Total monthly cost of ownership
Cost to Own a Home in Dale, Indiana
A $119,000 home here costs
$1,060per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $612. The real number is $448 higher every month — 73% 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.
Dale against Spencer County and Indiana
| Measure | Dale | Spencer County |
|---|---|---|
| Median home value | $119,200 | $180,200 |
| Median property tax | $802 | $1,138 |
| Effective tax rate | 0.673% | 0.632% |
| Median gross rent | $800 | $697 |
| Population | 1,569 | 19,871 |
The weather behind that power bill
Dale sits in Spencer County, which averages a high of 85.3°F in its hottest month and a low of 25.8°F in its coldest, with 51.28" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,215 cooling and 4,572 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Spencer County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Spencer County
Full Spencer County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Dale?
A $119,000 home in Dale, Indiana costs approximately $1,060 per month with 20% down at 6.66%. That is $612 principal and interest, $67 property tax, $51 homeowners insurance, $231 utilities and $99 set aside for maintenance.
What is the property tax rate in Dale?
Dale has an effective property tax rate of 0.673%, based on a median home value of $119,200 and median real estate taxes of $802. That is higher than the Spencer County average of 0.632%.
What is the average home price in Dale?
The median owner-occupied home value in Dale, Indiana is $119,200, against $180,200 across Spencer County.
Is it cheaper to rent or buy in Dale?
Median gross rent in Dale is $800 a month, against $1,060 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 Dale — 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.