Total monthly cost of ownership
Cost to Own a Home in Greendale, Indiana
A $184,000 home here costs
$1,550per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $946. The real number is $604 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.
Greendale against Dearborn County and Indiana
| Measure | Greendale | Dearborn County |
|---|---|---|
| Median home value | $184,300 | $227,100 |
| Median property tax | $1,696 | $1,726 |
| Effective tax rate | 0.920% | 0.760% |
| Median gross rent | $577 | $848 |
| Population | 4,176 | 50,828 |
The weather behind that power bill
Greendale sits in Dearborn County, which averages a high of 86.0°F in its hottest month and a low of 23.1°F in its coldest, with 45.26" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,160 cooling and 4,892 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Dearborn County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Dearborn County
Full Dearborn County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Greendale?
A $184,000 home in Greendale, Indiana costs approximately $1,550 per month with 20% down at 6.66%. That is $946 principal and interest, $141 property tax, $79 homeowners insurance, $231 utilities and $153 set aside for maintenance.
What is the property tax rate in Greendale?
Greendale has an effective property tax rate of 0.920%, based on a median home value of $184,300 and median real estate taxes of $1,696. That is higher than the Dearborn County average of 0.760%.
What is the average home price in Greendale?
The median owner-occupied home value in Greendale, Indiana is $184,300, against $227,100 across Dearborn County.
Is it cheaper to rent or buy in Greendale?
Median gross rent in Greendale is $577 a month, against $1,550 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 Greendale — 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.