Total monthly cost of ownership
Cost to Own a Home in Fishers, Indiana
A $370,000 home here costs
$2,891per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,902. The real number is $988 higher every month — 52% 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.
Fishers against Hamilton County and Indiana
| Measure | Fishers | Hamilton County |
|---|---|---|
| Median home value | $370,200 | $379,100 |
| Median property tax | $3,496 | $3,340 |
| Effective tax rate | 0.944% | 0.881% |
| Median gross rent | $1,491 | $1,468 |
| Population | 100,918 | 357,176 |
The weather behind that power bill
Fishers sits in Hamilton County, which averages a high of 84.4°F in its hottest month and a low of 18.8°F in its coldest, with 44.4" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 920 cooling and 5,758 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Hamilton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hamilton County
Full Hamilton County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Fishers?
A $370,000 home in Fishers, Indiana costs approximately $2,891 per month with 20% down at 6.66%. That is $1,902 principal and interest, $291 property tax, $158 homeowners insurance, $231 utilities and $308 set aside for maintenance.
What is the property tax rate in Fishers?
Fishers has an effective property tax rate of 0.944%, based on a median home value of $370,200 and median real estate taxes of $3,496. That is higher than the Hamilton County average of 0.881%.
What is the average home price in Fishers?
The median owner-occupied home value in Fishers, Indiana is $370,200, against $379,100 across Hamilton County.
Is it cheaper to rent or buy in Fishers?
Median gross rent in Fishers is $1,491 a month, against $2,891 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 Fishers — 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.