Total monthly cost of ownership
Cost to Own a Home in Loogootee, Indiana
A $134,000 home here costs
$1,162per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $689. The real number is $473 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.
Loogootee against Martin County and Indiana
| Measure | Loogootee | Martin County |
|---|---|---|
| Median home value | $133,900 | $150,400 |
| Median property tax | $875 | $798 |
| Effective tax rate | 0.653% | 0.531% |
| Median gross rent | $755 | $643 |
| Population | 2,846 | 9,854 |
The weather behind that power bill
Loogootee sits in Martin County, which averages a high of 83.9°F in its hottest month and a low of 22.9°F in its coldest, with 48.63" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,043 cooling and 4,897 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Martin County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Martin County
No other places of this size are published in Martin County.
Common questions
How much does it cost to own a home in Loogootee?
A $134,000 home in Loogootee, Indiana costs approximately $1,162 per month with 20% down at 6.66%. That is $689 principal and interest, $73 property tax, $57 homeowners insurance, $231 utilities and $112 set aside for maintenance.
What is the property tax rate in Loogootee?
Loogootee has an effective property tax rate of 0.653%, based on a median home value of $133,900 and median real estate taxes of $875. That is higher than the Martin County average of 0.531%.
What is the average home price in Loogootee?
The median owner-occupied home value in Loogootee, Indiana is $133,900, against $150,400 across Martin County.
Is it cheaper to rent or buy in Loogootee?
Median gross rent in Loogootee is $755 a month, against $1,162 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 Loogootee — 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.