Total monthly cost of ownership
Cost to Own a Home in Culver, Indiana
A $239,000 home here costs
$1,885per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,229. The real number is $656 higher every month — 53% 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.
Culver against Marshall County and Indiana
| Measure | Culver | Marshall County |
|---|---|---|
| Median home value | $238,500 | $184,500 |
| Median property tax | $1,485 | $1,260 |
| Effective tax rate | 0.623% | 0.683% |
| Median gross rent | $660 | $936 |
| Population | 1,346 | 46,225 |
The weather behind that power bill
Culver sits in Marshall County, which averages a high of 83.8°F in its hottest month and a low of 16.7°F in its coldest, with 40.26" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 829 cooling and 6,263 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Marshall County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marshall County
Full Marshall County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Culver?
A $239,000 home in Culver, Indiana costs approximately $1,885 per month with 20% down at 6.66%. That is $1,229 principal and interest, $124 property tax, $102 homeowners insurance, $231 utilities and $199 set aside for maintenance.
What is the property tax rate in Culver?
Culver has an effective property tax rate of 0.623%, based on a median home value of $238,500 and median real estate taxes of $1,485. That is lower than the Marshall County average of 0.683%.
What is the average home price in Culver?
The median owner-occupied home value in Culver, Indiana is $238,500, against $184,500 across Marshall County.
Is it cheaper to rent or buy in Culver?
Median gross rent in Culver is $660 a month, against $1,885 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 Culver — 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.