Total monthly cost of ownership
Cost to Own a Home in Markle, Indiana
A $132,000 home here costs
$1,183per 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 $50,500 a year.
A standard mortgage calculator would have told you $720. The real number is $464 higher every month, 64% more than the payment most buyers budget for.
Compare Huntington County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Markle from a five-year rolling sample, and with about 1,154 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 Huntington 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.
Markle against Huntington County and Indiana
| Measure | Markle | Huntington County |
|---|---|---|
| Median home value | $131,500 | $146,400 |
| Median property tax | $907 | $1,070 |
| Effective tax rate | 0.690% | 0.731% |
| Median gross rent | $750 | $866 |
| Population | 1,154 | 36,757 |
Markle extends across 2 counties. Figures here use Huntington County, where most of its housing sits.
The weather behind that power bill
Markle sits in Huntington County, which averages a high of 84.4°F in its hottest month and a low of 17.0°F in its coldest, with 40.62" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 780 cooling and 6,170 heating degree days, which is what sets the $153 electricity line above.
See the full climate breakdown for Huntington County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Huntington County
Full Huntington County cost breakdown · Every county in Indiana
Talk to someone who works this market
These are Markle 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 Markle every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Markle I already own here and may sell
Common questions
How much does it cost to own a home in Markle?
A $132,000 home in Markle, Indiana costs approximately $1,183 per month with 20% down at 7.24%. That is $720 principal and interest, $76 property tax, $56 homeowners insurance, $221 utilities and $110 set aside for maintenance.
What is the property tax rate in Markle?
Markle has an effective property tax rate of 0.690%, based on a median home value of $131,500 and median real estate taxes of $907. That is lower than the Huntington County average of 0.731%.
What is the average home price in Markle?
The median owner-occupied home value in Markle, Indiana is $131,500, against $146,400 across Huntington County.
Is it cheaper to rent or buy in Markle?
Median gross rent in Markle is $750 a month, against $1,183 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 Markle?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Markle, Indiana at today's rate takes a household income of roughly $50,500 a year. That covers the full $1,183 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Markle, 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.