Total monthly cost of ownership
Cost to Own a Home in Geneva, Indiana
A $127,000 home here costs
$1,166per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $50,000 a year.
A standard mortgage calculator would have told you $692. The real number is $473 higher every month, 68% more than the payment most buyers budget for.
Compare Adams County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Geneva from a five-year rolling sample, and with about 1,267 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Adams County figures are drawn from a far larger sample if you want a steadier number.
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 $153 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
Talk to someone who works this market
These are Geneva averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Geneva every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Geneva I already own here and may sell
Common questions
How much does it cost to own a home in Geneva?
A $127,000 home in Geneva, Indiana costs approximately $1,166 per month with 20% down at 7.24%. That is $692 principal and interest, $92 property tax, $54 homeowners insurance, $221 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 $1,166 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Geneva?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Geneva, Indiana at today's rate takes a household income of roughly $50,000 a year. That covers the full $1,166 monthly cost, not just the mortgage payment.
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.