Total monthly cost of ownership
Cost to Own a Home in Leo-Cedarville, Indiana
A $285,000 home here costs
$2,343per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $100,500 a year.
A standard mortgage calculator would have told you $1,579. The real number is $765 higher every month, 48% more than the payment most buyers budget for.
Compare Allen County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Leo-Cedarville from a five-year rolling sample, and with about 3,670 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Allen County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Leo-Cedarville against Allen County and Indiana
| Measure | Leo-Cedarville | Allen County |
|---|---|---|
| Median home value | $284,900 | $194,300 |
| Median property tax | $2,239 | $1,559 |
| Effective tax rate | 0.786% | 0.802% |
| Median gross rent | — | $976 |
| Population | 3,670 | 388,791 |
The weather behind that power bill
Leo-Cedarville sits in Allen County, which averages a high of 84.1°F in its hottest month and a low of 18.4°F in its coldest, with 39.48" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 849 cooling and 5,968 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Allen County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Allen County
Talk to someone who works this market
These are Leo-Cedarville 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 Leo-Cedarville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Leo-Cedarville I already own here and may sell
Common questions
How much does it cost to own a home in Leo-Cedarville?
A $285,000 home in Leo-Cedarville, Indiana costs approximately $2,343 per month with 20% down at 7.4%. That is $1,579 principal and interest, $187 property tax, $122 homeowners insurance, $219 utilities and $238 set aside for maintenance.
What is the property tax rate in Leo-Cedarville?
Leo-Cedarville has an effective property tax rate of 0.786%, based on a median home value of $284,900 and median real estate taxes of $2,239. That is lower than the Allen County average of 0.802%.
What is the average home price in Leo-Cedarville?
The median owner-occupied home value in Leo-Cedarville, Indiana is $284,900, against $194,300 across Allen County.
Is it cheaper to rent or buy in Leo-Cedarville?
Rent data is not published for Leo-Cedarville at this level of detail.
What salary do you need to buy a home in Leo-Cedarville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Leo-Cedarville, Indiana at today's rate takes a household income of roughly $100,500 a year. That covers the full $2,343 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Leo-Cedarville, 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.