Total monthly cost of ownership
Cost to Own a Home in Middletown, Indiana
A $99,000 home here costs
$918per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $509. The real number is $409 higher every month — 80% 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.
Middletown against Henry County and Indiana
| Measure | Middletown | Henry County |
|---|---|---|
| Median home value | $98,500 | $140,200 |
| Median property tax | $637 | $1,050 |
| Effective tax rate | 0.647% | 0.749% |
| Median gross rent | $806 | $807 |
| Population | 2,163 | 48,896 |
The weather behind that power bill
Middletown sits in Henry County, which averages a high of 83.1°F in its hottest month and a low of 17.1°F in its coldest, with 44.35" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 737 cooling and 6,018 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Henry County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Henry County
Common questions
How much does it cost to own a home in Middletown?
A $99,000 home in Middletown, Indiana costs approximately $918 per month with 20% down at 6.66%. That is $509 principal and interest, $53 property tax, $42 homeowners insurance, $231 utilities and $83 set aside for maintenance.
What is the property tax rate in Middletown?
Middletown has an effective property tax rate of 0.647%, based on a median home value of $98,500 and median real estate taxes of $637. That is lower than the Henry County average of 0.749%.
What is the average home price in Middletown?
The median owner-occupied home value in Middletown, Indiana is $98,500, against $140,200 across Henry County.
Is it cheaper to rent or buy in Middletown?
Median gross rent in Middletown is $806 a month, against $918 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 Middletown — 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.