Total monthly cost of ownership
Cost to Own a Home in Fremont, Indiana
A $145,000 home here costs
$1,220per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $745. The real number is $474 higher every month — 64% 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.
Fremont against Steuben County and Indiana
| Measure | Fremont | Steuben County |
|---|---|---|
| Median home value | $144,900 | $204,300 |
| Median property tax | $725 | $1,188 |
| Effective tax rate | 0.500% | 0.581% |
| Median gross rent | $1,034 | $921 |
| Population | 2,177 | 34,648 |
The weather behind that power bill
Fremont sits in Steuben County, which averages a high of 81.8°F in its hottest month and a low of 16.0°F in its coldest, with 38.78" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 620 cooling and 6,676 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Steuben County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Steuben County
Full Steuben County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Fremont?
A $145,000 home in Fremont, Indiana costs approximately $1,220 per month with 20% down at 6.66%. That is $745 principal and interest, $60 property tax, $62 homeowners insurance, $231 utilities and $121 set aside for maintenance.
What is the property tax rate in Fremont?
Fremont has an effective property tax rate of 0.500%, based on a median home value of $144,900 and median real estate taxes of $725. That is lower than the Steuben County average of 0.581%.
What is the average home price in Fremont?
The median owner-occupied home value in Fremont, Indiana is $144,900, against $204,300 across Steuben County.
Is it cheaper to rent or buy in Fremont?
Median gross rent in Fremont is $1,034 a month, against $1,220 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 Fremont — 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.