Total monthly cost of ownership
Cost to Own a Home in Indiantown, Florida
A $189,000 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 $972. The real number is $578 higher every month — 59% 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.
Indiantown against Martin County and Florida
| Measure | Indiantown | Martin County |
|---|---|---|
| Median home value | $189,000 | $386,500 |
| Median property tax | $1,225 | $3,120 |
| Effective tax rate | 0.648% | 0.807% |
| Median gross rent | $926 | $1,499 |
| Population | 6,646 | 160,464 |
The weather behind that power bill
Indiantown sits in Martin County, which averages a high of 90.8°F in its hottest month and a low of 53.6°F in its coldest, with 64.16" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 3,528 cooling and 337 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Martin County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Martin County
Common questions
How much does it cost to own a home in Indiantown?
A $189,000 home in Indiantown, Florida costs approximately $1,550 per month with 20% down at 6.66%. That is $972 principal and interest, $102 property tax, $114 homeowners insurance, $204 utilities and $158 set aside for maintenance.
What is the property tax rate in Indiantown?
Indiantown has an effective property tax rate of 0.648%, based on a median home value of $189,000 and median real estate taxes of $1,225. That is lower than the Martin County average of 0.807%.
What is the average home price in Indiantown?
The median owner-occupied home value in Indiantown, Florida is $189,000, against $386,500 across Martin County.
Is it cheaper to rent or buy in Indiantown?
Median gross rent in Indiantown is $926 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 Indiantown — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Florida.
- 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.