Total monthly cost of ownership
Cost to Own a Home in Noblesville, Indiana
A $322,000 home here costs
$2,644per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $113,500 a year.
A standard mortgage calculator would have told you $1,784. The real number is $860 higher every month, 48% more than the payment most buyers budget for.
Compare Hamilton County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Noblesville against Hamilton County and Indiana
| Measure | Noblesville | Hamilton County |
|---|---|---|
| Median home value | $321,800 | $379,100 |
| Median property tax | $2,825 | $3,340 |
| Effective tax rate | 0.878% | 0.881% |
| Median gross rent | $1,284 | $1,468 |
| Population | 71,940 | 357,176 |
The weather behind that power bill
Noblesville sits in Hamilton County, which averages a high of 84.4°F in its hottest month and a low of 18.8°F in its coldest, with 44.4" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 920 cooling and 5,758 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Hamilton County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hamilton County
Full Hamilton County cost breakdown · Every county in Indiana
Talk to someone who works this market
These are Noblesville 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 Noblesville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Noblesville I already own here and may sell
Common questions
How much does it cost to own a home in Noblesville?
A $322,000 home in Noblesville, Indiana costs approximately $2,644 per month with 20% down at 7.4%. That is $1,784 principal and interest, $236 property tax, $137 homeowners insurance, $219 utilities and $268 set aside for maintenance.
What is the property tax rate in Noblesville?
Noblesville has an effective property tax rate of 0.878%, based on a median home value of $321,800 and median real estate taxes of $2,825. That is in line with the Hamilton County average of 0.881%.
What is the average home price in Noblesville?
The median owner-occupied home value in Noblesville, Indiana is $321,800, against $379,100 across Hamilton County.
Is it cheaper to rent or buy in Noblesville?
Median gross rent in Noblesville is $1,284 a month, against $2,644 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 Noblesville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Noblesville, Indiana at today's rate takes a household income of roughly $113,500 a year. That covers the full $2,644 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Noblesville, 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.