Total monthly cost of ownership
Cost to Own a Home in La Porte, Indiana
A $144,000 home here costs
$1,297per 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 $55,500 a year.
A standard mortgage calculator would have told you $785. The real number is $512 higher every month, 65% more than the payment most buyers budget for.
Compare LaPorte 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.
La Porte against LaPorte County and Indiana
| Measure | La Porte | LaPorte County |
|---|---|---|
| Median home value | $143,800 | $180,700 |
| Median property tax | $1,312 | $1,435 |
| Effective tax rate | 0.912% | 0.794% |
| Median gross rent | $889 | $926 |
| Population | 22,125 | 112,141 |
The weather behind that power bill
La Porte sits in LaPorte County, which averages a high of 82.1°F in its hottest month and a low of 17.3°F in its coldest, with 42.55" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 795 cooling and 6,222 heating degree days, which is what sets the $153 electricity line above.
See the full climate breakdown for LaPorte County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in LaPorte County
Full LaPorte County cost breakdown · Every county in Indiana
Talk to someone who works this market
These are La Porte 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 La Porte every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in La Porte I already own here and may sell
Common questions
How much does it cost to own a home in La Porte?
A $144,000 home in La Porte, Indiana costs approximately $1,297 per month with 20% down at 7.24%. That is $785 principal and interest, $109 property tax, $61 homeowners insurance, $221 utilities and $120 set aside for maintenance.
What is the property tax rate in La Porte?
La Porte has an effective property tax rate of 0.912%, based on a median home value of $143,800 and median real estate taxes of $1,312. That is higher than the LaPorte County average of 0.794%.
What is the average home price in La Porte?
The median owner-occupied home value in La Porte, Indiana is $143,800, against $180,700 across LaPorte County.
Is it cheaper to rent or buy in La Porte?
Median gross rent in La Porte is $889 a month, against $1,297 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 La Porte?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in La Porte, Indiana at today's rate takes a household income of roughly $55,500 a year. That covers the full $1,297 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for La Porte, 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.