Total monthly cost of ownership
Cost to Own a Home in Mulberry, Indiana
A $126,000 home here costs
$1,089per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $648. The real number is $441 higher every month — 68% 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.
Mulberry against Clinton County and Indiana
| Measure | Mulberry | Clinton County |
|---|---|---|
| Median home value | $125,500 | $157,300 |
| Median property tax | $607 | $979 |
| Effective tax rate | 0.484% | 0.622% |
| Median gross rent | $796 | $915 |
| Population | 1,266 | 32,967 |
The weather behind that power bill
Mulberry sits in Clinton County, which averages a high of 83.5°F in its hottest month and a low of 18.7°F in its coldest, with 43.27" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 900 cooling and 5,718 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Clinton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clinton County
Full Clinton County cost breakdown · Every county in Indiana
Common questions
How much does it cost to own a home in Mulberry?
A $126,000 home in Mulberry, Indiana costs approximately $1,089 per month with 20% down at 6.66%. That is $648 principal and interest, $51 property tax, $54 homeowners insurance, $231 utilities and $105 set aside for maintenance.
What is the property tax rate in Mulberry?
Mulberry has an effective property tax rate of 0.484%, based on a median home value of $125,500 and median real estate taxes of $607. That is lower than the Clinton County average of 0.622%.
What is the average home price in Mulberry?
The median owner-occupied home value in Mulberry, Indiana is $125,500, against $157,300 across Clinton County.
Is it cheaper to rent or buy in Mulberry?
Median gross rent in Mulberry is $796 a month, against $1,089 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 Mulberry — 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.