Total monthly cost of ownership
Cost to Own a Home in French Lick, Indiana
A $80,000 home here costs
$790per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $411. The real number is $379 higher every month — 92% 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.
French Lick against Orange County and Indiana
| Measure | French Lick | Orange County |
|---|---|---|
| Median home value | $79,600 | $143,900 |
| Median property tax | $556 | $832 |
| Effective tax rate | 0.698% | 0.578% |
| Median gross rent | $770 | $838 |
| Population | 1,790 | 19,746 |
The weather behind that power bill
French Lick sits in Orange County, which averages a high of 86.6°F in its hottest month and a low of 21.4°F in its coldest, with 49.48" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,089 cooling and 5,049 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Orange County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Orange County
Common questions
How much does it cost to own a home in French Lick?
A $80,000 home in French Lick, Indiana costs approximately $790 per month with 20% down at 6.66%. That is $411 principal and interest, $47 property tax, $34 homeowners insurance, $231 utilities and $67 set aside for maintenance.
What is the property tax rate in French Lick?
French Lick has an effective property tax rate of 0.698%, based on a median home value of $79,600 and median real estate taxes of $556. That is higher than the Orange County average of 0.578%.
What is the average home price in French Lick?
The median owner-occupied home value in French Lick, Indiana is $79,600, against $143,900 across Orange County.
Is it cheaper to rent or buy in French Lick?
Median gross rent in French Lick is $770 a month, against $790 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 French Lick — 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.