Total monthly cost of ownership
Cost to Own a Home in Lake Holiday, Indiana
A $242,000 home here costs
$1,919per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,244. The real number is $675 higher every month — 54% 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.
Lake Holiday against Montgomery County and Indiana
| Measure | Lake Holiday | Montgomery County |
|---|---|---|
| Median home value | $242,200 | $166,300 |
| Median property tax | $1,669 | $1,047 |
| Effective tax rate | 0.689% | 0.630% |
| Median gross rent | — | $827 |
| Population | 1,072 | 38,155 |
The weather behind that power bill
Lake Holiday sits in Montgomery County, which averages a high of 82.8°F in its hottest month and a low of 17.2°F in its coldest, with 44.16" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 768 cooling and 6,067 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Montgomery County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Montgomery County
Full Montgomery County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Lake Holiday?
A $242,000 home in Lake Holiday, Indiana costs approximately $1,919 per month with 20% down at 6.66%. That is $1,244 principal and interest, $139 property tax, $103 homeowners insurance, $231 utilities and $202 set aside for maintenance.
What is the property tax rate in Lake Holiday?
Lake Holiday has an effective property tax rate of 0.689%, based on a median home value of $242,200 and median real estate taxes of $1,669. That is higher than the Montgomery County average of 0.630%.
What is the average home price in Lake Holiday?
The median owner-occupied home value in Lake Holiday, Indiana is $242,200, against $166,300 across Montgomery County.
Is it cheaper to rent or buy in Lake Holiday?
Rent data is not published for Lake Holiday at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lake Holiday — 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.