Total monthly cost of ownership
Cost to Own a Home in Flora, Indiana
A $137,000 home here costs
$1,185per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $704. The real number is $480 higher every month — 68% 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.
Flora against Carroll County and Indiana
| Measure | Flora | Carroll County |
|---|---|---|
| Median home value | $136,700 | $167,700 |
| Median property tax | $917 | $954 |
| Effective tax rate | 0.671% | 0.569% |
| Median gross rent | $749 | $874 |
| Population | 2,100 | 20,443 |
The weather behind that power bill
Flora sits in Carroll County, which averages a high of 84.6°F in its hottest month and a low of 19.2°F in its coldest, with 39.04" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 928 cooling and 5,571 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Carroll County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Carroll County
Full Carroll County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Flora?
A $137,000 home in Flora, Indiana costs approximately $1,185 per month with 20% down at 6.66%. That is $704 principal and interest, $77 property tax, $58 homeowners insurance, $231 utilities and $114 set aside for maintenance.
What is the property tax rate in Flora?
Flora has an effective property tax rate of 0.671%, based on a median home value of $136,700 and median real estate taxes of $917. That is higher than the Carroll County average of 0.569%.
What is the average home price in Flora?
The median owner-occupied home value in Flora, Indiana is $136,700, against $167,700 across Carroll County.
Is it cheaper to rent or buy in Flora?
Median gross rent in Flora is $749 a month, against $1,185 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 Flora — 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.