Total monthly cost of ownership
Cost to Own a Home in Brownsburg, Indiana
A $283,000 home here costs
$2,238per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,455. The real number is $783 higher every month — 54% 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.
Brownsburg against Hendricks County and Indiana
| Measure | Brownsburg | Hendricks County |
|---|---|---|
| Median home value | $282,800 | $281,500 |
| Median property tax | $2,344 | $2,344 |
| Effective tax rate | 0.829% | 0.833% |
| Median gross rent | $1,405 | $1,364 |
| Population | 30,310 | 179,379 |
The weather behind that power bill
Brownsburg sits in Hendricks County, which averages a high of 85.2°F in its hottest month and a low of 21.2°F in its coldest, with 40.67" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,127 cooling and 5,221 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Hendricks County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hendricks County
Full Hendricks County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Brownsburg?
A $283,000 home in Brownsburg, Indiana costs approximately $2,238 per month with 20% down at 6.66%. That is $1,455 principal and interest, $196 property tax, $121 homeowners insurance, $231 utilities and $236 set aside for maintenance.
What is the property tax rate in Brownsburg?
Brownsburg has an effective property tax rate of 0.829%, based on a median home value of $282,800 and median real estate taxes of $2,344. That is in line with the Hendricks County average of 0.833%.
What is the average home price in Brownsburg?
The median owner-occupied home value in Brownsburg, Indiana is $282,800, against $281,500 across Hendricks County.
Is it cheaper to rent or buy in Brownsburg?
Median gross rent in Brownsburg is $1,405 a month, against $2,238 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 Brownsburg — 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.