Total monthly cost of ownership
Cost to Own a Home in Clermont, Indiana
A $192,000 home here costs
$1,641per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $987. The real number is $654 higher every month — 66% 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.
Clermont against Marion County and Indiana
| Measure | Clermont | Marion County |
|---|---|---|
| Median home value | $192,400 | $207,000 |
| Median property tax | $2,171 | $1,923 |
| Effective tax rate | 1.128% | 0.929% |
| Median gross rent | $1,024 | $1,107 |
| Population | 1,740 | 971,822 |
The weather behind that power bill
Clermont sits in Marion 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 Marion County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marion County
Common questions
How much does it cost to own a home in Clermont?
A $192,000 home in Clermont, Indiana costs approximately $1,641 per month with 20% down at 6.66%. That is $987 principal and interest, $180 property tax, $82 homeowners insurance, $231 utilities and $160 set aside for maintenance.
What is the property tax rate in Clermont?
Clermont has an effective property tax rate of 1.128%, based on a median home value of $192,400 and median real estate taxes of $2,171. That is higher than the Marion County average of 0.929%.
What is the average home price in Clermont?
The median owner-occupied home value in Clermont, Indiana is $192,400, against $207,000 across Marion County.
Is it cheaper to rent or buy in Clermont?
Median gross rent in Clermont is $1,024 a month, against $1,641 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 Clermont — 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.