Total monthly cost of ownership
Cost to Own a Home in Geneva, Indiana
A $127,000 home here costs
$1,136per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $653. The real number is $483 higher every month — 74% 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.
Geneva against Adams County and Indiana
| Measure | Geneva | Adams County |
|---|---|---|
| Median home value | $127,400 | $173,100 |
| Median property tax | $1,109 | $1,295 |
| Effective tax rate | 0.870% | 0.748% |
| Median gross rent | $643 | $799 |
| Population | 1,267 | 35,995 |
The weather behind that power bill
Geneva sits in Adams County, which averages a high of 83.6°F in its hottest month and a low of 17.9°F in its coldest, with 41.86" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 877 cooling and 6,034 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Adams County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Adams County
Common questions
How much does it cost to own a home in Geneva?
A $127,000 home in Geneva, Indiana costs approximately $1,136 per month with 20% down at 6.66%. That is $653 principal and interest, $92 property tax, $54 homeowners insurance, $231 utilities and $106 set aside for maintenance.
What is the property tax rate in Geneva?
Geneva has an effective property tax rate of 0.870%, based on a median home value of $127,400 and median real estate taxes of $1,109. That is higher than the Adams County average of 0.748%.
What is the average home price in Geneva?
The median owner-occupied home value in Geneva, Indiana is $127,400, against $173,100 across Adams County.
Is it cheaper to rent or buy in Geneva?
Median gross rent in Geneva is $643 a month, against $1,136 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 Geneva — 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.