Total monthly cost of ownership
Cost to Own a Home in Bloomfield, Indiana
A $109,000 home here costs
$976per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $560. The real number is $415 higher every month — 74% 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.
Bloomfield against Greene County and Indiana
| Measure | Bloomfield | Greene County |
|---|---|---|
| Median home value | $108,700 | $129,900 |
| Median property tax | $561 | $895 |
| Effective tax rate | 0.516% | 0.689% |
| Median gross rent | $672 | $788 |
| Population | 2,440 | 30,954 |
The weather behind that power bill
Bloomfield sits in Greene County, which averages a high of 85.0°F in its hottest month and a low of 21.9°F in its coldest, with 46.92" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,026 cooling and 5,083 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Greene County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Greene County
Common questions
How much does it cost to own a home in Bloomfield?
A $109,000 home in Bloomfield, Indiana costs approximately $976 per month with 20% down at 6.66%. That is $560 principal and interest, $47 property tax, $47 homeowners insurance, $231 utilities and $91 set aside for maintenance.
What is the property tax rate in Bloomfield?
Bloomfield has an effective property tax rate of 0.516%, based on a median home value of $108,700 and median real estate taxes of $561. That is lower than the Greene County average of 0.689%.
What is the average home price in Bloomfield?
The median owner-occupied home value in Bloomfield, Indiana is $108,700, against $129,900 across Greene County.
Is it cheaper to rent or buy in Bloomfield?
Median gross rent in Bloomfield is $672 a month, against $976 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 Bloomfield — 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.