Total monthly cost of ownership
Cost to Own a Home in Middletown, Indiana
A $99,000 home here costs
$939per 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 $40,500 a year.
A standard mortgage calculator would have told you $540. The real number is $399 higher every month, 74% more than the payment most buyers budget for.
Compare Henry County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Middletown from a five-year rolling sample, and with about 2,163 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 Henry 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.
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 $153 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
Talk to someone who works this market
These are Middletown 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 Middletown every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Middletown I already own here and may sell
Common questions
How much does it cost to own a home in Middletown?
A $99,000 home in Middletown, Indiana costs approximately $939 per month with 20% down at 7.24%. That is $540 principal and interest, $53 property tax, $42 homeowners insurance, $221 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 $939 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 Middletown?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Middletown, Indiana at today's rate takes a household income of roughly $40,500 a year. That covers the full $939 monthly cost, not just the mortgage payment.
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.