Total monthly cost of ownership
Cost to Own a Home in Country Squire Lakes, Indiana
A $29,000 home here costs
$445per 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 $19,000 a year.
A standard mortgage calculator would have told you $158. The real number is $287 higher every month, 182% more than the payment most buyers budget for.
Compare Jennings County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Country Squire Lakes from a five-year rolling sample, and with about 3,211 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 Jennings 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.
Country Squire Lakes against Jennings County and Indiana
| Measure | Country Squire Lakes | Jennings County |
|---|---|---|
| Median home value | $28,600 | $154,600 |
| Median property tax | $345 | $903 |
| Effective tax rate | 1.206% | 0.584% |
| Median gross rent | $1,236 | $906 |
| Population | 3,211 | 27,584 |
The weather behind that power bill
Country Squire Lakes sits in Jennings County, which averages a high of 85.5°F in its hottest month and a low of 23.3°F in its coldest, with 49.3" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,096 cooling and 4,775 heating degree days, which is what sets the $153 electricity line above.
See the full climate breakdown for Jennings County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jennings County
Full Jennings County cost breakdown · Every county in Indiana
Talk to someone who works this market
These are Country Squire Lakes 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 Country Squire Lakes every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Country Squire Lakes I already own here and may sell
Common questions
How much does it cost to own a home in Country Squire Lakes?
A $29,000 home in Country Squire Lakes, Indiana costs approximately $445 per month with 20% down at 7.24%. That is $158 principal and interest, $29 property tax, $12 homeowners insurance, $221 utilities and $24 set aside for maintenance.
What is the property tax rate in Country Squire Lakes?
Country Squire Lakes has an effective property tax rate of 1.206%, based on a median home value of $28,600 and median real estate taxes of $345. That is higher than the Jennings County average of 0.584%.
What is the average home price in Country Squire Lakes?
The median owner-occupied home value in Country Squire Lakes, Indiana is $28,600, against $154,600 across Jennings County.
Is it cheaper to rent or buy in Country Squire Lakes?
Median gross rent in Country Squire Lakes is $1,236 a month, against $445 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 Country Squire Lakes?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Country Squire Lakes, Indiana at today's rate takes a household income of roughly $19,000 a year. That covers the full $445 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Country Squire Lakes, 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.