Total monthly cost of ownership
Cost to Own a Home in Grissom AFB, Indiana
A $85,000 home here costs
$792per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $437. The real number is $355 higher every month — 81% 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.
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 $163 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
Common questions
How much does it cost to own a home in Grissom AFB?
A $85,000 home in Grissom AFB, Indiana costs approximately $792 per month with 20% down at 6.66%. That is $437 principal and interest, $17 property tax, $36 homeowners insurance, $231 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 $792 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
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.