Total monthly cost of ownership
Cost to Own a Home in Ferdinand, Indiana
A $173,000 home here costs
$1,434per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $889. The real number is $544 higher every month — 61% 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.
Ferdinand against Dubois County and Indiana
| Measure | Ferdinand | Dubois County |
|---|---|---|
| Median home value | $172,700 | $212,500 |
| Median property tax | $1,142 | $1,382 |
| Effective tax rate | 0.661% | 0.650% |
| Median gross rent | $861 | $801 |
| Population | 2,346 | 43,563 |
The weather behind that power bill
Ferdinand sits in Dubois County, which averages a high of 86.6°F in its hottest month and a low of 25.7°F in its coldest, with 49.63" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,337 cooling and 4,205 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Dubois County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Dubois County
Common questions
How much does it cost to own a home in Ferdinand?
A $173,000 home in Ferdinand, Indiana costs approximately $1,434 per month with 20% down at 6.66%. That is $889 principal and interest, $95 property tax, $74 homeowners insurance, $231 utilities and $144 set aside for maintenance.
What is the property tax rate in Ferdinand?
Ferdinand has an effective property tax rate of 0.661%, based on a median home value of $172,700 and median real estate taxes of $1,142. That is higher than the Dubois County average of 0.650%.
What is the average home price in Ferdinand?
The median owner-occupied home value in Ferdinand, Indiana is $172,700, against $212,500 across Dubois County.
Is it cheaper to rent or buy in Ferdinand?
Median gross rent in Ferdinand is $861 a month, against $1,434 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 Ferdinand — 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.