Total monthly cost of ownership
Cost to Own a Home in Knox, Indiana
A $125,000 home here costs
$1,090per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $643. The real number is $447 higher every month — 70% 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.
Knox against Starke County and Indiana
| Measure | Knox | Starke County |
|---|---|---|
| Median home value | $125,300 | $148,400 |
| Median property tax | $700 | $895 |
| Effective tax rate | 0.559% | 0.603% |
| Median gross rent | $613 | $690 |
| Population | 3,843 | 23,300 |
The weather behind that power bill
Knox sits in Starke County, which averages a high of 82.4°F in its hottest month and a low of 15.8°F in its coldest, with 42.22" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 697 cooling and 6,297 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Starke County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Starke County
Common questions
How much does it cost to own a home in Knox?
A $125,000 home in Knox, Indiana costs approximately $1,090 per month with 20% down at 6.66%. That is $643 principal and interest, $58 property tax, $53 homeowners insurance, $231 utilities and $104 set aside for maintenance.
What is the property tax rate in Knox?
Knox has an effective property tax rate of 0.559%, based on a median home value of $125,300 and median real estate taxes of $700. That is lower than the Starke County average of 0.603%.
What is the average home price in Knox?
The median owner-occupied home value in Knox, Indiana is $125,300, against $148,400 across Starke County.
Is it cheaper to rent or buy in Knox?
Median gross rent in Knox is $613 a month, against $1,090 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 Knox — 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.