down at 7.24%. That is $327 principal and interest, $41 property tax, $26 homeowners insurance, $221 utilities and $50 set aside for maintenance.
What is the property tax rate in Bicknell?
Bicknell has an effective property tax rate of 0.819%, based on a median home value of $59,700 and median real estate taxes of $489. That is higher than the Knox County average of 0.725%.
What is the average home price in Bicknell?
The median owner-occupied home value in Bicknell, Indiana is $59,700, against $123,500 across Knox County.
Is it cheaper to rent or buy in Bicknell?
Median gross rent in Bicknell is $809 a month, against $665 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Bicknell?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Bicknell, Indiana at today's rate takes a household income of roughly $28,500 a year. That covers the full $665 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bicknell, 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.