Total monthly cost of ownership
Cost to Own a Home in Bicknell, Indiana
A $60,000 home here costs
$656per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $308. The real number is $348 higher every month — 113% 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.
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 $163 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
Common questions
How much does it cost to own a home in Bicknell?
A $60,000 home in Bicknell, Indiana costs approximately $656 per month with 20% down at 6.66%. That is $308 principal and interest, $41 property tax, $26 homeowners insurance, $231 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 $656 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
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.