Total monthly cost of ownership
Cost to Own a Home in Kendallville, Indiana
A $131,000 home here costs
$1,176per 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 $50,500 a year.
A standard mortgage calculator would have told you $714. The real number is $462 higher every month, 65% more than the payment most buyers budget for.
Compare Noble County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Kendallville against Noble County and Indiana
| Measure | Kendallville | Noble County |
|---|---|---|
| Median home value | $130,600 | $183,400 |
| Median property tax | $907 | $1,250 |
| Effective tax rate | 0.694% | 0.682% |
| Median gross rent | $696 | $776 |
| Population | 10,094 | 47,417 |
The weather behind that power bill
Kendallville sits in Noble County, which averages a high of 83.2°F in its hottest month and a low of 18.1°F in its coldest, with 34.59" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 766 cooling and 6,177 heating degree days, which is what sets the $153 electricity line above.
See the full climate breakdown for Noble County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Noble County
Talk to someone who works this market
These are Kendallville 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 Kendallville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Kendallville I already own here and may sell
Common questions
How much does it cost to own a home in Kendallville?
A $131,000 home in Kendallville, Indiana costs approximately $1,176 per month with 20% down at 7.24%. That is $714 principal and interest, $76 property tax, $56 homeowners insurance, $221 utilities and $109 set aside for maintenance.
What is the property tax rate in Kendallville?
Kendallville has an effective property tax rate of 0.694%, based on a median home value of $130,600 and median real estate taxes of $907. That is higher than the Noble County average of 0.682%.
What is the average home price in Kendallville?
The median owner-occupied home value in Kendallville, Indiana is $130,600, against $183,400 across Noble County.
Is it cheaper to rent or buy in Kendallville?
Median gross rent in Kendallville is $696 a month, against $1,176 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 Kendallville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Kendallville, Indiana at today's rate takes a household income of roughly $50,500 a year. That covers the full $1,176 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Kendallville, 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.