Total monthly cost of ownership
Cost to Own a Home in Lagrange, Indiana
A $124,000 home here costs
$1,075per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $637. The real number is $438 higher every month — 69% 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.
Lagrange against LaGrange County and Indiana
| Measure | Lagrange | LaGrange County |
|---|---|---|
| Median home value | $124,000 | $249,500 |
| Median property tax | $604 | $1,352 |
| Effective tax rate | 0.487% | 0.542% |
| Median gross rent | $752 | $816 |
| Population | 2,770 | 40,596 |
The weather behind that power bill
Lagrange sits in LaGrange County, which averages a high of 82.9°F in its hottest month and a low of 16.5°F in its coldest, with 38.51" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 731 cooling and 6,427 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for LaGrange County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in LaGrange County
Full LaGrange County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Lagrange?
A $124,000 home in Lagrange, Indiana costs approximately $1,075 per month with 20% down at 6.66%. That is $637 principal and interest, $50 property tax, $53 homeowners insurance, $231 utilities and $103 set aside for maintenance.
What is the property tax rate in Lagrange?
Lagrange has an effective property tax rate of 0.487%, based on a median home value of $124,000 and median real estate taxes of $604. That is lower than the LaGrange County average of 0.542%.
What is the average home price in Lagrange?
The median owner-occupied home value in Lagrange, Indiana is $124,000, against $249,500 across LaGrange County.
Is it cheaper to rent or buy in Lagrange?
Median gross rent in Lagrange is $752 a month, against $1,075 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 Lagrange — 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.