Total monthly cost of ownership
Cost to Own a Home in Grissom AFB, Indiana
A $85,000 home here costs
$809per 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 $34,500 a year.
A standard mortgage calculator would have told you $463. The real number is $345 higher every month, 74% more than the payment most buyers budget for.
Compare Cass County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Grissom AFB from a five-year rolling sample, and with about 2,882 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 Cass 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.
Grissom AFB against Cass County and Indiana
| Measure | Grissom AFB | Cass County |
|---|---|---|
| Median home value | $84,700 | $118,700 |
| Median property tax | $199 | $824 |
| Effective tax rate | 0.235% | 0.694% |
| Median gross rent | $864 | $778 |
| Population | 2,882 | 37,703 |
Grissom AFB extends across 2 counties. Figures here use Cass County, where most of its housing sits.
The weather behind that power bill
Grissom AFB sits in Cass County, which averages a high of 84.4°F in its hottest month and a low of 17.8°F in its coldest, with 41.3" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 888 cooling and 5,952 heating degree days, which is what sets the $153 electricity line above.
See the full climate breakdown for Cass County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Cass County
Talk to someone who works this market
These are Grissom AFB 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 Grissom AFB every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Grissom AFB I already own here and may sell
Common questions
How much does it cost to own a home in Grissom AFB?
A $85,000 home in Grissom AFB, Indiana costs approximately $809 per month with 20% down at 7.24%. That is $463 principal and interest, $17 property tax, $36 homeowners insurance, $221 utilities and $71 set aside for maintenance.
What is the property tax rate in Grissom AFB?
Grissom AFB has an effective property tax rate of 0.235%, based on a median home value of $84,700 and median real estate taxes of $199. That is lower than the Cass County average of 0.694%.
What is the average home price in Grissom AFB?
The median owner-occupied home value in Grissom AFB, Indiana is $84,700, against $118,700 across Cass County.
Is it cheaper to rent or buy in Grissom AFB?
Median gross rent in Grissom AFB is $864 a month, against $809 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Grissom AFB?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Grissom AFB, Indiana at today's rate takes a household income of roughly $34,500 a year. That covers the full $809 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Grissom AFB, 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.